GREATER OPPORTUNITIES. GREATER RESPONSIBILITY.
/ theory& practice Operational efficiency and sustainability, flexibil- ity and consistency, availability and professional- ism, versatility and competency in the areas of expertise… These are only a few key factors supporting success in the insurance business. The SOGAZ Group success story, as well as its rep- utation and positions in the Russian insurance market prove that the company is fully in position to meet those challenging requirements. SOGAZ meets expectations of its clients, shareholders and partners, thus creating for them an oasis of stability and confidence in the future.
annual report for /
for 2005 CONTENT ANNUAL REPORT ANNUAL
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Pages Pages Pages / Board of Directors / About SOGAZ Group / Cooperation Chairman's Appeal with Gas Industry / SOGAZ Group Members Management Board Group's Business / JSC / Chairman's Appeal / SOGAZ Management Diversification Board Up-to-date Approaches JSC / / SOGAZ Management and Technologies Board / Social Activity / 2005 Key Events and Charities / Activities of SOGAZ Group in 2005 – Main Results
theory&practice theory&practice of successful business of better decisions SOGAZ GROUP ANNUAL REPORT ANNUAL CHAIRMAN'S APPEAL MANAGEMENT BOARD MANAGEMENT BOARD OF DIRECTORS BOARD CHAIRMAN'S APPEAL AND / Greater Opportunities. Greater Responsibility. SOGAZ GROUP INSURANCE
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Pages Pages Pages JSC / SOGAZ Group / SOGAZ / Contact Information Regional Policy Financial Report / Representatives JSC JSC / Russian Insurance / SOGAZ Profit of SOGAZ Market Development and Loss Statement / Representatives Trends LLC LLC / SK Neftepolis of SK Neftepolis / Group's Development Financial Report / Representatives Trends for 2005-2007 LLC JSC / SK Neftepolis Profit of Gazprommedstrakh and Loss Statement
JSC / Gazprommedstrakh Financial Report
JSC / Gazprommedstrakh Profit and Loss Statement
LLC / SK SOGAZ-Life Financial Report
LLC / SK SOGAZ-Life Profit and Loss Statement
theory&practice theory&practice theory&practice of development strategy of exact settlements of unlimited opportunities CONTACT CONTACT JSC SOGAZ JSC SOGAZ INFORMATION LLC SK SOGAZ-Life LLC FINANCIAL REPORT LLC SK NEFTEPOLIS LLC SK NEFTEPOLIS LLC JSC GAZPROMMEDSTRAKH JSC GAZPROMMEDSTRAKH
iBOARD / / SOGAZ www.sogaz.ru INSURANCE GROUP
OF DIRECTORS Greater Responsibility. Greater Opportunities. / / In insurance market. With allmyheart,Iamwishingthe tributes tothesocialstabilityandfavorableinvestmentclimate. ly knownasonethenation-wideleadingfull-serviceinsurer.Thecompany'sactivitycon- organization exploringtheindustrialsegmentofinsurancemarketiscurrentlywide- up, andnumberofclientsexpanding.The And itisonlylogicalthatthecompanyseesitsauthorityincreasing,credibilitybuilding types ofinsuranceactivityandacquiringassets. oping branchnetwork,strengtheningregionalpresence,beingactivelyinvolvedinall CHAIRMAN'S APPEALinsurance business,anditsclients–confidenceinthefuture,prosperitywelfare. 2005 , the Dear colleagues, Ladies andgentlemen, A.B. Miller Chairman oftheBoardDirectors, Chairman oftheManagementBoard, SOGAZ Group SOGAZ has beenconsistentlyexpandingitsactivity.Thismeansdevel- has takennewstepstostrengthenitspositionontheRussian SOGAZ Group JSC JSC SOGAZ SOGAZ Group Gazprom success inthefurtherdevelopmentofits initially formedasaninsurance /
/ Greater Opportunities. Greater Responsibility. SOGAZ GROUP INSURANCE
/ Dear shareholders, clients and partners, Dear friends and colleagues,
The last year has become the first milestone in the course of implementation of the SOGAZ Group 2005–2007 development strategy aimed to strengthen the Group's leadership in the national insurance market. This year appeared indicative in many respects, and that is why we were ever so eager to summarize its results. The results shown over this period were cru- cial to our vision of the Group's future and the key principles and priorities of its development over the next few years.
In this context, I am especially pleased to acknowledge our achievements made in 2005. A considerable progress was made in all strategic areas of our activity. The Group member- ship has been enlarged, the number of large-scale market clients has increased dramatically, the management structure has been set to the reorganization process, and the number of SOGAZ regional offices has almost doubled.
Today we may assert with certainty that the adopted development strategy proved fully jus- tified. The SOGAZ Group's financial performance appears the natural outcome and the main proof of same. More detailed information is provided on the below pages of this report. APPEAL It may worth noting now that the growth rate shown by SOGAZ insurance premiums almost GEMENT doubled the growth rate of insurance market in general. The Group's consolidated premium got immediately close to the benchmark peg of $1 bln, which exceeds the target figures by more than a quarter. I think it would not be an exaggeration to say that 2005 has become one of the most successful years in the SOGAZ Insurance Group's history.
Summarizing the results of the preceding year, I would like to express my thanks to all SOGAZ employees whose energy and dedication prove a plentiful source of the Group's dynamic growth. I express my gratitude to the management team for their toughness and will to win. MANA ii In many ways, you were behind the success achieved by the Group. I am also truly grateful to the shareholders, clients and partners of the SOGAZ Group for constant support and effec- tive cooperation. ARD CHAIRMAN'S Our efforts have one and the same focus – reducing risks for businesses and providing finan- cial coverage for their interests, as well as making life in our country more safe and pre- dictable. There is no doubt that during the past year we made a significant contribution
BO to our common deal.
