Based on the preliminary data, in 2018 profit of ROSGOSSTRAKH for the first time during the last 3 years amounted to RUB 6 billion.

At that the insurer's GWP in 2018 reached only RUB 70 billion, which is 12% less y-o-y, as mentioned in the official statement of the OTKRYTIE bank.

According to the head of OTKRYTIE bank, Mikhail ZADORNOV, the insurer's financial recovery is completed. "In terms of insurance the company is improving, and now its main task is to increase GWP volume, while maintaining the profitability at 2018 level", he explained. As ZADORNOV noted, reduction of MTPL loss ratio made the major contribution to the improved financial results.