"Expert RA "

Expert RA has reaffirmed A++ credibility rating to AlfaStrakhovanie

January, 22th, 2008

The Expert RA rating agency has affirmed A++ credibility rating (high credibility level with good outlooks) to AlfaStrakhovanie.

Formerly the company was assigned a similar credibility rating as a part of AlfaStrakhovanie group (including AlfaStrakhovanie and AlfaStrakhovanie-Zhizn). The current rating assessment does not cover AlfaStrakhovanie-Zhizn - Expert RA has introduced a separate rating-list for life insurers.

“The decision to re-affirm the AlfaStrakhovanie’s highest credibility was based on the following factors: high repute of top managers and owners of the company, the insurer’s market experience, including settlement of large losses, large clientele, highly efficient branch net, and high quality of re-insurance protection”, - says Aleksander Maloletnev, Expert RA, department of ratings of financial institutions.

AlfaStrakhovanie is one of the leading Russian universal federal level insurers. AlfaStrakhovanie focuses its investment policy on highly liquid banking instruments and highly profitable corporate securities. According to Expert RA methodology of determining a size-class of Russian insurers, the rated company was placed to the size-class “maximum”. In the nine months of 2007 AlfaStrakhovanie rated 9-th among all Russian insurers in direct insurance contributions (without obligatory medical insurance). Its main areas of activity: motor insurance, insurance of property of enterprises and voluntary medical insurance.

The company’s consolidated assets by October 1, 2007 amounted to 10828.5 mln rubles, own capital – 2559.5 mln rubles. AlfaStrakhovanie insurance collections within the nine months of 2007 came to 7734.2 mln rubles, insurance compensation payments neared 4076.6 mln rubles (Expert RA data).