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Finance 10/11/2008 UzAIG paid out 435.5 million soums of insurance premiums
UzAIG paid out 435.5 million soums of insurance premium
Tashkent, Uzbekistan (UzDaily.com) -- During the first nine months of 2008 UzAIG paid out 435.5 million soums of insurance premiums, total volume of insurance reserves of the company for this period was 423.5 million soums, including the share of re-insurer, which was over 279.4 million soums, Turkiston-press reported.

Equity of the company made more than 1.9 billion soums, assets - more than 2 billion soums, and unprofitableness factor - 2.34%. The company has an intention to provide all the types of general insurance and continue placing assets in most liquid instruments - short-term banking deposits.

Last year UzAIG paid out 935.2 million soums of insurance premium, total volume of insurance reserves was more than 384.9 million soums, unprofitableness factor - 1.6%, equity - more than 2 billion soums, and assets - more than 2.6 billion soums.

Founders of UzAIG are American International Group (AIG), which owns 51% of stocks, and the National Bank of Uzbekistan, which owns 49% of stocks of the company. The authorized capital of UzAIG is US$2 million.

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