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Expert-Rating agency has confirmed the stability rating to Dniproinmed JSIC


03/11/2008

Expert-Rating agency has confirmed the а (uaA on national scale) stability rating to Dniproinmed JSIC in accordance with the results of its performance during the 9 months of 2008. a grade rating assessment means a high probability that company will resist influence of negative factors.

The following tendencies may be denoted on results of company’s performance in 9 months of 2008:
1. The amount of collected gross premiums has grown by 3.43% as compared with that of 2007. Company kept on developing of its business. However, the insignificant increase of gross premiums is being accounted for deterioration in several sectors of economy the company’s clients belong to.
2. Company’s both assets and equity capital have grown respectively by 27.4% and 14.7% compared to that of the past year. The equity capital growth rate lag from that of assets resulted in decrease of equity ratio from 73% to 67%. Such decrease with a glance to the growth of gross premiums may be considered as insignificant. The decrease of reinsurers’ share in gross premiums from 5.88% to 2.65% also may be considered as positive tendency.
In whole, Expert Rating agency positively estimates the company’s preparedness to impending reduction of business activity in Ukrainian economy for the Company’s clients portfolio is well diversified, its performance from Fanuary through to September 2008 remained in profits. Company is well capitalized and has high quality of assets.

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