/ Chairman of the Management Board, JSC SOGAZ Chairman of the Board of Directors, JSCGazprommedstrakh
E.G. Leskin
/ www.sogaz.ru / annual report | 2005 theory&practice of successful business
/ANNUAL iii. About SOGAZ Group REPORT iv. SOGAZ Group Members SECTIONS v. SOGAZ Group Management vi. JSC SOGAZ Management Board vii. 2005 Key Events viii. Activities of SOGAZ Group in 2005 – Main Results
The SOGAZ Group's success story builds on a long-term experience in the national financial market. Each member company of the Group is an expert in its area of expertise, and the coordination of their activities makes it possible for the Group to enjoy synergies. The impeccable reputation and the highest reliability rating of A++ add to the confidence on the part of both Russian and international clients and partners. As a result, the Group's premium growth almost doubled the average insurance market growth rate. / theory&practice of successful business/about SOGAZ Group/ SOGAZ Group members/ for 2005 ANNUAL REPORT ANNUAL
Being on top and public, man could not afford Among the overseas projects providing for the SOGAZ to be brusque. Group participation worth mentioning are the Blue Napoleon I Stream (main gas pipeline construction from Russia through Turkey to Southern Europe), new North- European gas pipeline construction designed to tie up gas fields of Western Siberia directly to customers in Germany and other West-European countries. SOGAZ annually confirms its status of one of the most The SOGAZ Group is one of the most long-standing insur- stable Russian insurers, which it proved by the A++ reli- ance associations of the new Russia relying on a long- ability rating. The rating applies to the three Group term story of successful operations in the national companies: JSC SOGAZ, LLC SK Neftepolis and JSC financial market. Gazprommedstrakh. The high professional rating helps The Group enjoys the leadership in corporate segment SOGAZ successfully cooperate with its foreign partners
GROUP and is one of the leading insurance institutions in the (specifically, in the field of reinsurance), as well as country. In SOGAZ, special attention is paid to the devel- to draw client represented by major Russian and inter- opment of private insurance. The extensive branch net- national firms. work and the availability of licenses for all types The Group's reinsurance policy focuses on collaboration of insurance activities provide the Group with a unique with the leading and globally recognized reinsurance ABOUT
iii competitive edge in all its core business activities. companies having unblemished reputation, such as The SOGAZ Insurance Group comprises the full-service Munich Re, Swiss Re, SCOR Lloyds of London. insurance companies JSC SOGAZ and LLC SK Neftepolis, Looking to be as close as possible to its clients, SOGAZ specialized companies JSC Gazprommedstrakh and LLC SK make sustainable efforts towards the strengthening SOGAZ SOGAZ-Life, as well as the service medical company of its regional presence. Nowadays, The Group operates LLC Gazprommedservice. over 350 regional branches across Russia, and the num- Each member company of the Group has its own opera- ber is increasing. tional priorities based on its specialization and clearly formulated in the SOGAZ Insurance Group's general busi- ness development strategy, which makes it function as a single mechanism focused to consistently pursue the established goals. In addition to JSC Gazprom and JSC NK Rosneft, major cor- porate clients of the SOGAZ Insurance Group include, among many others, JSC Russian Railway, JSC RAO UES of Russia, Rosatom enterprises, JSC SIBUR Holding, State Customs Committee of Russia, JSC Krasnoyarsk Airlines, General Motors, JSC TNK-BP and JSC West Siberian Metallurgical Plant. Besides, the Group is a certified insur- ance company servicing the President Administration, Federal Customs Service, as well as such national lead- ing credit institutions, such as Sberbank, Vneshtorgbank, Gazprombank, and many others.
/ associations, suchas: Insurance Group The companiescomprisingthe . . . . . . . . . . . . . . / / Pool. Russian AgriculturalInsurance Association ofRussianBanks. and Enterprises. Association ofTransportInsurers Industry. European UnionFinancial Task GroupforRussiaand Association ofInsurers. Russian GreenCardBureau, Insurers. National AssociationofLiability Pool. Russian NuclearInsurance and SpaceInsurers. Russian AssociationofAviation Accruals Management. Certified toDomesticPension Insurance PoolforCompanies Insurers. Russian AssociationofMotor Insurance Pool. Russian ShipownersLiability Union ofRussianShipowners. Energy Industry. Insurers AssociationforFueland All-Russian InsuranceAssociation. SOGAZ www.sogaz.ru INSURANCE GROUP Greater Responsibility. Greater Opportunities. are membersofspecialized SOGAZ
ivSOGAZGROUP MEMBERS Shareholders: JSC Member Companies: SOGAZ InsuranceGroup Owner: LL Owner: LL Shareholder: JSC Owners: LL C C C SOGAZ Gazprommedstrakh Gazprommedservice SK SOGAZ-Life SK Neftepolis / / / / / / / / / / / / / / / / / LLC JSC LLC LLC JSC LLC JSC JSC JSC JSC LLC JSC JSC LLC LLC JSC CJSC Gazprom Gazprommedstrakh SOGAZ SOGAZ SOGAZ SOGAZ NK Rosneft SOGAZ LYRUS Gazprommedservice SK SOGAZ-Life SK Neftepolis IK ABROS Accept Gazexport RN Trade Gazprombank / vJSCSOGAZ / /
ANNUAL REPORT MANAGEMENT BOARD for 2005 /// of successfulbusiness theory of 1997 Toronto (Canada). training intheYorkUniversity, Institute, in the LeningradPolytechnic in Kuibyshev PolytechnicInstitute, In village, Kuibyshevregion. / of theRepublicKomi. / President of of of theBoardDirectors, JSC Board, Chairman oftheManagement 2003 2002 Gazprommedstrakh JSC SOGAZ Leskin Y Born in KomiArcticOil 1973 1991 evgeny Georgiyevich – & 2001 – – 2006 JSC 2003 practice SOGAZ, Chairman graduated fromthe management board got thedegreeof 1951 — DirectorGeneral — DirectorGeneral . — DeputyHead JSC NKKomiTEK 1993 . in Pokhvistnevo / 1996 / / JSC completed 1991 SOGAZ – 1997 – 1996 / — , . / General of the Republicof Deputy HealthMinisterof Kom the CouncilofMinisters Institutions Departmentof tant oftheSocialandCultural / and epidemicstation. Officer ofthedistrictsanitation / Sanitary andHygieneInstitute. ated fromtheLeningrad Sakhalin region.In SOGAZ of theManagementBoard, Deputy Chairman 1976–1979 2003–2006 1973–1975 Anikeyev V Born in ladimir Nikolayevich i Republic. JSC SOGAZ — DeputyDirector — SeniorConsul- — ChiefMedical 1948 / 1979–1985 1973 in Sokol, . JSC gradu- Komi - — . / of / of theRussianFederation. Academy bythePresident from theRussianCivilService Institute, in the KuibyshevPolytechnic In of First DeputyDirectorGeneral Alliance Commercial Bank ment oftheJoint-Stock for CorporateAccountManage- SOGAZ of theManagementBoard, Deputy Chairman 1997–2002 2002–2003 Degtyarev Andrei Vladimirovich JSC SOGAZ Born in LLC Antikor 1982 , Moscow. 1960 — DirectorGeneral . graduated from — Vice-President 1997 / in Kuibyshev. , Noyabrsk. 2003–2006 graduated North-East JSC - — //// tor of / Center of of theBusinessDevelopment SK Neftepolis Projects Administrationof / stration of Property InsuranceAdmini- / Relations, MBA State InstituteforInternational Business SchoolbytheMoscow training in Russian Federation,completed by theGovernmentof from theFinancialAcademy Institute, in ated fromtheMoscowEnergy Moscow region.In SOGAZ of theManagementBoard, Deputy Chairman 2004–2006 2002–2003 2001–2002 Derevenskov Y Born in evgeny Yevgenyevich JSC SOGAZ / / . — HeadofStrategic
