Expert-rating Agency confirms the current rating assessment to Dniproinmed JSIC on the basis of following data analysis of Company accounts:
1. The growth rate of Company’s activity in H1 2008 was more substantial in comparison with the same period of the past year. Thus assets, equity capital, gross premiums and indemnity have grown by 23.7%, 18.36%, 29.38%, and 41.5% respectively. The substantial amount of gross premiums company has collected from corporative segment and only 2.5% of premiums from individuals. In H1 2008 Company took part in sales of insurance services to large industries. During the H1 contracts were made with such big Ukrainian businesses as South rail road, South-West railroad, Kyivmedavtotrans, Ukrgasviddobuvannja (gasproduction), Naftogas Ukraiiny NJSC, Chornomornaftogas(Black Sea petro and gas production), Dniprospetsstal’, Zaporyzskyi Titano-magnieviy complex and more than 12 enterprises else.
2. The 29 % growth of gross premiums in H1 2008 denotes the increase of Company’s share in Ukrainian market of classic insurance. The growth rate of gross premiums is twofold higher than the average growth rate of gross premiums in Ukraine. The opening of new offices in Kherson, Odessa and Kryviy Rih cities favoured the strengthening of Company’s position in Ukrainian market.

3. In spite of the growth of Company’s activity Dniproinmed JSIC incurred UAH 5.0 m losses in H1 2008. The necessity to compose the additional volume of reserves was caused by both gross premiums growth and loss from revaluation of financial assets, became one of the reasons for company to incur losses. The Dniproinmed income on insurance in H1 2008 made UAH 9.7 m. On Agency opinion the loss in H1 2008 is of technical character and the volume of loss is not significant. Company continues to support both the high level of solvency and good reserve of liquidity.