PPF Life Insurance (PPF)

LLC PPF Life Insurance (until April 2009, LLC Czech Insurance Company) began to carry out insurance activities in Russia in 2002. The main activity of the company is life insurance. Indefinite license No. C 3609 77 is issued by the Federal Insurance Supervision Service.

The main financial indicators of General PPF Life Insurance LLC according to the results of the first half of 2010: - the amount of assets (as of June 30, 2010) - 5,774,213 million rubles; - the amount of equity (as of June 30, 2010) - 3,259,114 million rubles; - the volume of premiums signed - 2,584,730 million rubles.

LLC Generals PPF Life Insurance operates its own network of 38 agencies from Kaliningrad to Krasnoyarsk. The number of agents reached 1,700 people. In addition, the company's insurance programs are sold through networks of brokers, Russian retail banks and FSUE Russian Post

Activity indicators

2020: Net profit amounted to 388.9 million rubles

On April 6, 2021, PPF Life Insurance shared the results of work for 2020. The results of the insurer demonstrate the positive dynamics of development, the demand for the programs offered by him, as well as his reliability and financial stability:

• The total volume of premiums increased by 8.2%, exceeding 4,346,4 million rubles;
• The number of life insurance contracts concluded by customers with the company increased by 4%;
• The net profit figure reached 388.9 million rubles, and the solvency margin by 31.12.2020 exceeded the value required by law by 5.6 times;
• Insurance reserves for the year increased by 14.5%, amounting to 12,729,5 million rubles, total assets increased by 13.9%, reaching 17,172,1 million rubles.

The management of PPF Life Insurance believes that the key to the success of the company is the commitment to the chosen strategy, as well as the compliance of its products with the current request of the company:

Over the past year, many have seen how important it is to have an "airbag" in case of emergency. For more than 18 years, we have been engaged in funded life insurance programs that financially protect customers for several years or decades from the consequences of unforeseen health problems. The average contract term with our company is 21 years. All this time, our insured can be sure of their well-being, that in a difficult situation they will have support, and by the time the program ends, a decent amount that they form with the help of comfortable contributions. As practice shows, our customers direct savings to the implementation of the most important life plans, for example, to pay for education for a child or an increase in retirement, "said Vit Sedlachek, Chairman of the Board of Directors of PPF Life Insurance.

Employees of the company understand that in difficult life situations, funds are required as soon as possible, so they quickly consider insurance cases. Thus, in 2020, 72% of payments were made within 3-5 days from the date of receipt of the application and all necessary documents from customers. In total, in 2020, the company paid 1,234 million rubles, which is 5% more than in 2019.

At the end of 2020, the number of financial advisers reached 8 thousand people.

History

2019

• The total volume of insurance premiums at the end of 2019 increased by 10% compared to the same indicator of the previous period, amounting to 4,017,748 thousand rubles.;
• The growth of premiums under long-term life insurance contracts has been growing at a double-digit pace over the past years. For 2019, this indicator amounted to 11.4%;
• The number of contracts concluded by the company's customers over the past year increased by 24% compared to 2018;
• In 2019, the company paid 1,249,523 thousand rubles to customers. Thus, the total amount of payments over the past year increased by 9% compared to 2018;
• The solvency margin of PPF Life Insurance exceeds the value required by law by 462%. The company invests in high-quality assets, including government bonds and bonds of large enterprises;
• Despite large investments in its own agency network, the company's net profit over the past year amounted to 244,313 thousand rubles;
• Total assets of PPF Life insurance at the 31.12.2019 of the year - 15,080,593 thousand rubles, insurance reserves - 11,115,103 thousand rubles.

• 20 new agencies were opened in 13 regions (15 cities) of Russia;
• The number of financial advisers of the company exceeded 7 thousand people.

2013

2013 year, Q1. The PPF Group and Generali have reached an agreement to change interest in the joint venture - Generali PPF Holding. The transaction takes place in two stages: on March 28, 2013, Generali acquired 25% of GPH, and the remaining 24% will be redeemed by the end of 2014. As part of the first stage of the transaction, the PPF Group acquires insurance assets from Generali PPF Holding in the CIS countries.

2013, Q2. As a result of the closing of the transaction between PPF Group and Generali Group, PPF Life Insurance (legal name - PPF Life Insurance LLC) came under the full control of PPF Group, implementing the rebranding program. The company continues to develop actively.

2013, Q3. The PPF Group decided to develop its insurance business in Russia under the brands PPF Life Insurance and Home Credit Insurance. PPF Life Insurance continues to operate in its core market, and Home Credit Insurance, part of the Home Credit group, focuses on insurance other than life insurance.

2008

The project to optimize Česká "s business processes has been completed. Thanks to the optimization of business processes Česká pojišοovna was able to significantly improve the quality of customer service, maintain leadership positions in the highly competitive Czech insurance market, and enter the markets of a number of countries. In early 2008, Generali and the PPF Group established a joint venture that combined the insurance assets of the groups in Central and Eastern Europe, as well as in the CIS countries.

2002

PPF Group began to develop insurance and consumer lending services in Russia. The Group's insurance asset entered the market under the brand name "Czech Insurance Company." One of the slogans of the advertising campaign is "When Pushkin was mortally wounded in a duel, we have been concluding life insurance contracts for 10 years!"

1996

The PPF Group bought a stake in Česká pojišwould - the oldest insurer in Europe. Began restructuring the business model of the company.

1991

Founded PPF Group. The Group's assets amounted to more than $225 million.