The company's activity has a high level of geographical diversification (for 9 months in 2018 the share of the largest region in premiums (Moscow) amounted to 29.4%). However, among negative rating factors the agency noted low diversification of the insurance portfolio (the share of investment life insurance in 3Q2018 amounted to 87.7%), low diversification of sales channels (90.8% of GWP for 3Q2018 generated through banks), high dependence on the main partner bank and extremely high growth rates of GWP (for 3Q2018 premiums went up by 83.2% y-o-y).
Positive rating factors include high return on equity (75.9% for 3Q2018), high quality of the insurer's assets. According to Expert-RA, as of 30.09.2018 the insurer's assets amounted to RUB 29.2 billion, equity - RUB 1.6 billion, charter capital - RUB 350 million. For 9 months in 2018 the company generated RUB 18 billion of GWP and ranked 5th in the total market ranking in terms of premium volume.
*1 EUR = 76.2294 RUB (September 30th, 2018)
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