| The INGO Ukraine insurance company paid out insurance claims totalling UAH 258mn in 2009. The insurance company paid out insurance claims totalling UAH 71.7mn in Q1/09, UAH 139.9mn in H1/09, UAH 203mn in the period of Jan-Sep 2009. The amount of insurance premiums that the company paid in 2009 is 47% less than the UAH 487.7mn it paid out in 2008. The INGO Ukraine insurance company received insurance premiums totalling UAH 438.4mn in 2009 (17% less than the UAH 531.1mn it received in 2008). The company's loss ratio (the ratio of the insurance claims it paid to the insurance premiums it received) was 59% in 2009. The company had an equity capital of UAH 141.9mn, insurance reserves of UAH 210.9mn, and a statutory capital of UAH 130.9mn as of January 1, 2010 . The company reported a net profit of UAH 15.1mn for 2009. INGO Ukraine is a closed joint-stock insurance company that was founded in 1994. It specializes in risk insurance. The InVest Polis closed joint-stock company ( Russia ) owns 99.99% of the shares in the INGO Ukraine insurance company.
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