RUSSIA: Growth of more than 58% y-o-y for ROSGOSSTRAKH's H12019

From January to June 2019, ROSGOSSTRAKH's total net profit increased by 58.3% y-o-y, to RUB 3.8 billion (~EUR 52.91 million), ASN reports.

The insurer's GWP over the first six months of the year amounted to RUB 36.9 billion (+31% y-o-y). According to the company, the highest growth was recorded in GWP for personal insurance types (+218%) and MTPL (+16%). The company's market share reached approximately 12%.

Thanks to a 32% reduction of MTPL paid claims, the company's total paid claims decreased by 23%, during the period, to RUB 17 billion.

In 1Q2019, ROSGOSSTRAKH ranked 7th in the market in terms of GWP.

*EUR 1 = RUB 71.8179 (01.07.2019)

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