The IShONCh rating at uzA level reflects high level of ability of the company to execute its obligations in time and fully, including insurance policy holders. The rating takes into account good position in the market and recognizability of the brand, adequate capitalization and re-insurance protection. Besides, the rating takes into account high credit quality of investment portfolio of IShONCh.

In 2011, IShONCh improved figures of its activities. Aggregate insurance premiums of IShONCh in the fourth quarter of 2011 made up 2,401 billion soums. In 2011, the revenues from mandatory insurance of civil liabilities of car owners made up 44.79% of total premiums from mandatory insurance. Total liabilities, accepted by IShONCh, made up 771 billion soums.

IShONCh traditionally uses acceptable level of re-insurance protection. In 2011, reinsurers of IShONCh were Uzbekinvest and Transinsurance. In 2011, IShONCh transferred 372 billion soums or 48.24% of accepted liabilities to reinsurance.

Profitability of IShONCh strengthened and Ahbor-Reyting rates it as acceptable. The growth of income of IShONCh on insurance activities was higher than expenses, which helped to cut combined coefficient from 129.85% in the fourth quarter of 2010 to 118.92% in the same period of 2010. The unprofitableness coefficient fell from 94.48% in the fourth quarter of 2010 to 84.10% in the fourth quarter of 2011. At the same time, the payouts coefficient made up 6.54% in the reporting period (9.13% in 4Q 2010).

Investment portfolio of IShONCh grew by 28.08% year-on-year in the fourth quarter of 2011. In the result, the share of investment portfolio in the structure of assets rose from 75.54% in the fourth quarter of 2010 to 89.21% in the same period of 2011. It is worth to mention that 48.89% of investment portfolio is banking deposits, 46.89% - corporate securities, 4.08% - equity in charter capitals of enterprises and 0.15% - real estate.

Active work of management helped the company to complete the year with profit, which strengthened profitability figures. Ahbor-Reyting believes that profitability of IShONCh will strengthen further in future.

Capitalization of IShONCh is rated as adequate. The charter capital of the company made up 3.5 billion soums in the reporting period, which will be enough for near future. It is worth to mention that own capital of IShONCh rose by 1.42% in the reporting period to 3.8 billion soums.

Structure of shareholders of IShONCh did not change. Among shareholders of the company are Uzpromstroybank (26.515%), Moliya Binokor Xizmat (20.15%), Asaka Bank (20%), Ipak Yoli Bank (18.57%) and Uzbekistan Banking Association (9.46%).