Absolute Insurance Euro-Policy ISK
Since 1992
Russia
Central Federal District of the Russian Federation
Moscow
st. Leninskaya Sloboda, d.26
Content |
The federal-level universal insurance company Absolute Insurance (ISK Euro-Policy) was established in 1992 and is a universal insurer. The company is included in the following associations: All-Russian Union of Insurers, Russian Union of Auto Insurers, National Union of Liability Insurers, Russian Union of Tourism Industry, Union of Marine Insurers, Russian Union of Travel Industry, Russian Association of Franchising, Russian Anti-Terrorist Insurance Pool, Federation of Restaurateurs and Hoteliers.
Absolut Insurance has divisions in 15 regions of the Russian Federation: in Moscow and the Moscow Region, St. Petersburg, Irkutsk Region, Novosibirsk Region, Nizhny Novgorod Region, Rostov Region, Samara Region, Sverdlovsk Region, Kamchatka Territory, Krasnodar Territory, Novorossiysk, Perm Territory, Primorsky Territory, Kemerovo Region, Chelyabinsk Region.
Performance indicators
2024: Net profit growth more than doubles to $ ₽1,4 billion
By the end of 2024, the Absolute Insurance insurance company more than doubled its net profit compared to 2023, bringing it to ₽1,4 billion. The company published such information on March 3, 2025 as part of the annual report on financial results.
According to the press service of Absolute Insurance, the total volume of fees for 2024 reached ₽11,2 billion, which is 10% higher than in 2023. The main growth was demonstrated in key areas for the company: insurance of property and liability of legal entities, insurance of cargo, sea vessels and agricultural risks.
The insurer's equity amounted to ₽4,9 billion. By the end of the year, the company's assets reached ₽16 billion, and insurance reserves - ₽9,3 billion. The regulatory ratio of equity and assumed obligations as of December 31, 2024 amounted to 1.44.
Return on equity (ROE) reached 33% in 2024. The volume of payments for insurance events for the reporting period amounted to ₽4,2 billion, an increase of 6.5% compared to 2023.
In addition to improving financial performance, Absolute Insurance pays attention to issues of sustainable development and social responsibility. In 2024, the company introduced paperless document management and held an action to collect plastic bottle caps as part of the charitable initiative of the Volunteers to Help Orphans Foundation.
During the year, 30 kg of plastic raw materials were collected, which will be sent for processing. The proceeds will go to support the wards of the fund. In addition, the company continues to collect used batteries for their further processing - in 2024 it was possible to collect 130 kg.
Since 2019, the insurance company has been a partner of the Yuna rehabilitation center for temporarily homeless animals and traditionally participates in the Yuna-Fest charity festivals aimed at finding new owners for cats and dogs. More than five years ago, the company took care of a dog named Peggy from this center.[1]
History
2018: Creating a model of streaming lease insurance in conjunction with Transbaza
SK Absolut Insurance and TRANSBAZA offered the market an innovative model of streaming insurance of rental transactions. This was announced by Transbaza on June 6, 2022. Read more here.
2018
The company's assets are 6.7 billion rubles, the authorized capital is 1.02 billion rubles. At the end of 2018, fees amounted to 4.2 billion rubles, which is 30% more than last year.
In 2019, the Expert RA agency extended the company's ruA + rating (which corresponds to the A + (I) "Very High Level of Reliability" rating on the old agency scale). Absolut Insurance LLC has a developed branch network and has representative offices in 19 economically developed regions of the Russian Federation.
2017
The authorized capital is 1.022 billion. rubles The company's assets are 5.4 billion rubles. Reinsurance protection is provided by bond and optional agreements placed among international companies with ratings not lower than A- on the S&P scale, with liability limits on the insured event, including: for property insurance and construction and installation risks up to 3 billion rubles, for cargo and water insurance transport up to 3 billion rubles, for accident insurance up to 60 million rubles, for motor vehicle insurance up to 10 million rubles. The contract leaders are international reinsurers Hannover Rückversicherung AG (AA-) and General Reinsurance AG (AA +).
At the end of 2017, the company's total fees were 3.3 billion rubles, an increase of 7% (compared to the previous period). At the same time, a balanced portfolio was preserved, growth was demonstrated in key segments for the company. Net profit amounted to 222 million rubles.
2016
In 2016, the company confirmed the A + rating "Very high level of reliability" from the agency RAEX ("Expert RA"), "the forecast for the rating" Stable. " The rating sublevel was raised to the first. Absolut Insurance LLC has a developed branch network and has representative offices in 14 regions of the Russian Federation.
2015
The company's assets - 2.9 billion rubles, own funds - more than 1 billion rubles, authorized capital - 966.5 million rubles. At the end of 2015, fees exceeded 2.5 billion rubles, which is 13% more than in 2014. Profit under IFRS increased by 83% compared to 2014.
The company has an international certificate of compliance of quality management systems with the ISO 9001-2015 standard .
Notes
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