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Allianz Ukraine Insurance Company summered up results of its operation for the first six months 2008.
As at July 01, 2008, the Company collected insurance premiums in the amount of UAH 97.410 million. Thus, the rate of growth of this indicator compared to the analogous period in 2007 was 202.9%. 56.9% of total scope of premiums are premiums under motor insurance agreements (motor hull insurance), premiums under property insurance agreements are 18.0%, and premiums under personal insurance agreements (excluding life insurance) are 17.0%. Other insurance types make 8.1% of the premiums collected.
Insurance reserves of the Company, as at the reported date, was UAH 91.429 million, which demonstrates growth of Allianz Ukraine reserves by 41.0% compared to the data for 6 months 2007.
For the first six months 2008, Allianz Ukraine Ins.Co. paid out UAH 56.221 million. Compared to results for the analogous period in 2007, this indicator increased by 183.5%. In total structure, considerable share of payments under motor insurance agreement is 67.1%, under property insurance agreements – 5.0%, under personal insurance agreements (excluding life insurance) - 14.3%.
At the same time, authorized capital of Allianz Ukraine Ins.Co., increased by 50.1% compared to the indicator as at July 01, 2007, and was UAH 144.310 million.
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Indicator
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6 months, 2007
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6 months, 2008
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Rate of growth, %
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Insurance premiums, in UAH million
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48.010
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97.410
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202.9%
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Insurance payments, in UAH million
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19.831
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56.221
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283.5%
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Authorized capital, in UAH million
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96.155
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144.310
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150.1%
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Insurance reserves, in UAH million
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64.844
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91.429
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141.0%
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“I am contented with the work done by our team within the first half-year. It was aimed at provision of reliability and steadiness of the Company in the insurance market, and, in my opinion, we have succeeded. One of principal priorities for All³anz Ukraine is formation of a well-balanced risk portfolio. We continue to increase the scope of insurance reserves in order to have a possibility to timely response to any loss occurrence, - Joachim Wessling, Allianz Ukraine Ins.Co. Director General commented on results for the first six months 2008. – Doubled indicator of the collected premiums and the amount of insurance payments demonstrate that more and more Ukrainians are choosing All³anz, and not only because we are part of a strong international brand, but also because even here, in Ukraine, we perform our obligations towards the customers in the full scope”. |
