9 Apr 2018 14:44

Ingosstrakh net profit down 22% in 2017 to 10.4 bln rubles

MOSCOW. April 9 (Interfax) - Ingosstrakh 2017 net profit to IFRS slumped 22% compared with 2016 to 10.4 billion rubles, according to a company report.

Premium income was down 2% to 99.5 billion rubles, with benefits paid up 5.6% to 44.3 billion rubles.

Acquisition expenses were down 5% to 16.9 billion rubles. Results from insurance operations were down 19% to 19.5 billion rubles.

Assets were up 7.5% to 223.9 billion rubles.