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Finance 17/05/2012 Ingo-Uzbekistan’s net income grows to 1.069bn soums in 2011
Ingo-Uzbekistan’s net income grows to 1.069bn soums in 2011
Tashkent, Uzbekistan (UzDaily.com) -- Net income of Ingo-Uzbekistan insurance closed joint stock company grew from 793.853 million soums in 2010 to 1.069 billion soums in 2011, the financial report of the company said.

According to the annual report of the company, the volume of collected insurance premiums of Ingo-Uzbekistan made up 4.2 billion soums in 2011.

Net revenue from realization of services rose from 3.614 billion soums in 2010 to 3.84 billion soums in 2011. Prime cost made up 2,139 billion soums in 2011 to 1.675 billion soums in 2010.

The company’s expenses decreased from 1.88 billion soums to 1.58 billion soums in the reporting period. Income from financial activity fell from 1.804 billion soums in 2010 to 1.636 billion soums in 2011.

Ingo-Uzbekistan’s assets decreased from 15.95 billion soums in 2010 to 11.063 billion soums in 2011.

Own capital of the company reached 8.315 billion soums in 2011 against 7.351 billion soums in 2010. The charter capital made up 5.089 billion soums. Insurance reserves decreased from 8.598 billion soums to 2.128 billion soums in the reporting perio.

The company said that the volume of investment portfolio made up 8.63 billion soums in 2011. Ingo-Uzbekistan is subsidiary of the Russian Ingosstrakh open insurance joint stock company.

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