/ SOGAZ www.sogaz.ru — ExecutiveDirec- 1974 LLC SKNeftepolis 2003–2004 LLC SK — Headofthe INSURANCE 2000
degree. GROUP . the Insurance Greater Responsibility. Greater Opportunities. in Klimovsk, 1997 graduated N eftepolis — Head JSC gradu- - LLC . . Coopers General of appointed asDeputyDirector Leader Economy andFinance, Deputy DirectorGeneralfor Departm the / Doctor ofPhilosophy. pleted postgraduatetraining, Ordzhonikidze, in stration namedafterSergo State UniversityofAdmini- Completed traininginthe SOGAZ of theManagementBoard, Deputy Chairman 1995–2004 Logovinsky Y Born in evgeny Ilyich Management Consultancy . , Moscow. ent, / In JSC SOGAZ 1972 — Managerof 2006 Price-Waterhouse / 2004–2006 in Moscow. , hewas 1997 . JSC - com- CJSC — General of / Administration, Sanitary andResortService Head, HeadoftheHealthand Sector Administrator,Deputy LLC Lentransgaz. of theMedicalSupportService, Potential LO Director forscience, Science, MBAdegree. Federation. DoctorofMedical the GovernmentofRussian National EconomyAcademyby in Military andMedicalAcademy, graduated fromtheKirov In chinsk, Permregion. SOGAZ of theManagementBoard, Deputy Chairman 2002–2006 Okhotnikov Sergei Viktorovich Born in 2002 graduated fromthe . JSC SOGAZ. / — DeputyDirector 1954 1996–1997 / JSC Gazprom. 1997–2002 in Gremya- / CJSC AK — Head 1996 JSC - 1977 — — , ing company. Director Generalofaconsult- (OWAZ Moscow). Director General, Germany. of Deputy DirectorGeneral SOGAZ of theManagementBoard, Deputy Chairman Martina Clara Richter JSC SOGAZ. Born in / / 1990–2000 1956 / / 2005–2006 , Funfeichen, 2000–2004 Allianz AG .. — Deputy JSC - — — / theory&practice of successful business/ SOGAZ Group management/ for 2005 ANNUAL REPORT ANNUAL
JSCSOGAZ LLCSK Neftepolis Board of Directors Board of Directors
Chairman of the Board of Directors Chairman of the Board of Directors Aleksey Borisovich Sergey Mikhailovich Miller Bogdanchikov
Chairman of the Management Board, President JSC Gazprom of JSC Oil Company Rosneft
Members of the Board of Directors Members of the Board of Directors / Mikhail Aleksyevich / Yevgeny Georgiyevich Klishin Leskin First Deputy Director General, Chairman of the Board, JSC AB Russia JSC SOGAZ
/ Sergey Vladimirovich / Andrei Vladimirovich Kolesnikov Degtyarev Vice-President of the Russia-Austria Deputy Chairman of the Board, Health Service and Medical Education Fund JSC SOGAZ
/ Andrey Vyacheslavovich / Yevgeny Grigoryevich
GEMENT Kruglov Derevenskov Deputy Chairman of the Board, Director General, Head of Finance and Economy Department, LLC SK Neftepolis JSC Gazprom
/ Vladimir Nikolayevich / Dmitry Aleksyevich Demidov Lebedev Director for Property Insurance Director General, and Underwriting, JSC AB Russia JSC SOGAZ MANA SOGAZ GROUP vi / Yevgeny Georgiyevich / Yevgeny Ilyich Leskin Logovinsky Chairman of the Board, Deputy Chairman of the Board, JSC SOGAZ JSC SOGAZ
/ Konstantin Anatolyevich / Richter Chuichenko Martina Clara Head of Legal Department, Deputy Chairman of the Board, Board Member of JSC Gazprom JSC SOGAZ
/ / Greater Opportunities. Greater Responsibility. SOGAZ GROUP INSURANCE
JSCGazprommedstrakh LLCGazprommedservice Board of Directors Board of Directors
Chairman of the Board of Directors Chairman of the Board of Directors Yevgeny Georgiyevich Sergey Viktorovich Leskin Okhotnikov Chairman of the Board, Deputy Chairman of the Board, JSC SOGAZ JSC SOGAZ
Members of the Board of Directors Members of the Board of Directors / Vladimir Nikolayevich / Vladimir Nikolayevich Anikeyev Anikeyev Deputy Chairman of the Board, Deputy Chairman of the Board, JSC SOGAZ JSC SOGAZ
/ Andrei Vladimirovich / Vladimir Mikhailovich Degtyarev Nosov Deputy Chairman of the Board, Director for Corporate Projects, JSC SOGAZ JSC SOGAZ
/ Viktor Vasilyevich / Tatyana Nikolayevna Ilyushin Portone Board Member, Executive Director, Head of the RF Regional Affairs Department, JSC SOGAZ JSC Gazprom
/ Tamara Yuryevna / Vladimir Mikhailovich Smirnova Nosov Director for Personal Insurance, Director for Corporate Projects, JSC SOGAZ JSC SOGAZ
/ Sergey Viktorovich Okhotnikov Deputy Chairman of the Board, JSC SOGAZ
/ Dmitry Vasilyevich Tolstov Director General, JSC Gazprommedstrakh
/ www.sogaz.ru / / theory&practice of successful business/2005 key events/ for 2005 ANNUAL REPORT ANNUAL
Each successful venture is originated by someone's / The SOGAZ Group has been chosen to be the official venturous decision. partner and insurer of the European Professional Peter Drucker Latin Championship held in Moscow. may / The JSC SOGAZ management structure has been reor- ganized during the implementation of the Group devel- opment strategy for 2005–2007. january / The installation of the George Church central dome / Payment of insurance coverage to LLC in Tchaikovsky, Perm region, has been insured. Orenburggazprom and LLC Uraltransgaz in connection / The insurance coverage in the amount of 160 mln RUB with fire at helium plant in August, 2004, has been has been paid to the Kubanburgaz branch of the JSC Gazprom effected to the full amount of 750 mln RUB. Drilling Company in connection with an accident on Well / JSC Gazprommedstrakh branch has been established No.5, Vostochno-Pribrezhnaya field.
2005 in Petropavlovsk-Kamchatski. / The company has won the tender for the provision
vii of compulsory health insurance service for non-working february population of the Vladimir region. / JSC Gazprommedstrakh branch has been established / Federal Property Insurance Agreement has been ente- in Ivanovo. red into with respect to the property situated in the / The company has won the open tender for the com- Ryazan region. pulsory health (CH) insurance service for non-working population of the Ivanovo region. june / The SOGAZ Group has been made the partner of the march All-Russia Contest Child's Voice in St.-Petersburg. / The JSC SOGAZ Board of Directors has adopted a strategic / The SOGAZ Group has been chosen the official insurer KEY EVENTS development plan for the SOGAZ Insurance Group up to 2007. of the environmental science forum Man – Nature – / The SOGAZ Insurance Group has joined the Insurers Science – Technology held in Kazan. Association, Russian Bureau of Green Card in the capaci- / The company has won the tenders for the provision ty of an active member. of compulsory health insurance service for non- / The SOGAZ Group has been chosen the official insu- working population of the Murmansk region and the rer of the Third All-Russia Energy Forum Fuel and Republic of Buryatia. Energy Complex of Russia in the 21st Century. / The JSC SOGAZ annual shareholders' meeting has been / The company has won the tender for the provision held with the approval of the Annual Report, Balance of compulsory health insurance service for non-work- Sheet, and the company Profit and Loss Account for 2004. ing population of the Republic of Komi. / The SOGAZ Group has taken part in the Second International Maritime Defense Show IMDS-2005 april in St.-Petersburg. / The company has won the tender for the provision / SOGAZ has become a member of the Insurers of compulsory health insurance service for non-working Association, Russian Bureau of Green Card. population of the Nizhniy Novgorod region. / A Master Agreement for Cooperation in the july Insurance Area has been entered into with JSC Russian / The participants of the Russian Children Traveling across Railways. Russia campaign have been insured.
