PPF Life Insurance: Continuous growth of key indicators
PPF Life Insurance published its results for the first half of 2015. Gross written premiums totalled RUB 1.36 billion for the period, up 5.8% compared to the first half of 2014. Revenue from long-term savings plans reached RUB 1.1 billion and revenue from pension plans was RUB 225.6 million.
In the first half of the year, the company paid settlements for 5,399 claims. The total amount of compensation paid increased by 12.1% to RUB 522 million.
As at 30 June 2015, the company’s insurance reserves stood at RUB 6.37 billion, an increase of 1.3% compared to the first half of 2014. The company’s financial stability was confirmed in July when its A++ rating was extended to 2016.
Vít Sedláček, Chairman of the Board of Directors of PPF Life Insurance, said: “Life insurance products are relevant at all times. They provide families with financial protection against the consequences of unfortunate developments and health problems, in particular cancer, which currently constitutes one of the most frequent causes of death in Russia.
For the second half of the year, we will continue to pursue our strategy and actively develop our product range, with a particular focus on insurance cover for critical diseases. We will also continue to invest in our primary sales channel – our agents’ network and focus on improving our financial advisors’ professional skills.”