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Finance 23/05/2011 Net income of Universal Sug’urta reaches 165.64m soums in 2010
Net income of Universal Sug’urta reaches 165.64m soums in 2010
Tashkent, Uzbekistan (UzDaily.com) -- Net income of Universal Sug’urta close joint stock insurance company made up 165.64 million soums in 2010, the report of the company.

In the reporting period, the company collected 2.571 billion soums of insurance premiums (64.29% from plan). Total sum of income made up 2.58 billion soums (77.55% from plan).

According to audited accounting sheet, income from sales of insurance services made up 1.886 billion soums in 2010. The prime cost of realized goods exceeded 1.274 billion soums in 2010. Gross profit from goods sales made up 611.596 million soums.

Expenses reached 32.69 million soums and administrative expenses – 791.14 million soums, while other operational expenses – 132.417 million soums.

Other income from main activity reached 32.153 million soums. Losses from main activity reached 312.24 million soums in 2010.

The volume of received income made up 388.51 million soums, interest from financial investments – 216.93 million soums. Other income from financial activity made up 44.42 million soums. Expenses from financial activity exceeded 133.034 million soums.

Universal Sug’urta is non-state insurance company, which has been operating in Uzbekistan since 1994. The company was founded on 24 May 1994 and it was named Metro.

In 2003, Swiss investors became founders of the company and it was renamed to joint Uzbek-Swiss insurance company Universal Sug’urta. In 2007, Swiss companies exit the company and new companies became founders of the company.

Universal Sug’urta works in insurance market in line with license of Finance Ministry from 8 April 2008 in general voluntary and mandatory insurance. Universal Sug’urta carries out activity on 13 classes of voluntary and mandatory insurance.

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