/ / Greater Opportunities. Greater Responsibility. SOGAZ GROUP INSURANCE
/ The company has won the tender for the provision / The SOGAZ Insurance Group has been chosen the Gene- of compulsory health insurance service for non-work- ral Partner of the International Forum Risks Management ing population of the Archangelsk region. in Russia. / The AUDATEX software system has been installed / The Voluntary Health Insurance Agreement has been in SOGAZ Insurance Group branches. entered into with the employees of JSC Sibneft- / An Insurance Agreement covering Russia and CIS has Noyabrskneftegaz. been entered into with the General Motors Corporation. / An Agreement for Cooperation has been entered into / The meeting of the SOGAZ Insurance Group Regional between the SOGAZ Group and the Government of the Directors has been held in Moscow. Astrakhan region. / The SOGAZ Insurance Group has been chosen the offici- / The Astrakhan branch of the SOGAZ Insurance Group al insurer of the aviation parade in Monino, Moscow has opened a new regional office. region. / An official presentation of the new sales office of the / The SOGAZ Group has been admitted to the National SOGAZ Insurance Group has been held in Zhukovka villa- Union of Liability Insurers. ge, Rublevo-Uspenskoye Road. august november / The SOGAZ Insurance Group has taken part in the VII / SOGAZ has been chosen as the official insurer of the International Aviation and Space Salon MAX-2005 fifth All-Russia Oil and Gas Week. in Zhukovsky, Moscow region. / The SOGAZ Insurance Group has been chosen as the / Objects of the Kaliningrad specialized housing stock general insurer of the third International Conference have been insured. Russian Railways in the transport services market: inter- / The company has won the tender for the provision action and partnership. of compulsory health insurance service for non-work- / The JSC Gazprommedstrakh branch has been establis- ing population of the Saratov region. hed in Yuzhno-Sakhalinsk. / Payment of damages in the amount of $ 225,000 has / The company has won the tenders for making insurance been effected in favor of the Italian ship owner compa- contracts with a number of enterprises of JSC RAO UES of Russia ny Bacolistsas Group. and regional insurance administrations of Rossvyaznadzor. / The SOGAZ Insurance Group has purchased 85 % interest / The Expert RA Rating Agency has awarded the SOGAZ in LLC SK Neftepolis share capital. Insurance Group the highest reliability rating of A++. / JSC SOGAZ has established its Irkutsk, Krasnoyarsk, september and Novosibirsk branches. / The SOGAZ Group has been chosen a winner in the ten- / The company has won the tender for insurance of non- der held by the Sberbank of Russia for participation in the residential premises in Moscow. insurance of property subject to a pledge. / The SOGAZ Insurance Group has insured the employees december of the Astrakhan regional branch of the RF Social / The company has won the tenders for the provision Security Fund. of compulsory health insurance service for Murmansk / SOGAZ has become a member of the Russian Nuclear administration officials and non-working population Insurance Pool. of the Bryansk region. / The company has won the tenders for making insu- october rance contracts with a number of enterprises of JSC RAO / The company has won the tender for insurance of a num- UES of Russia and the Federal Agency for Federal ber of subordinate enterprises of JSC RAO UES of Russia. Property Management.
/ www.sogaz.ru / / theory&practice of successful business/activities of SOGAZ Group in 2005 – main results/ for 2005 ANNUAL REPORT ANNUAL
A book is read from the beginning to the end. Business proceeds in the opposite direction. First, a goal is established and then everything is to be done to achieve it.` Harold Gennin
Major Russian Insurance Companies
in 2005 Source: Federal Insurance Supervision Service
rank name premium variation, including, % rates, % mln RUB 2005 2004 2003 life personal property liability CH insurance insurance insurance insurance GROUP
128JSCIngosstrakh 24 971 47 0 10 69 21 0 234LLCRESO-Guaranty 23 307 54 10 11 55 25 0 349ЗАОMAX-M 18 70928 0000100 4613JSCSOGAZ 14 779 35 0 49 45 6 0 51018CJSCROSNO-MS 12 562 74 0000100 6811JSCROSNO 11 418 34 0 33 48 18 0 7916JSC 9 202 22 1 35 44 21 0 CTIVITIES VSK 81415LLCSK Soglasiye 8 708 32 0 6 82 12 0 A 95426JSCGazprommedstrakh 8 668 365 0000100 viii 10 25 44 CJSCSolidarity for Life 7 129 72 0000100
OF SOGAZ Table 1
affiliation of LLCSK Neftepolis by the SOGAZ power while increasing its rating and improving the Insurance Group In 2005, one of the central conditions offered to its clients. events essential for the SOGAZ Insurance Group was the affiliation of LLC SK Neftepolis. This was a "win-win" SOGAZ Group share and position in the deal. With the incorporation of LLC SK Neftepolis the insurance market In 2005, the SOGAZ SOGAZ Group has expanded its client base and Insurance Group has considerably strengthened its pres- enhanced its competence in the field of oil industry ence in the Russian insurance market. Table 1 provides risks insurance. As insuring of oil industry risks is one the official data on the amount of the insurance premi- of core business activities of the Insurance Group, the um accrued by the Russia's major insurance companies. affiliation of LLC SK Neftepolis has significantly Since the official statistics gives no details on the total increased its competitive ability. In its turn, joining income of various companies comprising one insurance IN 2005 – MAIN RESULTS one of the Russian major insurance groups has made it group, the ranking was based on the information possible for LLC SK Neftepolis to enjoy its financial on the specific legal bodies. The SOGAZ Insurance Group
/ / Greater Opportunities. Greater Responsibility. SOGAZ GROUP INSURANCE
is represented in the ranking by JSC SOGAZ, its parent company. The past three years have seen an unprece- dented market success. JSC SOGAZ has moved from the 13th rank in 2003 to the 6th rank in 2004, and then up to the 4th rank in 2005. The general SOGAZ Insurance Group progress is by no means less impressive. In 2005, the company has doubled its market share to reach the 3rd rank in the market. The figures on the total insurance groups' income are Major Russian provided in Table 2. Insurance Companies The success of SOGAZ Group is equally evident as regards (in Insurance Groups) insurance types. in 2005 Source: Federal Insurance Supervision Service For the third consecutive ear the Insurance Group has rank name premium market been confirming its absolute leadership in the personal rates, share, mln RUB % insurance area, aside from life assuarance (Table 3), 1 36 475 7.4 occupying 11.8 % of the Russian market. Rosgosstrakh System 2005 saw a significant advance made by one of the 2 Ingosstrakh 27 605 5.6 Group of Companies SOGAZ Group members, LLC SK SOGAZ-Life specializing 3 26 928 5.5 in long-term life assuarance. Established in 2004, the SOGAZ Insurance Group company reached the 4th rank in the insurance market 4 MAX Insurance Group 26 203 5.3 already in the second year of its operation (Table 4). 5 RESO Insurance Group 25 838 5.3 The SOGAZ Insurance Group holds the 4th rank in the 6 ROSNO Insurance Group 25 452 5.2 property and liability insurance market. 7 Soglasiye 11 858 2.4 Besides, the SOGAZ Group has dramatically strength- Insurance Group ened its presence in the health insurance market. 8 Capital Strakhovaniye 11 845 2.4 JSC Gazprommedstrakh specializing in this types of insur- Group of Companies ance within the Group has improved its standing in this 9 Uralsib Group 11 528 2.4 market up to the 3rd rank in comparison with the 8th 10 Yugoria 9 244 1.9 rank in 2004 (Table 5). Group of Companies
After the adoption of the compulsory motor third Table 2 party liability (CMTPL) insurance, many insurance companies considered this type of insurance a promis- ing one and joined the rush for client. The SOGAZ Insurance Group is not so optimistic and believes that this type is potentially loss-intensive, which is why its exploration will not foster the growth of the company shareholder value. The SOGAZ Insurance Group does not see the develop- ment of the compulsory motor third party insurance as one of its strategic priorities, that is why its position in the segment is relatively small (Table 6).
