RUSSIA: from January-June the accrued reinsurance premium of RNRC increased by 21% y-o-y

5 August 2019 — Marina MAGNAVAL
For the first half of the year, accrued reinsurance premium of the Russian National Reinsurance Company (RNRC) amounted to RUB 7.59 billion (~EUR 0.1 billion), which is 21% more y-o-y, the reinsurer reports.

The earned reinsurance premium amounted to RUB 6.15 billion (+31%). Paid claims for the period reached RUB 6.89 billion.

RNRC portfolio is mainly represented by corporate property insurance (68%), agroinsurance (14%) and aviation risk insurance (11%).

The reinsurer's net profit amounted to RUB 3.02 billion, which is 104% more y-o-y. According to RNRC, growing earned reinsurance premium and absence of large losses during the period made the key positive impact on the results.

*EUR 1 = RUB 71.8179 (30.06.2019)

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