The rating reflects high ability to execute obligations in time and full volume, including requests of insurance policy holders. The rating reflects high position in the market, recognizability of the brand and adequate capitalization of the company. The rating also takes into account high credit quality of investment portfolio.

In the reporting period, financial figures of Uzagrosugurta are rated as stably growing. Total insurance premiums of the company rose by 29.72% to 37.5 billion soums. At the same time, the volume of accepted insurance obligations reached 12.55 trillion soums. Share of voluntary insurance products made up 48.86% and mandatory insurance products – 51.14%. The revenue from the mandatory insurance of civil liabilities of automobile owners made up 79.92% from total premiums on mandatory insurance.

The company reinsures its liabilities at Uzbekinvest and Transinsurance. In the result of the reporting period, the volume of insurance premiums, transferred to reinsurance, made up 0.99% from total collected premiums or 373 million soums. Taking into this, the company transferred 759.8 billion soums to reinsurance, which made up 6.05% of total liabilities of Uzagrosugurta. At the same time, the payouts coefficient made up 15.3%. The payouts coefficient on voluntary insurance products made up 16.83% and on mandatory products – 13.78%.

Capitalization of Uzagrosugurta rated as adequate in the reporting period. The charter capital made up 2.23 billion soums in 2011, which will allow the company to meet requirements of the regulators in near future. Own capital rose by 9.3% to 8.67 billion soums. The high growth of assets created pressure to own capital adequacy, which made up 20.99% in 2011 (26.39% in 2010).

Structure of shareholders of the company did not change and main shareholders are Finance Ministry (75.6%), UzPakhtaSanoat (13.2%), Turonbank (2.3%), Diamond Age Russian Inv. LTD (2.11%), Ansher Investment LLP (4.60%) and others.

Investment portfolio of Uzagrosugurta rose by 62.89% year-on-year. Share of investment portfolio in total assets of the company rose from 52.33% in 2010 to 62.65% in 2011. It is worth to mention that investment portfolio of Uzagrosugurta comprised of banking deposits (49.84%), corporate securities and shares (48.15%), equity in charter capital of enterprises (1.66%), loans and other contributions (0.35%). Ahbor-Reyting says that profitability figures of the company will probably improve in future