RUSSIA: GWP of RESO-Garantia went up by 3.5% y-o-y as of the end of September

Net profit of RESO-Garantia from January to September this year increased by 18% y-o-y and amounted to RUB 16.2 billion, as announced by the insurer.

The company's GWP during the period under consideration amounted to RUB 68.7 billion, which is 3.5% more than a year ago. Paid claims dropped by 6% to RUB 32.8 billion. The insurer's assets went up by 16% and obligations rose by 7%.

Based on the official results of the first half of the year, RESO-Garantia takes 5th place in the total market ranking and the leading position in the MTPL segment for 2018.

*EUR 1 = RUB 76.2294 (as of 30.09.2018)

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