RUSSIA: FOR 9 MONTHS RETURN ON EQUITY ON TOP – 5 INSURERS AMOUNTED TO 40.6%

According to the financial results as of the end of the 3rd quarter, the return on equity of TOP-5 Russian insurers amounted to 40.6%, the report on financial stability prepared by the Bank of Russia shows.

In 1H2018 TOP-5 local insurers included SOGAZ, SBERBANK Life Insurance, VTB Insurance, AlfaStrakhovanie and RESO-Garantia. As the regulator noticed, profits are highly concentrated by the biggest insurers on the market.

Based on the financial results of the 3rd quarter, return on equity of non-life insurers went up to 26.4% (vs 10.7% a year ago). According to the regulator, increase of return on equity is based mainly on improvement of the insurance activity and stabilization of financial condition of ROSGOSSTRAKH.

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