OREANDA-NEWS. The company’s reliability rating is supported by its being part of an insurance group, beneficiary’s high reliability rating, growing authorized capital, improving operating profitability and highly-rated reinsurers.

The rating is constrained by the company’s negative premium growth, weakening market position, growing losses and modest solvency margin.

Yugoria Life CJSC, a subsidiary of Yugoria State Insurance Company OJSC (NRA’s reliability rating of ‘AA-’), has been active in the insurance market since 2007.

NRA’s analytical products, including ratings and the contents of this press release, are statements of NRA’s independent opinion as of the date they are expressed and not statements of fact or recommendations to make any investment decisions or conduct any stock market transactions. NRA is not responsible for any results obtained from the use of opinions and/or information contained in this press release.

While NRA has obtained information from sources it believes to be reliable, NRA does not guarantee that this information is perfectly correct, complete and accurate, as it does not perform an audit or undertake any duty of due diligence or independent verification of any information it receives.