OREANDA-NEWS. May 25, 2009. According to the results of investment operations conducted by Allianz ROSNO Life in 2008, actual rate of return for accrual of additional investment income on the accumulative life and pension insurance policies equalled 7.5% p.a. The actual rate of return includes the guaranteed rate of return and the client’s interest in the company’s earnings, reported the press-centre of ROSNO.

Allianz ROSNO Life has announced the year 2008 rate of return under the accumulative life and pension insurance programs at 7.5% p.a. The clients who concluded life insurance contracts prior to 2008 and the life insurance contracts on a lumpsum payment basis in 2008, provided that, as of the end of 2008, such contracts had been in effect for at least 91 day, will participate in the distribution of profit earned by the company in 2008. The earned profit has made it possible to accrue additional income on the life insurance contracts with investment component, thereby increasing their respective insurance amounts and redemption values.

This level of return has been achieved through Allianz ROSNO Life’s life insurance reserves investment strategy oriented towards stability and long-term positive results. This strategy contemplates the following:

strict requirements with regard to the structure of investment portfolio

partners’ international ratings of at least BB are imperative
regular monitoring of the counterparties’ financial condition and market analysis.

In conducting its investment operations, Allianz ROSNO Life complies not only with the Russian legislation, but also with the international investment security requirements of its shareholder Allianz. In particular, the company maintains parity between its assets and liabilities in terms of maturity and currency structure.

This investment strategy is implemented by the asset management company Allianz ROSNO Asset Management, a subsidiary of ROSNO Group.

"Life insurance is, above all, an instrument of financial protection and safekeeping of cash. Our clients invest cash for very long-term periods. The average insurance period under the policies issued by Allianz ROSNO Life is 19.5 years. Therefore, our investment strategy is guided not so much by the need for rapid investment gains as by the need for high reliability; therefore, we turn our clients’ attention to our long-term stability. In 2008, Allianz ROSNO Life invested in stocks just 5% of its reserves, while 38% of reserves were invested in federal securities, 6% in corporate bonds and 44% in deposits placed with reliable prime-rated banks. It is this approach that has enabled us to provide our clients a 7.5% yield on policies in 2008, demonstrating positive dynamics versus the 6.5% yield of the year 2007", commented on the results of investment operations Mr. Alexei Rudenko, Deputy CEO of Allianz ROSNO Life.