Rating Information
29.04.2022 Rating Agency ACRA affirmed the credit rating of Joint stock company “Russian reinsurance company” (Russian Re) (Russia) at A+(RU) . The outlook is stable.
Accounting
Russian Re management pays significant attention to maintaining the financial transparency of the Company and completely automating paperwork.
Russian Re accounting 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
Investments
Russian Reinsurance Company pursues a conservative investment policy.
The key principles for the 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
RUB '000
RUB '000
2020 |
2021 | |
Gross written premium |
1 881 599 |
2 274 62 |
Net premiums earned |
1 222 410 |
1 487 697 |
Claims incurred, net of reinsurance |
(539 946) |
(758 953) |
Investment income |
147 336 |
115 072 |
Profit after taxation |
315 502 |
286 858 |
Total shareholders` equity, inc. |
1 449 589 |
1 130 162 |
Share capital |
600 000 |
600 000 |
Insurance reserves |
2 950 515 |
5 770 785 |
Financial statements for the year Ended 31/12/2020
Financial statements for the year Ended 31/12/2019
Financial statements for the year Ended 31/12/2018
Financial statements for the year Ended 31/12/2017
Financial statements for the year Ended 31/12/2016
Financial statements for the year Ended 31/12/2015
Financial statements for the year Ended 31/12/2014
Financial statements for the year Ended 31/12/2013
Financial statements for the year Ended 31/12/2012