/ www.sogaz.ru / / theory&practice of successful business/activities of SOGAZ Group in 2005 – main results/ for 2005 ANNUAL REPORT ANNUAL
First we’ll be the best, and then we’ll be the first. Grant Tinker
Major Russian Personal Non-life Major Russian Personal Life Insurance Companies Assuarance Companies
(in Insurance Groups) in 2005 Source: Federal Insurance Supervision Service in 2005 Source: Federal Insurance Supervision Service rank name premium market rank name premium market rates, share, rates, share, mln RUB % mln RUB % 1 SKTransgarant 4 943 19.5 1 SOGAZ Insurance Group 7 531 11.8 2 National Insurance Group 2 737 10.8 2 ZHASO Insurance Group 5 558 8.7 3 JSCRESO-Guarantee 2 232 8.8 3 ROSNO Insurance Group 3 881 6.1 4 LLCSK SOGAZ-Life 1 653 6.5 4 Ingosstrakh 2 829 4.4 5 AIG Russia 1 164 4.6 Group of Companies 5 RESO Insurance Group 2 628 4.1 Table 4
Table 3
/ / Greater Opportunities. Greater Responsibility. SOGAZ GROUP INSURANCE
Major Russian Compulsory Health Major Compulsory Motor Insurance Companies Insurance Companies (in Insurance Groups) (in Insurance Groups) in 2005 Source: Federal Insurance Supervision Service in 2005 Source: Federal Insurance Supervision Service rank name premium market rank name premium market rates, share, rates, share, mln RUB % mln RUB %
1 MAX Group of Companies 19 705 14.0 1 Rosgosstrakh 16 085 29.9 2 ROSNO 13 748 9.8 2 RESO 5 294 9.9 Group of Companies Group of companies 3 SOGAZ Insurance Group 8 628 6.1 3 Ingosstrakh 3 138 5.8 (JSC Gazprommedstrakh) Group of companies 4 Solidarity for Life 7 090 5.0 4 Uralsib Group 2 514 4.7 5 Capital Insurance Group 6 350 4.5 5 Spasskiye Vorota 1 859 3.5 Insurance Group Table 5 21 SOGAZ Insurance Group 518 1.0
Table 6
/ www.sogaz.ru / annual report | 2005 theory&practice of better decisions
/ANNUAL ix. Cooperation with Gas Industry REPORT x. Group's Business Diversification SECTIONS xi. Up-to-date Approaches and Technologies xii. Social Activity and Charities
Having doubled its market share in 2005, SOGAZ Insurance Group does not intend to be an absolute leader at all market segments. Thus, having assessed CMTPL insurance as a potentially losing activity, the Group refused to participate in the fight for clients in the segment and preferred to improve service conditions in other insurance spheres. Regional expan- sion of many Moscow companies resulted in formation of ineffective cos- tintensive networks, while SOGAZ Group willfully preferred strengthen- ing its presence in the regions of high insurance potential. These and simi- lar strategic solutions are the foundation of both today's and tomorrow's success of the Group. / theory&practice of better decisions/cooperation
for 2005 with gas industry/Group's business diversification/ ANNUAL REPORT ANNUAL
Getting together is the beginning, supporting each other is an achievement, working together is the success Henry Ford
Since its establishment, SOGAZ's strategic priority has . Provision of insurance protection of property been to protect property interests of Gazprom Open Joint- of Gazprom and its subsidiary enterprises Stock Company and enterprises connected with gas indus- for the amount of replacement value. try. Whereas SOGAZ Group has been actively developing . Expansion of insured risk list. new insurance market segments, the Group focuses . Business interruption risk insurance with lia- on the cooperation with Gazprom enterprises: SOGAZ bility limit of 1.5 bln RUB per insured event. portfolio share of insurance contract with gas industry . Extended liability insurance of hazardous pro- enterprises is still over 50 %. duction facilities.
implementing comprehensive insurance Intensive process of forming insurance protection program In 2005, the SOGAZ Group's efforts are complex system for gas industry enterprises during focused on development and implementation of com- the accounting period is proved by financial results. prehensive insurance program of Gazprom Open Joint- Thus, last year SOGAZ Group's scope of liability under
WITH GAS Stock Company, its subsidiary enterprises and organiza- Gazprom insurance increased more than twice: from INDUSTRY tions. The main objective of the program is to improve 2.6 to 5.3 trillion RUB. The Group's cumulative liability quality and effectiveness of insurance protection, under insurance contracts with Gazprom subsidiary as well as to reduce of insurance cost. It is achieved due enterprises also significantly exceeded the results to economically sound risk evaluation allowing to fix of the previous year: 139 as compared with 87 bln RUB. minimal fees, as well as to ensure repayment of funds allocated to insurance in the form of insurance com- development of strategic partnership with COOPERATION COOPERATION JSC
ix pensation. Gazprom Scope and nature of Gazprom's acti- Since 2005, the SOGAZ Group's experts have been exam- vity demand top level insurance protection of all produc- ining JSC Gazprom's enterprises to diagnose and detect tion stages. The Group's major task is to support the existing and potential risks and to develop the scena- increased cost-efficiency and to assist in the achievement rios of response. Integrated approach to insurance pro- of Gazprom's strategic objectives. In this respect, almost tection and risk management allows accounting for all all Gazprom key projects are reflected in SOGAZ's plans. peculiarities of gas industry enterprises, which These include: is reflected in the following program parameters: . Insurance of Gazprom's property interests con- . Insurance of the most important and nected with development of hydrocarbon expensive objects (namely, gas processing resources and their supplies in Russia and plants) against catastrophic losses with lia- abroad (international projects in Poland and bility limit of 3 bln RUB per an insured Greece; construction of North European gas event. pipeline).
