The United Insurance Company demonstrates premiums increase on insurance and reinsurance operations under the acceptable class='text' loss ratio.
The UIC premiums of insurance operations in 2013 reached 2.135 billion rubles (22% of increase). Paid insurance losses in 2013 amounted 1.173 billion rubles (828 million rubles in 2012).
UIC insurance operations: premiums and losses dynamics
The written premiums of inward reinsurance operations in 2013 demonstrated 47.2% of increase and amounted 138.239 million rubles (93.899 million rubles in 2012). Paid losses of inwards reinsurance reached 87.158 million rubles (72.642 million rubles a year before).
UIC inwards reinsurance operations: premiums and losses dynamics
The loss ratio of reinsurance operations took a 14 percentage points turn to the better – the loss ratio amounted 77% in 2012, but it was reduced to 63% in 2013.