Ugoria Insurance Company

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).

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

Company logo before privatisation

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.