The net profit of Renaissance Insurance in 2023 amounted to 10.3 billion rubles
[ad_1]
Net profit of PJSC Renaissance Insurance Group at the end of 2023 amounted to record 10.3 billion rubles. according to IFRS against a loss of 2.1 billion rubles. in 2022. “Taking into account the positive dynamics of business development and high financial results,” the company’s board of directors recommended starting to pay dividends more often—once every six months. PJSC management recommended that the board of directors consider the issue of paying dividends for the year in the amount of approximately 1.3 billion rubles. (RUB 2.3 per share). After the publication of financial statements, the company’s shares on the Moscow Exchange decreased by 3.5%.
The group’s total insurance premiums for the period increased by 17.3% to RUB 123.4 billion. The group’s investment portfolio as of December 31, 2023 exceeded RUB 182 billion, having increased by 23%, or RUB 34 billion, since the beginning of 2023. The group’s payments for the entire 2023 amounted to 53.5 billion rubles, Interfax writes. Premiums for endowment life insurance increased by 59.9%, to RUB 32.2 billion. Premiums for voluntary medical insurance (VHI) increased by 15% and reached 10.1 billion rubles. The group’s auto insurance premiums increased by 15.7%, amounting to RUB 38.1 billion.
IN interview The group’s general director, Yulia Gadliba, told the agency that the share of Baring Vostok shares in the company in direct and indirect ownership did not change and amounted to 13.7%. On February 15, President Vladimir Putin authorized transactions with shares of Ozon Holdings Plc and PJSC Renaissance Insurance Group. According to an Interfax source, permission was requested by a structure associated with former managers of Baring Vostok Capital Partners in Russia.
The insurer’s shares decreased after the reporting and announcement of dividends – at 10:15 they fell by 3.5%, to 102.2 rubles. a piece. At 11:45 the decline slowed down slightly – -2.49%. The group was the first Russian insurer to conduct an IPO (in 2021).
In which segments is the demand for insurance growing? – in the Kommersant publication “The market is looking for protection from terror”.
[ad_2]
Source link
