Rating Information

05.06.2018 Rating Agency ACRA increased the credit rating of A(RU) of Joint stock company “Russian reinsurance company” (Russian Re) (Russia). The outlook is stable.

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10.08.2018 A.M. Best has assigned a Financial Strength Rating of B (Fair) and a Long-Term Issuer Credit Rating of bb+ to Russian Re. The outlook assigned to these Credit Ratings is stable

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Accounting

Russian Remanagement pays significant attention to maintaining the financial transparency of the Company and completely automating paperwork.
Russian Reaccounting and analysis systems provide real-time financial results along any lines of business. Highly reliable server equipment ensures the reliability and security of information.

Actuarial analysis is conducted for contract quotations, which influences the tariff policy of the company.

The Company’s financial reporting is audited annually in compliance with Russian and international standards. Since 2008, the auditor of the Russian Reinsurance Company is one of the world leaders in this area – BDO Unicon

Investments

Russian Reinsurance Company pursues a conservative investment policy.

The key principles for the investment of own assets and insurance reserves consist in limiting credit, market and foreign exchange investment risks, maintaining them within acceptable company boundaries, ensuring the timely discharge of obligations, and achieving maximum earning power at the predetermined risk level.

Investment trends are also limited by applicable legislation. Taking these factors into consideration, the company invests funds in deposits held with leading banks, and in real estate.

Key Financial Figures


as at 31 Dec 2017RUB '000 USD '000

Gross written premium

935 399

16 240

Net premiums earned

655 368

11 378

Claims incurred, net of reinsurance

(321 999)

(5 590)

Investment income

42 655

741

Profit after taxation

84 966

1 475

Total shareholders` equity, inc.

753 653

10 417

Share capital

600 000

10 471

Insurance reserves

1 288 140

22 363

($1 = RUB 57.6002)

Financial statements for the year Ended 31/12/2017

Financial statements for the year Ended 31/12/2016

Financial statements for the year Ended 31/12/2015

Financial statements for the year Ended 31/12/2014

Financial statements for the year Ended 31/12/2013

Financial statements for the year Ended 31/12/2012

License 0235 dd 03.09.2015



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