Ugoria Insurance Company
Owners
Ugoria Group of Insurance Companies was founded in 1997. The sole shareholder of the company is REGION Group of Companies, one of the largest private investment groups in Russia, covering the main areas of financial activity and focused on comprehensive service to corporate clients and institutional investors.
The group, headed by JSC GSK Yugoria, includes a subsidiary of JSC SK Yugoria-Life (long-term life insurance).
Performance indicators
2024: Profit growth of 50% to ₽3,7 billion
According to the results of 2024, the net profit of the insurance company GSK Yugoria JSC increased by 50% and reached ₽3,7 billion, follows from the statements published in March 2025. The total volume of collected insurance premiums for the reporting period amounted to ₽35,8 billion.
According to the Insurance News Agency, the company's equity has reached ₽13 billion. The assets of the insurer at the end of 2024 amounted to ₽49,3 billion.
In 2024, Yugoria significantly strengthened its position in the corporate segment, the volume of which in the company's portfolio reached 34%. The most popular products in this segment were casco, OSAGO, cargo insurance, property of legal entities and voluntary medical insurance (VHI).
The retail portfolio accounted for 66% of the company's total business. The main growth in this segment was provided by mortgage insurance and casco.
At the end of 2024, Yugoria paid more than ₽17,9 billion, settling 364 thousand insurance claims. During the year, the company significantly simplified the process of settling losses under insurance contracts against accidents and diseases: customers were able to apply online through their personal account, and payments began to arrive on the day of appeal.
An important area of the company's development in 2024 was the improvement of work with the agency network. Yugoria has updated the system of additional remuneration for agents by paying quarterly bonuses in the amount of more than ₽100 million 4 thousand agents. The process of concluding agency contracts was reduced to two hours, and the introduction of a digital signature made it possible to sign more than 35 thousand documents remotely.
Oleg Ovsyanitsky, General Director of JSC GSK Yugoria, noted that 2024 was a period of sustainable growth for the company, the introduction of technological solutions and improving the quality of client service. According to him, the insurer managed to strengthen its position in both the corporate and retail segments, simplify the processes of resolving insurance claims, expand partner support and receive positive feedback from customers.[1]
2023: Annual profit growth 2.2 times to ₽2,5 billion
In the spring of 2024, the insurance company Yugoria published financial results for 2023, demonstrating a significant increase in key indicators. According to the data presented, the company's profit increased 2.2 times and reached ₽2,5 billion.
According to the insurance broker Univer, the volume of fees for Yugoria in 2023 increased by 23% compared to 2022 and amounted to ₽33,4 billion. This growth exceeded the average for the insurance market, which increased by 15.7% in the same period.
The most impressive dynamics was demonstrated by certain areas of the company's insurance business. Thus, the Casco portfolio increased by 126%, reaching the volume of fees of ₽6,2 billion. The voluntary health insurance segment showed an increase of 185%, and cargo insurance - by 270%. In addition, mortgage insurance fees increased 2.1 times.
In 2023, Yugoria settled 127 thousand insured events, paying customers more than ₽15,1 billion. Most of the appeals (72.5%) came from OSAGO, while Casco accounted for 16.3% of cases. The largest number of applications was recorded in the Krasnoyarsk, Moscow and Tyumen branches of the company.
 | In 2024, we will continue to implement the company's development strategy: we will focus on digitalizing services for customers and sales channels, expand the possibilities of remote service and create products with high customer value, - said Oleg Ovsyanitsky, General Director of Ugoria. |  |
The company's management also plans to develop the corporate business and expand its presence in the programs of Chinese automotive brands. These steps are aimed at further strengthening Ugoria's position in the Russian insurance market and improving the quality of customer service.[2]
2022: Vladimir Volkov received a term of 7.5 years in prison for embezzlement of 183 million rubles
On July 18, 2022, Vladimir Volkov was sentenced to seven and a half years in prison with a stay in a general regime colony. The former general director of the insurance company "Yugoria" was found guilty of part 4 of Art. 160 of the Criminal Code of the Russian Federation (misappropriation of funds). Read more here.
2020
- The authorized capital of the company is 2.79 billion rubles.
- The Company's regional network consists of 145 branches and more than 300 agencies and points of sale operating in 65 regions of Russia - from Kaliningrad to Vladivostok.
- Yugoria pays special attention to the digitalization of insurance services, actively develops online insurance. Without leaving your home or office, you can take out an electronic policy of compulsory motor liability insurance (E-OSAGO) in a few minutes, insure life, health, property, and take out insurance for the duration of the trip.
- Yugoria is a universal insurance company providing a wide range of insurance services. The company has the right to carry out activities in 23 types of insurance and reinsurance using 50 different insurance rules.
August 03, 2020 Limited Liability Company "Insurance Company" Surgutneftegas "was reorganized in the form of joining the Joint Stock Company" Group of Insurance Companies "Yugoria." In accordance with Part 2 of Art. 58 of the Civil Code of the Russian Federation, all the rights and obligations of the merged company passed to JSC GSK Yugoria, in connection with which the contracts concluded by the merged company, its rights and obligations arising from these contracts are not subject to change.
2019
- Net total income at the end of 2019 amounted to 687 million rubles.
- The authorized capital of the company is 1.25 billion rubles. Assets: 13.3 billion rubles.
- The regional network of Ugoria consists of 136 branches and more than 200 agencies and points of sale operating in 62 regions of Russia - from Kaliningrad to Vladivostok.
- Yugoria cooperates with the 200 largest banks in Russia and is accredited in 48 of them.
2018: Region Infrastructure privatizes 100% of the company for 2.8 billion rubles
On June 1, 2018, the auction for the privatization of 100% of the shares of the national insurance company Yugoria was won by Region Infrastructure LLC for the initial transaction amount of 2.893 billion rubles. Yugoria was included in the privatization plan back in 2005 and remained the last insurance company with state participation in Russia.
| | "We assessed the potential of GSK Yugoria and our capabilities in terms of subsequent business development and the effect of synergy with existing areas of activity, after which we decided to participate in the auction," said Sergey Menzhinsky, chairman of the Region Group of Companies. | |
The Region Group of Companies is one of the largest private investment groups in the Russian Federation, founded in 1995.
In addition to the winner, Sovcombank and Concern Rossium LLC claimed the insurance company.
The company has 73 departments in 50 regions of the Russian Federation. The company's clients are about 40,000 legal entities and 1.8 million individuals. The company occupies a leading position in the CASCO market in Ugra and the Altai Republic, 2nd place - in the Yamalo-Nenets district and the Tyumen region.
| | "The company's management assesses the change of ownership as a unique chance to gain access to the financial resources of the new shareholder, technologies and distribution network," Ugoria said in a statement. | |
2016: State contributions for 4.2 billion rubles
In 2016, 4.297 billion budget rubles were invested in the company.
2012:65 branches and 220 agencies in 61 regions of Russia
In 2012, the company operates on 18 types of insurance and reinsurance using 87 different insurance rules. The authorized capital of the company at that time amounted to 1.833 billion rubles.
The company pays special attention to the development of the regional network; branches account for about 80% of the total volume of insurance premiums. The company's federal network consists of 65 branches and more than 220 agencies operating in 61 regions of Russia.
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