SOGAZ Gas Industry Insurance Company

SOGAZ Insurance Group is one of the leading insurance associations in Russia, based on a long history of successful activities in the national financial market.

Offices

As of November 2022, the regional network of SOGAZ Insurance Group includes more than 1000 divisions and sales offices throughout Russia.

Performance indicators

2023: Profit - 90.61 billion rubles

At the end of 2023, the Sogaz insurance group received a net profit of 90.61 billion rubles. For comparison, a year earlier, net losses were recorded at 13.49 billion rubles. Such data are given in the financial report published on May 31, 2024.

It is noted that the result of insurance activities on an annualized basis decreased by about 9.5 times. If in 2022 it was equal to 7.61 billion rubles, then in 2023 - 803 million rubles. At the same time, the result of investment activities, on the contrary, increased from 50.04 billion rubles to 66.44 billion rubles. Thus, according to this indicator, there was an increase of about a third year-on-year.

source = SOGAZ

The report says that Sogaz's administrative and other operating expenses in 2023 amounted to about 29.83 billion rubles. This is one and a half times less than the value for the previous year, when expenses under this item reached 43.21 billion rubles. The share in the profits of associated organizations is estimated at 9.46 billion rubles against 4.8 billion rubles in 2022. The insurer's assets on an annualized basis rose by 4%, reaching 1.37 trillion rubles.

Net cash used in investment activities in 2023 is estimated at 35.41 billion rubles. The impact of exchange rate changes on cash and cash equivalents reached RUB 631 million. Net growth in cash and cash equivalents was recorded at 8.76 billion rubles. At the same time, as of the end of 2023, the volume of funds and their equivalents amounted to 14.35 billion rubles against 5.58 billion rubles a year earlier.

It is said that Sogaz, as part of the import substitution of foreign software, switched to the MathSync solution from Syncretis. With this product, you can perform probabilistic modeling of insurance risks. Software also allows you to analyze the composition of the insurance portfolio, build triangles for the development of losses, calculate the cost of reinsurance and assess capital needs.^[1]

History

2024: Sogaz has created a reinsurance company with a capital of 600 million rubles

In mid-January 2024, Sogaz registered a reinsurance company with a capital of 600 million rubles. The legal entity was named "New Reinsurance Company" (NPK). Read more here.

2023: Opening of the first SOGAZ-Polyclinic in Moscow

To Moscow At the beginning of work, the first. SOGAZ Policlinic Medical the center is located on Malaya Polyanka Street, 2. The Insurance society (gas industries SOGAZ) announced this on March 30, 2023. More. here

2022

Sale of the network of clinics "Sogaz Medicine"

On August 10, 2022, it became known about the sale of the Sogaza Medicine clinic network to top managers of Nomeko, which is a partner of the Sogaza insurance group. Read more here.

The introduction of sanctions by Ukraine

On January 22, 2022, President of Ukraine Volodymyr Zelenskyy put into effect the decision of the National Security and Defense Council (NSDC) on sanctions against Russian companies and citizens. In particular, the Sogaz company fell under them. Read more here.

2021

Purchase of a 45% stake in MF Technology from USM

December 2, 2021 it was announced the withdrawal of the holding USM Alisher Usmanova from the capital of VK (former name). Mail.ru Group As part of the transaction, 45% of the shares of the company "," MF Technologies which owns a stake in VK, were sold to the Sogaz group. More. here

Purchase of 6.25% of Sibur shares

Leonid Mikhelson, the main shareholder and chairman of the board of directors of Sibur, sold a 6.25% stake in Sogazu. As a result, the share of effective ownership of shares of the largest petrochemical company in Eastern Europe in the billionaire decreased from 48.48% to 42.23%. Mikhelson's share in the authorized capital of Sibur also decreased to 27.83% from 34.08%. Read more here.

Buying 20% on Channel One

In early February 2021, it became known that the Sogaz insurance company had transferred a 20 percent stake in Channel One, which previously belonged to VTB. The bank at one time acquired this share from the structures of Roman Abramovich in March 2019. Read more here.

2014: Assets and number of offices

As of December 2014, SOGAZ Insurance Group merged the following insurance companies: SOGAZ OJSC, TRANSNEFT IC, SOGAZ-MED JSC, SOGAZ-LIFE LLC, SOT-TRANS LLC, SOVAG (Germany), SOGAZ a.d.o. Novi Sad "(Serbia), SOGAZ International Medical Center, SOGAZ-Medservice LLC service medical company.

The Group's regional network included more than 600 divisions and sales offices throughout Russia. SOGAZ has the highest A++ reliability rating assigned by the Expert RA rating agency, international financial stability ratings assigned by the agencies A. M. Best ("B++," "Stable" forecast) and Standard & Poor's ("BBB-," "Stable" forecast).

1993: Foundation of the Insurance Group

SOGAZ Insurance Group was founded in 1993.

Notes