General Information Date of foundation: February 19, 2001 License for Reinsurance № П 3486 77 of...
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![Page 1: General Information Date of foundation: February 19, 2001 License for Reinsurance № П 3486 77 of June 7, 2007 by Federal Agency of Insurance Supervision.](https://reader035.fdocuments.us/reader035/viewer/2022062620/551aaa3b550346856e8b4aa4/html5/thumbnails/1.jpg)
![Page 2: General Information Date of foundation: February 19, 2001 License for Reinsurance № П 3486 77 of June 7, 2007 by Federal Agency of Insurance Supervision.](https://reader035.fdocuments.us/reader035/viewer/2022062620/551aaa3b550346856e8b4aa4/html5/thumbnails/2.jpg)
General Information
![Page 3: General Information Date of foundation: February 19, 2001 License for Reinsurance № П 3486 77 of June 7, 2007 by Federal Agency of Insurance Supervision.](https://reader035.fdocuments.us/reader035/viewer/2022062620/551aaa3b550346856e8b4aa4/html5/thumbnails/3.jpg)
• Date of foundation: February 19, 2001• License for Reinsurance № П 3486 77 of
June 7, 2007 by Federal Agency of Insurance Supervision
• Shareholder : 100% JSC «Alex Group» :• Paid authorized capital stock: RUR
120 000 000 Declared authorized capital stock: RUR 500 000 000 – to 01.07.2008 RUR 1 000 000 000 – to 01.01.2009
• Insurance reserves (on 01.10.2007)– RUR 59 400 000
![Page 4: General Information Date of foundation: February 19, 2001 License for Reinsurance № П 3486 77 of June 7, 2007 by Federal Agency of Insurance Supervision.](https://reader035.fdocuments.us/reader035/viewer/2022062620/551aaa3b550346856e8b4aa4/html5/thumbnails/4.jpg)
Mission of Profile Re is to increase reliability of insurance within Russia and all over the World. By rendering high-quality proficient services we aim at leadership in reinsurance.
Profile Re is a trustworthy partner in reinsurance.
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Profile Re’s Performance Standards
Quotation of facultative slips during 1 hour
Accept slips during 1 working day(always with the date of receiving of the offer)
Payment of indemnity on the next day after receiving all relevant documents .
![Page 6: General Information Date of foundation: February 19, 2001 License for Reinsurance № П 3486 77 of June 7, 2007 by Federal Agency of Insurance Supervision.](https://reader035.fdocuments.us/reader035/viewer/2022062620/551aaa3b550346856e8b4aa4/html5/thumbnails/6.jpg)
Figures and facts
![Page 7: General Information Date of foundation: February 19, 2001 License for Reinsurance № П 3486 77 of June 7, 2007 by Federal Agency of Insurance Supervision.](https://reader035.fdocuments.us/reader035/viewer/2022062620/551aaa3b550346856e8b4aa4/html5/thumbnails/7.jpg)
2003 2004 2005 20062007,
9 months
Authorized capital stock 40,0 120,0 120,0 120,0 120,0
Written Premium 21,6 40,6 41,8 85,5 105,2
Paid Losses 5,5 16,1 23,4 37,0 48,5
Own assets 46,5 127,1 127,1 135,8 156,8Operation expenses 7,0 12,9 17,4 21,1 16,6Operation expenses ratio, %
26% 29% 38% 24% 16%
Net profit 0,9 0,6 0,004 8,6 16,6
Dynamic of Basic Figures, mln RUR
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Dynamic of written premium and losses, mln. RUR
0
20
40
60
80
100
120
2003 2004 2005 2006 2007,9months
WrittenPremium,mln. RUR
Paidlosses,mln. RUR
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0
2
4
6
8
10
12
14
16
18
2003 2004 2005 2006 2007, 9 months
Dynamic of Net Profit, mln. RUR
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Kind of assetTotal sum of assets
on 01.07.2007, Own assets
settled by LowReserves
Own assets in excess of settled
by LowAvailable assets
Deposits in banks with Rating 60,0 48,0 12,0 - -
Deposits in banks without Rating 34,3 24,0 10,0 0,3 -
Settlement account 70,8 40,6 22,7 4,5 2,9
Real estate 6,3 6,3 - - 0,1Fixed assets other
then real estate 1 ,1 1,1 - - 0,1
Reinsurance receivable 39,9 - 13,7 - 26,2
Other receivable 4,5 - - - 4,5
Reinsurers’ share in reserves 0,9 - 0,9 - -
Funds held by ceding companies 0,5 - 0,5 - -
Shares of other organisations 33,2 - - 33,2 -
Total 251,8 120,0 60,0 38,0 33,9
Spread of own assets, mln. RUR
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Rating agency Rate Description
Expert RA «А» High level of reliability. In a short-term period company can guarantee with confidence fulfillment of all undertaken obligations: current and running out of reinsurance operations. Fulfillment of medium-term obligations requiring considerable expenses extensively depends on stability of Macroeconomic and Insurance Market activities.
Rating of reliability