/ ally allregionsofitspresence. ance supportof industry andtosuccessfullyrenderinsur- all insuranceservicerequirementsofgas planned projectsallowsthe of gasindustry.Theimplementationthe together withthesystematicdevelopment SOGAZ InsuranceGroup . . . / / and transportationenterprises. on theterritoriesofgasproduction regional infrastructure,primarily Further expansionofthe sysem. of Participation inthedevelopment Prirazlomnoye fields). ing Shtokmanovskoeand and Arcticshelfresources,includ- ect risks(developmentofYamal Insurance againstinvestmentproj- SOGAZ www.sogaz.ru INSURANCE Gazprom GROUP Greater Responsibility. Greater Opportunities. Gazprom's risk management activities invirtu- business grows Group to meet Group's
xGROUP'S Michael Hammer of tomorrowdefeats. The formulasofformersuccessaretheguarantees has nothingtodowiththesuccessinfuture… and forall,youaredead…Thesuccessinthepast If youbelieveyou’llbeatthecrestofsuccessonce BUSINESS about tracts ofthesaidenterprisesandorganizationswas results oftheyear,totalpremiumunderinsurancecon- porate clientof Rossiya Nuclear IndustryAgency(Rosatom).InDecember UES ofRussia tender forrighttoinsuretheaffiliatedcompaniesof with general agreementandconcludedinsurancecontracts the largestRussianbackbonecompanies. ties wasthedevelopmentofstrategiccooperationwith Neftepolis In August corporate clientsandextensionof Group's prises notconnectedwithgasindustryincreasedinthe SOGAZ client portfoliodevelopment members of the mostsignificantgrowth ratesascomparedwithall and insurance. Inthisregard,it is logicalthat of insurancemarketinclude lifeandcompulsoryhealth According toexperts,the most promisingsegments developing promisingmarketsegments DIVERSIFICATIONIn and energyindustry. promising projectsindifferentbranchesofRussianfuel of thelargestplayersRussianoilmarket,andhad protected financialinterestsof ened itspositionthankstotheuniversalinsurerthat 2005 Gazprommedstrakh Russian RailwaysOpenJoint-StockCompany 1 steadily extendeditsclientbase.Theshareofenter- State TransportAviationCompanybecameacor- portfolio. Thiswasduetobothattractionofnew , oneofthemostimportantlines bln RUB. registered capital.Thus,the 2005 SOGAZ Group and startedactivecooperationwithFederal , SOGAZ InsuranceGroup SOGAZ Companies havedemonstrated purchased . / Group's Rosneft Company 85 . Summingupthe % shareof Group member list. SOGAZ SK SOGAZ-Life SOGAZ During , wonthe strength- LLC SK signed activi- , one 2005 2005 JSC , , / theory&practice of better decisions/Group's business
for 2005 diversification/up-to-date approaches and technologies/ ANNUAL REPORT ANNUAL
The best way to predict the future is to invent it. Alan Kay
Having received the license from Federal The success of the SOGAZ Insurance Group's development Insurance Supervision Service for new insur- strategy and improved competitiveness on the insur- ance rules, including the advanced product line, ance market significantly depends on the implementa- LLC SK SOGAZ-Life offered relevant enterprise tion of new approaches and technologies into the client employees insurance programs to the Group's servicing. corporate clients. It allowed the company to dramatically increase volume of insurance opening the specialized sales center premiums and become the leader of classic life In 2005, the specialized sales center of the SOGAZ Insurance assuarance market. It should be mentioned Group was opened in Zhukovka, Moscow Region. The new that in 2005 almost all insurance product office shall be aimed to implement exclusive projects and offered by the company were in great demand. arranged to meet the demands of the most demanding The Gazprommedstrakh performance was even customers requiring special approaches to the insurance more impressive. While in 2004 the amount of their risks. Specially for the Zhukovka office, SOGAZ of insurance premium received by the compa- developed the Premium class insurance product line ny was about 1.6 bln RUB, in 2005 the index intended for high-income clients. The availability of such exceeded 8.6 bln RUB. One of the main reasons sales center makes it possible to implement both cus- of the growth was that last year compulsory UP-TO-DATE tomer and risk specific approaches. xi health insurance funds actively transferred APPROACHES APPROACHES insurer's functions under compulsory health automating loss calculation procedures insurance to health insurance companies, for motor insurance contracts which allowed JSC Gazprommedstrakh to signifi- In July 2005, SOGAZ branches completed the installa- cantly extend its insurance area due to partici- tion of AUDATEX software suite aimed to automate the pation in tenders for the right to insure loss calculation procedures regarding damaged vehi- non-working population of the RF constituent cles and recovery repair of vehicles in compliance with entities. In 2005 the company won 17 similar the manufacturer specifications. The software suite tenders as compared with three in the previ- provided the united loss calculation system for motor ous year. Last year number of people insured insurance contracts, thus integrating regional sub- by JSC Gazprommedstrakh increased over than sidiaries of the Group and vehicle maintenance stations AND TECHNOLOGIES four times and exceeded 8 mln. contracted by SOGAZ Group. The AUDATEX system will Gazprommedstrakh was the third in the rating of help significantly reduce the time required to pay health insurance companies operating in the indemnities to the insured entities and improve the compulsory health insurance segment as com- Group's client servicing procedures due to streamlined pared with the 17th rank in the previous year. workflow procedures.
/ / Greater Opportunities. Greater Responsibility. SOGAZ GROUP INSURANCE
management structure reorganization secure communication and data transmission services. Business process optimization and enhancement of the It is planned to complete the project in 2007. By that corporate management system inside the Group are time, the integrated information resources manage- important for improving efficiency. The first step was ment system will have covered the whole regional net- the reorganization of the management structure of the work of the Group. This will allow to significantly sim- JSC Sogaz main office. In 2005, a new three-level plify the interaction process between the employees and (Department – Administration – Directorate) management to improve the process of communication with clients system replaced the older four-level one (Sub-department of the Group as well as to enhance the flexibility and effi- – Admi-nistration – Department – Directorate). Later on, ciency while solving promising business tasks. the resolution of the Board of Directors established the JSC Sogaz executive committee, a collective executive body comprising 7 members, as well as the sole executive body represented by the Chairman of the executive committee. The new organizational structure of the company reflects the Group's operating logic and corre- sponds to its strategic directions of development com- bining elements of the matrix management with the traditional executive vertical line. establishing an integrated information resources management system Simultaneously with the changes in the management structure, we started a large scale information resources manage- ment system project in all departments of Sogaz. At the initial stage, a multi-service network for voice and data transmission was set up in the main office of the Group. The multi-service network represents a comprehensive scalable solution unifying office network infrastructures, corporate phone network, call centers and multimedia conference network management. The integration of these elements into a uniform system will provide the employees of Sogaz with efficient, user-friendly and
