OREANDA-NEWS. March 14, 2011. The management of Ingosstrakh OJSIC was indignant and confused to find out from the interview with the Director General of Generali PPF Holding, Ladislav Bartonichek, published in the newspaper Vedomosti dated March 3, 2011, about the negative evaluation of the activity of Ingosstrakh OJSIC. In particular, the article says that “the company’s income is decreasing”. Below you will see the key financial indicators of the work of Ingosstrakh OJSIC in the past five years, which testify to stable and sustainable company development. This data was made public by the insurer, published in official reports, mass media, open sources, submitted to insurance supervision authorities:

Net profit of Ingosstrakh OJSIC by Russian Accounting Standards, in thou. rubles

 

2006

2007

2008

2009

2010

Net profit  

1 910 329

2 075 449

766 862

1 615 338

2 608 026

The financial indicators above testify to deliberate distortion of facts about financial standing of Ingosstrakh OJSIC.

Always acting in accordance with the Russian laws, we must acknowledge that the business practices of PPF Investments (PPFI) leave the business circles puzzled. The actions of PPFI representatives, described, in particular, in the newspaper Kommersant dated 04.03.2011 in the article “Investigation evaluated the insurance case”, devoted to the address of unknown persons to allegedly high-ranking Russian officials for settlement of conflict around the portfolio of shares of Ingosstrakh OJSIC, are on the verge of violating RF civil and criminal legislation. If the actions of PPFI representatives, described by the newspaper, are confirmed, they should be checked by competent authorities.