OREANDA-NEWS. October 29, 2009. According to the preliminary data, over nine months of 2009, total insurance premium of the companies in the INGO Group – Ingosstrakh IJSC (Russia), SOFAG (Germany), INGO Ukraine (Ukraine), INGO Ukraine-Life (Ukraine), Garant (Austria), IngoNord (Finland), BelIngostrakh (Republic of Belarus), INGO Armenia (Republic of Armenia), Kyrgyzinstrakh (Kyrgyz Republic), INGO Uzbekistan (Uzbekistan), Ingosstrakh Life (Russia), Ingosstrakh-M (Russia), Emergency Insurance Company (Russia), EMESK (Russia), Ingosstrakh ONDD Credit Insurance (Russia) – amounted to RUB 57.7bln, which is 10% more than last year . Compensations paid by these companies in the reported period totaled RUB 41.5bln, which is 31% more than last year.

Total premium of the Russian companies in the Group (Ingosstrakh IJSC, Ingosstrakh-M, Ingosstrakh-Life, emergency Insurance Company, EMESK, Ingosstrakh ONDD Credit Insurance) for direct insurance and risks accepted for reinsurance over January-September 2009 amounted to RUB 52.4bln, which is 12% more than in 2008, including for Ingosstrakh-M and EMESK – RUB 13.7bln.  Payments of the Russian companies over 9 months 2009 totaled RUB 38.2bln – by 38% more last year. This is primarily explained by an increase in payments under voluntary motor insurance by RUB 3.9bln, under voluntary medical insurance – by over RUB 1.6bln, as well as payment of the damage of RUB 1.1bln to Kosmicheskaya Svyaz for partial loss of space vehicle Express-AM2.  

Total insurance premium of Ingosstrakh IJSC over 9 months of 2009 totaled RUB 37.5bln, which is 8% more than in the same period of 2008, including for direct insurance transactions – RUB 34.4bln (an increase of 10%) and for inwards reinsurance – RUB 3.1bln. 

For voluntary insurance, other than life insurance (including inwards reinsurance) Ingosstrakh’s premium over the reported period amounted to RUB 33.2bln (an increase of 7%), including for personal insurance (except life insurance) –  RUB 4.8bln (an increase of  8%), for property types of insurance – RUB 25.3bln (an increase of 6%), for voluntary liability insurance – RUB 3.1bln (an increase of 14%).

For compulsory motor TPL insurance, premium over 9 months totaled RUB 4.3bln (an increase of 17%).

In January-September 2009, total payments by Ingosstrakh IJSC amounted to RUB 24.2bln, which is an increase of 40% as compared with the same period of 2008. Payments for direct insurance transactions – RUB 22.3bln (an increase of 51% because of the above factors), and for inwards reinsurance transactions – RUB 1.9bln (a decrease of 24%).

For voluntary insurance, other than life insurance (including payments under inwards reinsurance) the company paid RUB 21.8bln, of them for personal insurance (except life insurance) – RUB 4.3bln, for property insurance – RUB 16.2bln, for voluntary liability insurance – RUB 1.3bln. Payments under compulsory motor TPL insurance over 9 months 2009 totaled RUB 2.4bln.

In the reported period, the assets of Ingosstrakh IJSC, Ingosstrakh-Life, Ingosstrakh-M, Emergency Insurance Company. EMESK and Ingosstrakh ONDD Credit Insurance increased by 8% as compared with the period till 1.10.2008 and totaled RUB 69.4bln. An increase in insuranc reserves of the Russian companies of INGO Group totaled 4%, in absolute terms insurance assets make RUB 47.6bln.  Total equity amounted to RUB 15.8bln, which is 24% more than for the period till 1.10.2008. Profit before tax of these companies over 9 months 2009 amounted to RUB 3.1bln.