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Finance 04/07/2014 Kafolat to increase charter capital to 11.6bn soums
Kafolat to increase charter capital to 11.6bn soums
Tashkent, Uzbekistan (UzDaily.com) -- Kafolat, a state-owned insurance company in Uzbekistan, will increase its charter capital from 9.6 billion soums to 11.6 billion soums, the press service of the company said.

The shareholders of the company adopted a corresponding decision at the annual meeting. The charter capital will grow due to increase of par value of shares from 1,430 soums to 1,730 soums per share.

At the meeting, it was said that the company collected insurance premiums for 30.3 billion soums in 2013, which rose by 9.5 billion soums compared to 2012.

The company claimed the fourth place in Uzbekistan in 2013 on the volume of collected insurance premiums with the share of 9.2%. The insurer said it signed 652,500 agreements in 2013, which is the second result in Uzbekistan.

The volume of rendered insurance services to population and organizations made up 9.9 trillion soums, which rose by 3.2 trillion soums compared to 2012 or 47%.

Kafolat said that it settled 3,192 insurance claims in 2013 and made 8-9 payments a day in average. Overall, the company’s payouts reached 6.4 billion soums. Main part of payments fell to share of such products as insurance of civil liability of vehicle owners, insurance of civil liability of employers, pledged property, personal insurance, vehicle and property insurance.

Net income of the company made up 2.4 billion soums in 2013, which rose 1.6 times compared to 2012.

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