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Finance 01/06/2012 Agro Invest Sug’urta posts net income for 537.707m soums in 2011
Agro Invest Sug’urta posts net income for 537.707m soums in 2011
Tashkent, Uzbekistan (UzDaily.com) -- Open joint stock insurance company Agro Invest Sug’urta received net income for over 537.707 million soums in 2011, the annual report of the company said.

In 2011, the insurance company collected insurance premiums for 4.58 billion soums, of which 2.382 billion soums fell to share agreements, signed in rural areas.

The insurance liabilities reached 293.281 billion soums in 2011, the report of the company, published in local media, said.

Net revenue from rendered insurance services exceeded 4.602 billion soums in 2011, prime cost – 3.766 billion soums. Income from main activity made up 836.535 million soums in 2011.

Expenses of the period reached 940.208 million soums. Income from financial activity reached 716.593 million soums in 2011. Income from main economic activity exceeded 612.903 million soums.

In 2011, the assets of Agro Invest Sug’urta made up 7.139 billion soums. Fixed assets made up 490.385 million soums and investments – 5.8 billion soums.

The charter capital of the company made up 3.5 billion soums in 2011. Undistributed income exceeded 353.616 million soums. Insurance reserves reached 2.535 billion soums.

Agro Invest Sug’urta OJSC was founded on 7 October 2008. The company functions in voluntary insurance market and works on 8 insurance classes.

Shareholders of the company are Microcreditbank (83.86%) and Agromashlizing (16.14%).

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