OREANDA-NEWS. According to preliminary data, the amount of yield fee of the INGO Group companies - Ingosstrakh Insurance Company (Russia), INGO Ukraine (Ukraine), INGO Ukraine LIFE (Ukraine), BelIngosstrakh (Republic of Belarus), INGO Armenia (Republic of Armenia), Kyrgyzinstrakh (Kyrgyz Republic), INGO UZBEKISTAN (Uzbekistan), Ingosstrakh Life Insurance Company LLC (Russia), Emergency Insurance Company OJSC (Russia), Ingosstrakh ONDD Credit Insurance LLC (Russia) - totaled RUB 61 bn, which is 3% higher than for the same period last year. Insurance settlement payments by these companies for the reporting period amount to RUB 37.7 bn**, which is 8% more than for the same period in 2012. 

According to preliminary data, the total amount of insurance premium of Russian insurance companies of the INGO Group (Ingosstrakh Insurance Company, Ingosstrakh Life Insurance Company LLC, Emergency Insurance Company OJSC, Ingosstrakh ONDD Credit Insurance LLC) on direct insurance transactions and risks accepted for reinsurance, during the three quarters of 2013, reached RUB 57.8 bn, which is 3% higher than in the same period in 2012. Payments of the Russian companies of the Group in the first 9 months of 2013 amounted to RUB 36.4 bn, which is 9% more than for the same period in 2012.

According to preliminary data, the total amount of the premium collected by Ingosstrakh Insurance Company in the reporting period equals RUB 54.3 bn, which is 2% more than the amount collected in the same period in 2012, including RUB 51.2 bn in direct insurance transactions and RUB 3.1 bn in incoming reinsurance transactions.

The yield of Ingosstrakh Insurance Company in voluntary insurance other than life insurance (including incoming reinsurance) amounted to RUB 45.5 bn, including RUB 7.2 bn from personal insurance, RUB 35 bn from property insurance, RUB 2.9 bn in liability insurance, RUB 324.9 m from insurance of entrepreneurial and financial risks.

Yield of the insurance premium in compulsory third party liability insurance for owners of hazardous facilities for damage caused as a result of accident at such facilities totaled RUB 788.1 m, in compulsory third party liability insurance of carriers amounted to RUB 510.7 m.

The insurance premium collection in the three quarters of 2013 from compulsory motor third-party liability insurance (OSAGO) was RUB 7.6 bn, which is 16% less than for the same period in 2012. OSAGO payments by the company during the 9 months of 2013 totaled RUB 5.5 bn, which is 44% more than for the same period in 2012.

The highest growth in the amount of the premium was found in the following business areas: natural persons' property insurance - 39%, injury and illness insurance - 24%, insurance of entrepreneurial and financial risks - 22%, cargo insurance - 8%, water transport insurance - 7%.

The total amount of payments by Ingosstrakh Insurance Company for 9 months of 2013 was, according to preliminary data, RUB 34.7 bn, which is 38% more than for the same period in 2012 (without taking into consideration the loss of Express-AM4 spaceship). An amount of RUB 32.9 bn was paid under direct payments on direct insurance policies, and incoming reinsurance transactions brought RUB 1.8 bn.

The Company has paid compensation in voluntary insurance agreement other than life insurance (including payments for the incoming reinsurance) in sum of RUB 29.2 bn, including RUB 5.1 bn in personal insurance, RUB 22.6 bn in property insurance, RUB 1.3 bn in liability insurance, insurance of entrepreneurial and financial risks - RUB 70.1 m. Payments of compulsory third party liability insurance for owners of hazardous facilities for damage caused as a result of accident at such facilities in first three quarters of 2013 amounted to RUB 10.6 m.

In the reporting period, the assets of Ingosstrakh Insurance Company, Ingosstrakh Life Insurance Company LLC, Emergency Insurance Company OJSC and Ingosstrakh ONDD Credit Insurance LLC were RUB 103.4 bn. Insurance reserves of Russian companies of INGO Group are equal to RUB 73.3 bn. The Group's shareholders' equity as of 1 October 2013 has reached the level of RUB 24.3 bn, which is 3% more than for the same indicator on October 1 in 2012. Pretax earnings of Russian insurance companies of the INGO Group for 9 months of 2013 are equal to RUB 1.5 bn, which is 58% less than for the same period in 2012. Net profit of Russian insurance companies of INGO Group in the three quarters of 2013 was RUB 1 bn, which is by 62% less than in the 9 months of 2012. The main reason for the decline of the companies' pre-tax earnings and net profit is a challenging situation in the car insurance market due to the change of legal usage in car insurance starting from the second six months of 2012 which resulted in significant increase of losses in this type of insurance.

*The data are presented in compliance with the national standards, including incoming reinsurance and excluding Compulsory Medical Insurance.

**To compare these values, the section of the present release that is dedicated to insurance settlement payments has been prepared on the basis of Form 1-C.