RUSSIA: from January to September GWP of INGOSSTRAKH grew by 5% y-o-y, while paid claims decreased by the same value

28 October 2020 —
From January to September 2020, GWP of INGOSSTRAKH amounted to RUB 88 billion (EUR 0.95 billion*), which is 5% more y-o-y. Of that amount RUB 80.2 billion (+2%) were received under direct insurance, and RUB 7.8 billion - from inward reinsurance (+33% y-o-y), according to the company.

At the same time, the insurer's paid claims in general for the period decreased by 5%, to RUB 37.5 billion, due to a significant drop of paid claims under inward reinsurance operations (-63%).

Investment income of INGOSSTRAKH for 9 months of the year grew by 46% y-o-y, to RUB 9.2 billion (+108%). The insurer's assets at the end of September amounted to RUB 201.8 billion, and equity increased to RUB 84.9 billion.

INGOSSTRAKH has been working in the international and domestic markets since 1947. According to the market results of the first half of 2020, the company ranks third in the total ranking with a market share of 6.82%.


* at the following exchange rate:
EUR 1 = RUB 92.4302 (as of 01.10.2020)



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