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Finance 20/07/2011 Silk Road Insurance receives net 83.744m soums of net income for 2010
Silk Road Insurance receives net 83.744m soums of net income for 2010
Tashkent, Uzbekistan (UzDaily.com) -- Silk Road Insurance open joint stock insurance company received net income for 83.744 million soums of net income in 2010, the annual report.

Net revenue from rendered insurance services reached 437.51 million soums in 2010 compared to 224.033 million soums in 2009. The prime cost grew from 254.13 million soums in 2009 to 326.54 million soums in 2010.

The company said that the volume of insurance premiums made up 594.57 million soums in 2010 (+69.7%) and insurance payments – 19.16 million soums.

Income of financial activity grew from 167.67 million soums in 2009 to 293.97 million soums in 2010. Expenses from financial activity decreased from 82.07 million soums in 2009 to 2.14 million soums in 2010.

Assets of the insurance company grew from 1.85 billion soums in 2009 to 4.19 billion soums in 2010 (+2.5 times).

Own capital increased from 1.21 billion soums in 2009 to 3.8 billion soums in 2010. The charter capital made up 4.17 billion soums in 2010 against 1.34 billion soums in 2009. Insurance reserves of the company grew from 248.69 million soums to 314.31 million soums in the reporting period.

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