/ www.sogaz.ru / xiiSOCIAL Robert Kennedy Do itrightandtalkaboutit. / /
ANNUAL REPORT ACTIVITY for 2005
AND CHARITIES of betterdecisions theory Slovenian leaders. sentatives oftheRussian OrthodoxChurchand ment delegationfromtheRussian Federation,repre- ings havebeenannuallyheld. Thesegathergovern- the mid- and wereburiedneartheChapel inlateryears.Since Russian soldiers;manyofthemdiedavalanching Austrian prisoncamp.Mostoftheprisonerswere Chapel wasfoundedin reconstruction nearVrshichpassage,Slovenia.The part intheprocessofRussianOrthodoxChapel Perm Region.Besides, dome inSaintGeorgeCathedralChaikovskyTown, lage, TverRegion,insuredinstallationofcentral Saint NicholasCathedraliconostasisinKayurovovil- of ChristtheSaviour Monastery andallocatedfundstothe financial supporttoSaintTrinityOrthodox Russia andabroad.In tributes tothereconstructionofculturalsitesbothin of nationalheritageobjects.The cuture, revivalofspiritualvaluesandpreservation tance totheprojectsaimedatsupportofRussian Since itsestablishment, reviving spiritualvalues and scopeof Greater Responsibility",reflectsnotonlythenature SOGAZ's tions inthecountry, approach. Beingoneofthelargestfinancialorganiza- Russia's dynamicgrowthandprosperity. active partinvariousspheresofsociallifesupporting & practice 90 corporate slogan,"GreaterOpportunities. and charities s, jointRussianandSlovene solemnmeet- / social activity Group SOGAZ InsuranceCompany Fund, financedworkregarding / activity, butalsoitssocial 2005 SOGAZ Group SOGAZ 1915 , thecompanyrendered on theterritoryof Group has renderedassis- took anactive regularly con- Cathedral takes an reading andwriting. purchase ofspecialbooksmadetoteachblindchildren Children al SOGAZ Group ten days. (Vladimir, Suzdal,Yaroslavl,Kostroma,Rostov)within went onabustourvisitingtheGoldenRingcities poor familiesfrom and sportcompetitionwinners,excellentpupilsfrom hundred pupilsfromKaliningrad,includingOlympiad pices ofthegovernorKaliningradRegion.Overone in Russia to theparticipantsofprogram In July regions ofthecountryforseveralyears. sitions, picturesandphotosofpupilsfromdifferent Voice dren andteenagers.The SOGAZ care fortheyoungergeneration amateur tournaments andcompetitions holdboth SOGAZ championship majorleague. player becameoneoftheleaders ofRussianbasketball Within thisperiodUkhtateam thathadbeenamiddle An integralpartof supporting sports SOGAZ Group ber ofsportsinstitutions.Duringthelastthreeyears country. The sports, physicalcultureandhealthylife-styleinthe charitable publicfund All-Russian CharitableProject,acontestofcompo- pays muchattentiontosupportofcapablechil- regularly financesdifferent professionaland . Thefundsallocatedbythe , whichistraditionallyorganizedundertheaus- 2005 regularly rendersfinancialsupporttoregion- , Group is asponsorof SOGAZ 10 SOGAZ's renders financialsupporttoanum- to provided insuranceprotection 14 Group years oldvisitedMoscowand social policyispopularizing Illustrated BooksforBlind Planeta Universitet is apartnerof Russian ChildrenTravel Group are spentfor Child's Club. / Greater Opportunities. Greater Responsibility. SOGAZ GROUP INSURANCE
on national and regional levels. They include large sports events, such as annual aviation festival in Monino and freestyle wrestling tournament in Kaliningrad. In April 2005 the Group was the official partner and insurer of the European championship of conga pro- fessionals in Moscow that became a real holiday for Russian amateurs of this sport. Besides financial and organizational support, the Group insured Russian par- ticipants against accident risk for total amount exceed- ing USD 250,000. One of the most remarkable sports events of the last year was public action I Love Russia which took place on September 7 on Lokomotiv stadium before Russia- Portugal football match. SOGAZ Insurance Group was the official sponsor of the event during which over 20,000 people dressed in Russian national colors sang the country hymn. This action organized by Charitable Program Support and Implementation Fund and Russian Football Union under the auspices of Administration of the RF President was a great support to our national team, thus expressing love to the country.
/ www.sogaz.ru / annual report | 2005 theory&practice of development strategy
/ANNUAL xiii. SOGAZ Group Regional Policy REPORT xiv. Russian Insurance Market SECTIONS Development Trends xv. Group's Development Trends for 2005–2007
SOGAZ steadily expands the sphere of its interests, diversifies business and strengthens its positions on the insurance market. Big social responsibility and provision of property interest protection of the enterprises that are the basis of Russian economy allow saying that nowadays SOGAZ is the only insurer which is maximally protected from any political risks and solves state level tasks. xiiiSOGAZGROUP Koisi Tsukamoto a hundredstepsofoneman. One stepofahundredpeopleisbetterthan / /
ANNUAL REPORT REGIONAL for 2005 included: Insurance Group strategy weredefinedonthemeetingof of is responsiblefordevelopmentandimplementation special RegionalNetworkManagementDirection is effectiveregionalpolicy.Fromthebeginningof extension intheperspectiveeconomicbranches strategy preparation ofregionaldevelopment of developmentstrategy theory of regionalinsurance marketsituationandafford ground change promptly makemanagement decisions,respondto Optimization of to createintegratedwide-area regionalnetwork. mentation of It wasdecidedthatthekeyconditionofsuccessfulimple- POLICY Group's & . . . . . . . practice All roundprotectionof service saleintheregions. Formation ofeffectivesysteminsuranceand ment forregionaldepartmentdevelopment. Supporting formationoffavorableenviron- potential clients. of newformscooperationwith Development ofstrategicpartnership,search rance markets. Strengthening positionsonregionalinsu- regional policy rate culturedevelopment. Formation offavorableimageandcorpo- on thebasisofterritoryandbranchprinciple. Transfer toformationofsubsidiariesunited bers' rightsandinterests. market developmenttrends regional activitystrategy.Basiclinesofthe Group's branch managementinJuly SOGAZ's The keyfactorof / regional developmentstrategy was OA Group SOGAZ / russian insurance regional policywillallowto / Insurance Group SOGAZ's 2005 activity . These Group's SOGAZ mem- 2005 Regional networkof departments before. in theyearand ments ontheterritoryof stipulated thatthecompanyopenedover rance tonon-workingpopulationofRussianregions ders fortherighttoprovidecompulsoryhealthinsu- example, extension bythecompaniesincludedin work wereprimarilydeterminedbyactivebusiness ments almostdoubled.Highgrowthratesofsalesnet- sales networkdevelopment for effectiveinvestmentdistribution. number of By theendof Arkhangelsk, PenzaRegionsandRepublicofBuryatia. Kaluga, Tver,Novgorod,Pskov,Volgograd,Smolensk, company before.TheyincludedYaroslavl,Orel, ments wereopenedintheregionsnotcoveredby ferent regionsofthecountry.Inthisregard pany opened Group, alsosignificantlyincreased.Lastyearthecom- 335 grated holding companiesemployingagreat number prises, aswellthelargest Russianverticallyinte- of actualandproposedpresence ofgasindustryenter- focus onprovidinghighquality serviceintheregions throughout thecountry.The Company'sactivitywill ment, and forecastsofregionalinsurancemarketdevelop- sian Federation.Takingintoaccountmarketsituation departments in SOGAZ Gazprommedstrakh SOGAZ InsuranceGroup's 3 2005 subsidiaries and intends tostrengthenits positions 11 , the 62 JSC SOGAZ of them constituent entitiesoftheRus- Group's 18 RF constituententitieswith- active participationinten- Gazprommedstrakh , thekeymemberof sales networkincluded 15 departments indif- regional depart- In 130 Group 11 2005 depart- depart- had no , the . For ists. of economicallyandsociallyactivespecial- / / SOGAZ www.sogaz.ru INSURANCE GROUP Greater Responsibility. Greater Opportunities.
