Results of activity of Foreign insurance company Kazakhinstrakh JSC (Kazakhstan) in Q1 of 2005

/IRBIS, Galina Tsalyuk, August 31, 05/ - Foreign insurance company Kazakhinstrakh JSC (Almaty, hereinafter - company), whose common shares are circulating in the official "A" listing category of Kazakhstan stock exchange JSC (KASE), presented to KASE financial statement for the I quarter of 2005. Following indicators are result of the issuer's financial and economic activity in the I quarter of 2005 based upon the issuer's data (th. KZT, unless otherwise specified): ------------------------------------------------------------- as of as of Indicator Jan 1, 05 Apr 1, 05 --------------------------------------- --------- --------- Authorized capital (paid) 540,010 540,010 Shareholders' equity 1,473,759 1,568,899 Total assets 3,507,509 3,258,830 Investments into securities 1,051,098 1,520,335 Reverse repo transactions ,- 500,285 Investments in banks 333,292 387,747 Insurance premiums to be received (net) 1,381,074 272,270 Total liabilities 2,033,750 1,689,931 unearned insurance premiums 603,480 802,213 after deduction of reinsurer's stake Reserves on insurance losses 41,613 125,036 Settlements with reinsurers 1,261,319 509,268 Direct repo transactions - 200,020 Total incomes 1,970,449 1,245,517 Total expenses 1,278,440 434,157 Net income of the period 612,437 95,140 Book value of 1 share, KZT 6,153.48 6,550.73 ------------------------------------------------------------- Comparative analysis of the company's financial results for the first quarters of 2004 and 2005 is not given because the exchange does not have company's financial statement for similar period of 2004. Company's primary activity is insurance. [2005-08-31]