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Finance 19/06/2013 IShONCh posts 527.857 million soums net loss in 2012
IShONCh posts 527.857 million soums net loss in 2012
Tashkent, Uzbekistan (UzDaily.com) -- IShONCh Interbank Insurance Company LLC received net loss for 527.857 million soums in 2012 against net income for 31.948 million soums in 2011.

According to the balance sheet, net revenue from realized insurance services reached 1.685 billion soums in 2012 (1.713 billion soums in 2011) and prime cost – 1.305 billion soums (1.392 billion soums). Gross income from rendered insurance services made up 379.203 million soums in 2012 (320.374 million soums).

Administrative expenses made up 136.046 million soums (112.041 million soums) and other operational expenses – 1.375 billion soums (635.264 million soums).

Other income from main activity rose from 51.549 million soums in 2011 to 62.336 million soums in 2012, income as dividends – from 42.169 million soums to 70.133 million soums. Income from interests exceeded 433.362 million soums (258.416 million soums).

The assets of the insurance company made up 8.296 billion soums (5.915 billion soums), of which 2.825 billion soums (2.193 billion soums) were long-term and 4.508 billion soums (3.083 billion soums) – short-term investments. The charter capital made up 4.85 billion soums (3.5 billion soums in 2011). According to report, the insurance reserves made up 3.959 billion soums in 2012 (2.33 billion soums).

IShONCh Interbank Insurance Company started its activity in the insurance market in 1996. The strategic direction of the company is to establish long-term relations with commercial banks, enterprises and organization of real economy to expand complex insurance service.

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