OREANDA-NEWS. July 28, 2011. Over the first 6 months 2011, Allianz Ukraine Insurance Company has collected UAH 79,038 thousand of insurance premiums, which is 71.2% more than over the same period 2010.

Allianz Ukraine Insurance Company portfolio is balanced. The main business lines of the Company remain property insurance (percentage in the portfolio - 43.4%), voluntary medical insurance (percentage in the portfolio – 30.3%), motor hull insurance (percentage in the portfolio – 10.0%), cargo and luggage insurance (percentage in the portfolio – 8.1%), voluntary third party liability insurance (percentage in the portfolio – 6.4%). Other types of insurance account for 1.8% of premiums collected.

The company’s insurance reserves as of the reporting date amount to UAH 99,845.5 thousand. Thus, this indicator grew by 19.5% compared to the result for 6 months 2010.

In the first half-year 2011, Allianz Ukraine Insurance Company paid UAH 22,396.9 thousand. Compared to results for the same period 2010, the scope of insurance indemnities has grown by 47%. In total structure, the percentage of payments under voluntary medical insurance agreements is equal to 55.5%, under property insurance agreements – 26.0%, under car insurance (motor hull insurance) agreements – 14.9%, while payments under other types of insurance agreements account for 3.6%.

Authorized capital of Allianz Ukraine Insurance Company amounted to UAH 174,041.3 thousand, which is 21.7% more than the figure for the first half-year 2010.

Indicator

6 months 2010

6 months 2011

Rate of growth, %

Insurance premiums, thousand UAH

46,162.5

79,038.0

+71.2%

Insurance payments, thousand UAH

15,235.2

22,396.9

+47.0%

Authorized capital, thousand UAH

143,041.3

174,041.3

+21.7%

Insurance reserve, thousand UAH

83,531.6

99,845.5

+19.5%

 “We are very much satisfied with the company performance in the first half-year 2011. We are pleased that the highest rates of growth were registered in the strategic business lines, primarily in the corporate segment, including corporate property insurance, luggage and shipment insurance, as well as voluntary medical insurance, - says Harry Andreasian, Allianz Ukraine CEO. – Another evidence of our successful operation is high positions of the company in the rating of Ukrainian Insurers prepared by Insurance Top magazine based on Q1 2011 results. Allianz Ukraine Insurance Company is on the top-3 list by corporate property insurance and on the top-10 list by corporate insurance in general. We hope that the positive dynamics of growth will be preserved in the second half-year as well”.