For the period from June 30, 2020 to June 30, 2021, total assets of Russian insurers increased by 13.7% and amounted to RUB 4.1 trillion (EUR 47.39 billion*), ASN reports with reference to the data of the Bank of Russia. At the same time, return on insurers' assets decreased to 5.6% from 8.1% a year earlier.

Total equity capital of insurers grew by 4.9% to RUB 912.9 billion, while their total charter capital increased by 2.7% to RUB 225.2 billion. Return on equity of insurers fell to 24.5% (vs 33.7% a year earlier).

Total insurance reserves of Russian insurers amounted to RUB 2.6 trillion, which is 16.8% more y-o-y, including reserves under life insurance contracts, which increased by 18.1% to RUB 1.39 trillion, and insurance reserves of non-life insurance, which increased by 15.4% to RUB 1.2 trillion, said Finmarket.

The insurers' net profit in the first half of 2021 amounted to RUB 99.5 billion, having decreased by 18.3% compared to the first half of 2020.

* at the following exchange rate:

1 EUR = 86.5118 RUB (01.07.2021)