Currency rates from 27/09/2024
$1 – 12736.48
UZS – -0.17%
€1 – 14193.53
UZS – -0.52%
₽1 – 137.60
UZS – -0.33%
Search
Finance 25/05/2011 Net income of ALSKOM hits 645.068m soums in 2010
Net income of ALSKOM hits 645.068m soums in 2010
Tashkent, Uzbekistan (UzDaily.com) -- Net income of ALSKOM open joint stock insurance company grew from 137.664 million soums in 2009 to 645.068 million soums in 2010, the audited accounting sheet of the company said.

In 2010, the company collected insurance premiums for 7 billion soums, of which 4.5 billion soums fell to share voluntary types of insurance and 2.5 billion soums on mandatory insurance products.

In 2010, the insurance premiums, collected from regions of Uzbekistan, made up 5 billion soums, which is 41.75% up year-on-year. The company’s share in the market made up 4.1% in 2010.

Total sum of insurance payouts made up 554.9 million soums in 2010, which is 35% more compared to 2009.

Aggregate income of the company exceeded 6 billion soums in 2010, of which 5.5 billion soums fell to share of insurance activity and 476.6 million soums – from financial activity.

Assets of ALSKOM grew from 9.3 billion soums in 2009 to 10.67 billion soums in 2010. Long-term assets rose from 5.08 billion soums to 6.8 billion soums, while current assets fell from 4.22 billion soums to 3.88 billion soums.

ALSKOM’s own capital made up 5.935 billion soums in 2010 against 5.475 billion soums in 2009. The charter capital was formed at the size of 3.737 billion soums.

The company said its insurance reserves grew from 2.954 billion soums in 2009 to 4.294 billion soums in 2010.

Liabilities of ALSKOM decreased from 870.52 million soums to 442.52 million soums in the reporting period.

Alskom has been working in Uzbekistan’s insurance market since 1996 and currently it is one of the leading insurance companies in Uzbekistan. It provides 40 insurance products in voluntary and mandatory insurance segments.

The shareholders of the company are enterprises of the Uzbek Agency for Communication and Information, Aloqabank, Insurance Company Soglasiye (Russia), Eastinvestor Ltd., Diamond Age Russian Investments Ltd., Bluecourt Investments LLP, UzbekInvest, Hamkorbank, Ansher Investments LLP and individuals.

Stay up to date with the latest news
Subscribe to our telegram channel