The rating of IShONCh reflects high level of solvency. The ability of the company to fulfill its liabilities on insurance policies is considered as high. The rating of IShONCh reflects good position at the market, adequate capitalization and re-insurance protection. Besides, the rating takes into account high quality of investment portfolio of the company.

In the second half of 2010, number of acting agreements of IShONCh increased compared to the same period of 2009 and reached 23,269. Simultaneously, aggregate insurance premiums rose to 1.653 billion soums. At the same time, 92.85% of aggregate premiums fell to share of direct insurance.

In the reporting period, the volume of receipts from voluntary insurance products increased by 6.8% and made up 55.32% of aggregate premiums and other share fell to mandatory insurance. In the second half of 2010, the receipts on mandatory insurance of civil liability of vehicle owners made up 64.45% of all premiums of IShONCh.

Revenue of IShONCh as dividends and interests in the reporting period grew by 37.03% to 425.4 million soums. At the same time, profitability of investment activity of the company increased to 10.33%. In the result, the activity of IShONCh remains on profitable level. Ahbor-Reyting believes that the company is not using its full potential and IShONCh will improve profitability figures.

In the reporting period, investment portfolio of IShONCh rose by 22.41% and the company strengthened its share in assets structure from 65.04% in 2009 to 76.79% in 2010. Investment portfolio of IShONCh comprised of mainly banking deposits (67.64%), corporate securities (27.32%) and investments into equity capital of the enterprises (4.85%) and real estate (0.19%). Ahbor-Reyting considers credit quality of IShONCh portolio as good, taking into account limits for insurance companies for conservative investments in local market.

Capitalization of IShONCh is evaluated as adequate. In the second half of 2010, the charter capital of the company rose by 6.06% to 3.5 billion soums, which is enough for short-term period. Besides, own capital of the company in 201 grew o 3.8 bilion soums. In the result, own capital supply made up 70.20%.

Ahbor-Reyting underlined that the market position of IShONCh remains stable in almost all insurance types. IShONCh claimed the fifth place on payouts volume in 2010.

According to Ahbor-Reyting, IShONCh has great potential to further strengthen its position in local insurance market, taking into account its plan in voluntary and mandatory insurance market. Ahbor-Reyting underlined high competitiveness of Ahbor-Reyting in the market due to existence of good sales and service channels.

In the second half of 2010, IShONCh fulfilled all normative requirements of the regulator on solvency margin adequacy, maximum size of liabilities on some risks, aggregate size of insurer liability, as well as placement of the assets.