OREANDA-NEWS. Cumulative amount of fees collected by companies of INGO Group - Ingosstrakh Insurance Company (Russia), INGO Ukraine (Ukraine), INGO Ukraine LIFE (Ukraine), BelIngosstrakh (the Republic of Belarus), INGO Armenia (the Republic of Armenia), Kyrgyzinstrakh (Kirghizia), INGO UZBEKISTAN (Uzbekistan), Ingosstrakh-Life Insurance Company Limited (Russia), Chrezvychinaya strakhovaya kompanya OJSC (Russia), Ingosstrakh ONDD Kreditnoye Strakhovanye LLC (Russia) totaled RUB 21.8 b, which is 9% higher than in the same period last year. Settlements paid by the companies over the reporting period equal to RUB 13.1 b**, which is 17% more than in the same period in 2013.

Cumulative amount of premium collected by Russian companies of INGO Group (Ingosstrakh Insurance Company, Ingosstrakh-Life Insurance Company Limited, Chrezvychinaya strakhovaya kompanya OJSC, Ingosstrakh ONDD Kreditnoye strakhovanye LLC) for direct insurance transactions and reinsured risks in Q12014 grew by 10%, as compared to the same period in 2013, to RUB 20.9 b. Settlements paid by the Russian companies over the 3 months of 2014 equal to RUB 12.6 b, which is 18% more than in the same period in 2013.

Cumulative amount of premium collected by Ingosstrakh Insurance Company over the reporting period is RUB 19.8 b, representing an 11% growth as compared to the same period in 2013, including RUB 18.6 b received as premium for direct insurance transactions and RUB 1.2 b - for incoming reinsurance.

Fees collected by Ingosstrakh Insurance Company for optional insurance other than life insurance amounted to RUB 17.8 b, of which RUB 3.4 b were received for personal insurance, RUB 13.4 b - for property insurance, RUB 923 m - for liability insurance, and RUB 112.6 m - for entrepreneurial and financial risk insurance.

Premium collected for compulsory insurance of hazardous facility owner against infliction of harm due to an accident at hazardous facility totaled RUB 293 m, while that for compulsory insurance of carrier's third-party liability to passengers amounted to RUB 207 m.

Insurance premium collected in Q1 2014 for Compulsory motor third-party liability insurance (CMTPLI) was RUB 1.5 b, while SMTPLI settlements over the 3 months of 2014 amounted to RUB 1.4 b.

The highest growth rates were registered in the following business areas: judicial entity insurance - 251%, entrepreneurial and financial risk insurance - 101%, health and accident insurance - 59%, compulsory insurance of carrier's third-party liability to passengers - 23%.

Total amount of settlements paid by Ingosstrakh Insurance Company over the 3 months of 2014 is estimated at RUB 12 b, outgrowing the same period in 2013 by 14%, with RUB 11.3 b paid under direct insurance transactions and RUB 0.7 b - under incoming reinsurance transactions.

The company paid RUB 10.6 b under optional insurance other than life insurance (including incoming reinsurance settlements), of which RUB 1.5 b paid under personal insurance, RUB 8.4 b - under property insurance, RUB 509 m - under liability insurance, and RUB 110.2 m - under entrepreneurial and financial risk insurance. Settlements under compulsory insurance of hazardous facility owner against infliction of harm due to an accident at hazardous facility over Q12014 totaled RUB 7.2 m.

In the reporting period assets held by Ingosstrakh Insurance Company, Ingosstrakh-Life Insurance Company Limited, Chrezvychinaya strakhovaya kompanya OJSC, Ingosstrakh ONDD Kreditnoye Strakhovanye LLC amounted to RUB 104 b. Insurance reserves of Russian companies of INGO Group equal to RUB 71.4 b. Own capital as of April 1st, 2014 reached the point of RUB 24.1 b, which represents growth on YoY basis. Over the 3 months of 2014 Russian insurance companies of INGO Group registered RUB 92.5 m of pre-tax profit. Net profit registered by Russian insurance companies of INGO Group over the 1st quarter 2014 amounted to RUB 12 m.

*Data according to national standards, including incoming reinsurance and excluding compulsory medical insurance.

**For data comparability the settlement part of this press release has been made in compliance with 1-C Form data.