Assigned rating of Universal Sug’urta shows high level of solvency of the insurance company and can fully execute its liabilities and request of its clients. The rating reflects good position of Universal Sug’urta in the market and recognizability of its brand, adequate capitalization and re-insurance protection. Besides, the rating also takes into account high credit quality and investment portfolio of the company.

Universal Sug`urta is medium-size insurance company on the volume of its assets. In 2010 and 2011, the business scale of Universal Sug`urta grew with stable tempo. In the reporting period, number of insurance agreements grew and made up 20,308 units at the end of 2011. At the same time, the aggregate insurance premiums rose.

In 2010, the premiums rose by 18.7% year-on-year to 2.571 billion soums. The volume of premiums grew by 39.34% year-on-year to 3.583 billion soums in 2011.

The receipts of Universal Sug`urta on voluntary insurance products grew by 73.6% in 2010 and 45.49% in 2011 respectively. In 2010, the volume of receipts from voluntary insurance products made up 61% from total insurance premiums and 67.43% in 2011. Other part of premiums fell to share of mandatory insurance products.

The volume of liabilities of the company made up 512.4 billion soums in 2010, of which 39.2% fell to share of voluntary insurance products. In 2011, the liabilities made up 499.5 billion soums and 46.84% - on voluntary insurance.

Reinsurance operations of the company help it to manage its insurance portfolio effectively and expend its activities, keeping its solvency on its insurance liabilities. Universal Sug`urta reinsured its liabilities with Lemma (Ukraine) and Transinsurance (Uzbekistan).

The sum of insurance premiums, transferred to reinsurance companies, made up 329.4 million soums, which grew by 51.2% more year-on-year. In 2011, the sum decreased by 5.91% to 310.1 million soums. Level of reinsurance of Universal Sug`urta made up 13.59% in 2010 and 10.92% in 2011.

Universal Sug’urta has high capital base, which was rated as adequate. In 2010, the charter capital made up 3 billion soums and in 2011, it increased it by 24.39% to 3.73 billion soums. At the same time, own capital of Universal Sug’urta grew by 30.37% to 4.15 billion soums. Own capital adequacy made up 60.05% in 2010 to 61.34% in 2011.

Investment portfolio of Universal Sug`urta also grew. In 2010, it was equal to 3.58 billion soums, which is 11.3% more year-on-year or 51.45% of assets of the company. In 2011, the investment portfolio grew by 59.74% year-on-year to 4.49 billion soums, which makes up 64.39% of assets.

At the same time, share of short-term investments (or deposits) made up 49.17% of investment portfolio in 2010 and 61.73% in 2011. Other part was long-term investments.