OREANDA-NEWS. April 27, 2011. According to preliminary estimates, the total amount of receipts of INGO Group companies – Ingosstrakh OJSIC (Russia), INGO Ukraine (Ukraine), INGO Ukraine-Life (Ukraine), IngoNord (Finland), Belingostrakh (Republic of Belarus), INGO Armenia (Republic of Armenia), Kyrgyzinstrakh (Kyrgyz republic), INGO Uzbekistan (Uzbekistan), IC Ingosstrakh-Life LLC (Russia), IC Ingosstrakh?M LLC (Russia), Emergency Insurance Company OJSC (Russia), OJSC MIC EMESK (Russia), Ingosstrakh ONDD Credit Insurance LLC (Russia) – reached approximately 18.0 bn rubles in Q1, 2011, which is 5.2 % higher than the same indicator of the previous year. The payments of these companies for the reporting period amount to 11.8 bn rubles, which is 4.9 % less than the same indicator in 2010.

The aggregate amount of the premium of Russian companies of INGO Group (Ingosstrakh OJSIC, IC Ingosstrakh-M LLC, IC Ingosstrakh-Life LLC, Emergency Insurance Company OJSC, OJSC MIC EMESK, Ingosstrakh ONDD Credit Insurance LLC) on direct insurance operations and risks accepted for reinsurance in Q1 2011 amounted to 17.3 bn rubles, which is 5.6 % higher than the same indicator for the previous period of 2010, in particular for IC Ingosstrakh-M LLC and OJSC MIC EMESK – 4.9 bn rubles. The payments of companies of the Russian group for Q1 2011 amounted to 11.5 bn rubles, which is 3.4 % less than for Q1 2010.

The aggregate amount of premium collected by Ingosstrakh OJSIC in Q1 2011 amounts to 11.5 bn rubles, which is 4.6 % more than the amount of the same period of 2010; in particular, 10.6 bn rubles was obtained from direct insurance operations and 0.9 bn rubles from incoming reinsurance operations.

Ingosstrakh’s receipts from voluntary insurance other than life insurance (including incoming reinsurance) reached 10.1 bn rubles, including receipts from personal insurance (except for life insurance) that reached 1.9 bn rubles, property insurance – 7.3 bn rubles, voluntary liability insurance – 0.9 bn rubles.

 The highest pace of premium growth was recorded in the following kinds of activity:

agricultural insurance – 60.4 %;

air transport insurance – 40.4 %;

water transport insurance – 20.9 %;

The collection of insurance premium under MTPL in Q1, 2011 reached 1б4 bn rubles (5.8 % growth).

The aggregate amount of Ingosstrakh OJSIC payments in Q1 2011 reached 7.2 bn rubles, which is 6 % less in comparison with Q1 2010. The payments under direct insurance operations amounted to 6.5 bn rubles, under incoming reinsurance operations – 0.7 bn rubles.

The company payments under voluntary insurance other than life insurance (including incoming reinsurance payments) reached 6.3 bn rubles, of this sum – 1.2 bn rubles from personal insurance (other than life insurance), 4.9 bn rubles from property insurance, 0.2 bn rubles from voluntary liability insurance. Payments under MTPL in Q1 2011 reached 0.9 bn rubles (decrease by 1.8 %).

In the reporting period, the assets of Ingosstrakh OJSIC, IC Ingosstrakh-M LLC, IC Ingosstrakh-Life LLC, Emergency Insurance Company OJSC, OJSC MIC EMESK, Ingosstrakh ONDD Credit Insurance LLC amounted to 72.4 bn rubles. Insurance reserves of Russian INGO Group companies amount to 47.1 bn rubles. The equity as of 1.04.2011 reached 18.9 bn rubles, which is 19.7 % more than the same indicator as of 1.04.2010. Pretax profit of these companies at the end of Q1 2011 amounted to 1.5 bn rubles by preliminary estimates, which is 60 % more than in the first three months of the previous year.