Rating Information
On December 20, 2011 A.M. Best has affirmed ratings of Russian Reinsurance Company: financial strength rating of B+ (Good) and issuer credit rating of “bbb-”. The outlook for both ratings is stable.
Accounting
Russian Rešmanagement pays significant attention to maintaining the financial transparency of the Company and completely automating paperwork.š
Russian Rešaccounting and analysis systems provide real-time financial results along any lines of business. Highly reliable server equipment ensures the reliability and security of information.
Actuarial analysis is conducted for contract quotations, which influences the tariff policy of the company.
The Company’s financial reporting is audited annually in compliance with Russian and international standards. Since 2008, the auditor of the Russian Reinsurance Company is one of the world leaders in this area – BDO Unicon.
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Investments
Russian Reinsurance Company pursues a conservative investment policy.
The key principles for thešš investment of own assets and insurance reserves consist in limiting credit, market and foreign exchange investment risks, maintaining them within acceptable company boundaries, ensuring the timely discharge of obligations, and achieving maximum earning power at the predetermined risk level.
Investment trends are also limited by applicable legislation. Taking these factors into consideration, the company invests funds in deposits held with leading banks, and in real estate.
Key Financial Figures
as at 31 Dec 2009šššššššššššššššššššššššššššššššššššššššššššššš ššššš RUB '000ššššš ššš USD '000
as at 31 Dec 2009šššššššššššššššššššššššššššššššššššššššššššššš ššššš RUB '000ššššš ššš USD '000
|
šGross written premium |
š457 750š |
15 137š |
|
šNet written premium |
š301 794š |
9 980š |
|
šClaims incurred, net of reinsurance |
š112 839š |
3 731š |
|
šInvestments |
227 229š |
7 514š |
|
šInvestment income |
š19 755š |
653š |
|
šShare capital |
šš120 000š |
3 968š |
|
šTotal shareholders` equity |
š523 065š |
17 297š |
|
šTechnical provisions |
š516 868š |
17 092š |
|
šProfit after taxation |
š42 471š |
1 404š |
($1 = RUB 30.24)
šššš
Annual reports
License
Certificate
Annual report 2010
Annual report 2009
Annual report 2008
Annual report 2007
Annual report 2006
Annual report 2005
Annual report 2004
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Annual reports |
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License |
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Certificate |
Annual report 2010Annual report 2009Annual report 2008Annual report 2007Annual report 2006Annual report 2005Annual report 2004 |
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