RUSSIA: GWP of the ROSGOSSTRAKH group increased by more than 20% y-o-y in 1H

31 August 2021 — Marina MAGNAVAL
GWP of the ROSGOSSTRAKH group, included in the TOP-10 insurers, in 1H2021 reached RUB 60.5 billion (~EUR 0.7 billion*), which is 20.5% more y-o-y in local currency, and the profit amounted to RUB 1.5 billion, ASN reports with reference on the data of the group's interim consolidated financial statements (non-life insurance company ROSGOSSTRAKH and life insurer ROSGOSSTRAKH Life).

The group recorded the most impressive growth rates in personal insurance, GWP in which grew by RUB 5.5 billion in the first half of the year compared to the same period of 2020. The group's GWP under life insurance contracts and related types of insurance also increased (by RUB 2.3 billion), as well as under motor insurance contracts (by RUB 1.9 billion), and contracts for other types of non-life insurance (by RUB 0.8 billion).

In the first six months of the year, total assets of the ROSGOSSTRAKH group increased from RUB 187.7 billion (in 1H2020) to RUB 190.9 billion, according to the insurer's press service.

* at the following exchange rate:

1 EUR = 86.5118 RUB (01.07.2021)

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