OREANDA-NEWS. November 8, 2011. For 9 months 2011 Allianz Ukraine collected insurance premiums of UAH 116,650.6 thousand, which is 74.1% up compared to the same period in 2010.

The main business lines of the Company remain property insurance (percentage in the portfolio - 38%), voluntary medical insurance (percentage in the portfolio – 24.4%), motor hull insurance (percentage in the portfolio – 12.9%), voluntary third party liability insurance (percentage in the portfolio – 9.4%), cargo and luggage insurance (percentage in the portfolio – 6.2%), financial risk insurance (percentage in the portfolio – 4.2%). Other types of insurance account for 4.9% of premiums collected.

The company’s insurance reserves as of the reporting date amount to UAH 128,074.6 thousand. Thus, this indicator grew by 42.5% compared to the result in the first 9 months of 2010.

For three quarters 2011, Allianz Ukraine Insurance Company paid out UAH 29,845.6 thousand. Compared to results for the same period in 2010, the scope of insurance indemnities has grown by 20.7%.

Allianz Ukraine authorized capital amounted to UAH 174,041.3 thousand, which is 21.7% up compared to the same in the first 9 months of 2010.

"This year, Allianz Ukraine growth dynamics is again satisfactory. The rate of growth in insurance premiums, according to 9 months' results, is one of the highest in the market. It is important that we have nevertheless managed to preserve a solid and profitable portfolio structure. The biggest percentage of payments (38%) accounts for property insurance, which is fully meeting the company's development strategy. Currently, we are acting properly to complete the year of 2011 as successfully as we performed in the first 9 months of 2011" – said Harry Andreasian, Allianz Ukraine CEO.