xivRUSSIAN INSURANCE Robert H.Waterman, Jr. wisdom, andanalysisshouldnotpreventaction. the judgmentability,intellectcannotreplace Ready-to-use techniquescannotreplace MARKET DEVELOPMENT
TRENDStitative terms: Main factorssupportingthemarketgrowthinquan- actively grown,butchangeditsquality. In recentyearstheinsurancemarkethasnotonly business unsteadiness. positive developmenttrendsevenduringgeneral growing segmentsofRussianeconomy.Itmanifested Insurance marketisstilloneofthemostrapidly . . . . . . health insurance. Increase ofstateexpenditures forcompulsory of competition. of theirprofessionalismand aggravation Increase ofinsurer'sownactivity duetogrowth lity insurance. example, compulsorymotorthirdpartyliabi- duction ofcompulsoryinsurancetypes,for State marketregulation,inparticularintro- lateral insurancebytheborrower. resources usuallyincludesrequirementofcol- operations. Institutionprovidingfinancial consumer andmortgagelending,leasing growth ofcorporatepersoncreditvolume, Credit environmentdevelopmentinRussia: institute. rance servicesandconfidenceininsurance as growthofpopulationawarenessinsu- Income growthofRussianpopulation,aswell nomic environment. marily determinedbyfavorableforeigneco- of Russianinsurancemarketclientbase,pri- nomic positionoflargecompanies,thebasis Constant improvementoffinancialandeco- / / theory&practice of development strategy/russian insurance
for 2005 market development trends/ ANNUAL REPORT ANNUAL
The Development of the Insurance Market in 1999 to 2005 and up to 2008
(estimate) Source: Marketing Department of SOGAZ Insurance Group
900
800 40
700 30
600 25 410
500 370 25
102 325 400 149 266 300
104 218
200 140 180
340 80 134 295 100 260 36 97 200 61 151 41 103 0 40 62 bln RUB 21 30
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 life assuarance voluntary non-life assuarance all compulsory insurance types
Diagram
Market quality development is not of less importance assuarance market, while classic life insu- that is determined by the following factors: rance is actively developed. . Market concentration, which is primarily . Legislative prohibition to combine particular stipulated by target policy of the Federal insurance types within one insurance compa- Insurance Supervision Service focused ny. The prohibition results in the insurance on increase of insurers' registered capital companies' specialization and growth of pro- and elimination of small companies. fessionalism. . Elimination of pseudo-insurance schemes . Expansion of former captive companies from the life assuarance market as a result under the auspices of large corporations of active state policy implemented to the open market and their transforma- by the Federal Insurance Supervision tion into universal insurers with diversified Service. It means temporary shrinkage of life client base.
/ / Greater Opportunities. Greater Responsibility. SOGAZ GROUP INSURANCE
. Appearance of universal insurance groups working with all types of insurance. . Practice of mergers and acquisitions increas- ing market concentration. . Active development of retail sales and strength- ening of regional networks by insurers. .Step-by-step liberalization of market access rules for foreign insurance companies which results in improvement of compe- RF Insurance Market of 2005: tition and increase of working standards Insurance Premium Collections, bln RUB on the market. (in % as compared to 2004)
Insurance type Collections 2005 col- In absence of serious macroeconomic disturbances, fast in 2005, lections as bln RUB compared market growth is further expected. The key factors sup- to 2004, collections, porting the growth include: % . Expansion of insured property list and respon- Total: 490.6 4.0 sibility of the largest corporations and transfer Voluntary insurance: 291.1 -9.2 to replacement value property insurance. / Life assuarance 25.3 -75.2 . Small and middle-size businesses' awareness 64.0 21.1 of the need for insurance and growth of insu- / Personal insurance, except for life assuarance 185.6 21.2 rance volume in that segment. / Property insurance . Starting of insurance against the risks, active- / Liability insurance 16.2 32.4 ly insured on the West, but not used to be Compulsory insurance, including: 199.5 32.0 insured in Russia. . Growth of individual person insurance. / Compulsory health insurance 140.7 44.8 . Active development of cumulative life / Compulsory fund proprietor's third party 53.7 9.1 assuarance. insurance . Possible Russian accession to WTO, which / Other types of compulsory insurance 5.1 7.1 will result in large foreign players' entering Table 7 the market.
/ www.sogaz.ru / / theory&practice of development strategy/Group's development
for 2005 trends for 2005-2007/ ANNUAL REPORT ANNUAL
The targets should be concrete and realistic, and quantitative. William Dyer
At the beginning of 2005 the company approved Deve- potential is determined by SOGAZ Group's client obligations, lopment Strategy describing SOGAZ Insurance Group as well as by legislative regulations, for example, provisions activity for 2005-2007. of Law on Compulsory Motor Third Party Liability Insurance. The strategy envisages achievement of the following According to Development Strategy, SOGAZ Group plans three main goals by 2007: to increase its participation in projects connected with . Twofold increase of insurance premium oil, transport and a number of other industries. Irres- amount as compared with figures of 2004. pective of increase of Group's operation share on open . Increase in the Group's capitalization. market, SOGAZ's key strategic partner is still Gazprom . SOGAZ Insurance Group's integration into inter- Group. In the next three years the Group plans national insurance market. to strengthen its cooperation with JSC Gazprom and its subsidiary companies. The group focuses on implemen- increase of insurance premium amount tation of comprehensive insurance programs in all
GROUP'S SOGAZ Insurance Group intends to increase insurance premi- Gazprom production facilities, improvement of risk man- xv um collections to over 30 bln RUB in 2007. SOGAZ Group per- agement system, as well as social protection increase formance indicators of 2005 (insurance premium exceeds of gas industry employees using insurance tools. 27 bln RUB) give grounds to think that the 2007 perform- ance will significantly exceed the planned figures. One increase in SOGAZ Insurance Group's capi- of the main development trends of SOGAZ Company will be talization Growth of collected insurance premi- to further extend the regional network. While other ums will entail capitalization increase of the SOGAZ Group insurance companies primarily operated in Moscow member companies. Another important factor to support
DEVELOPMENT DEVELOPMENT region at the initial stage and started active regional this process is the acquisition of insurance companies, expansion in recent years, SOGAZ's activity had diversified which will attract new large clients. Thus, within the regional structure from the very beginning. In this regard course of Group Development Strategy implementation the companies, Group members, accumulated great expe- SOGAZ purchased control stake of LLC SK Neftepolis regis- rience of effective regional network formation. Regional tered capital in August 2005. Neftepolis Company specia- expansion of many Moscow companies resulted in cre- lizes on comprehensive insurance protection of oil pro- ation of ineffective cost-intensive networks with unrea- ducing enterprises. LLC SK Neftepolis affiliation will pri- sonably high presence in the regions of low insurance marily contribute to further intensification of SOGAZ potential. This strategy can lead to reduction of insurers' work with large Russian and foreign enterprises from TRENDS FOR 2005-2007 corporate value. Peculiarity of SOGAZ Insurance Group's different economic branches. approach to its regional network is that efforts are focused Another factor of the Group's capitalization increase will on the regions of high insurance potential. In this regard, be formation of corporate management system accord- the level of presence in the regions of low insurance ing to international standards.
/ / Greater Opportunities. Greater Responsibility. SOGAZ GROUP INSURANCE
This process will include introduction of transparency and information disclosure mechanisms, including reporting preparation according to International Accounting Standards and monitoring of strategy imple- mentation in the form of balanced parameter system, as well as increase of Board role in Group's strategic man- agement.
SOGAZ Insurance Group's integration into international insurance market Integration into international market will have several develop- ment lines. The Group will continue to participate in for- eign projects realized by JSC Gazprom and new strategic clients. SOGAZ intends to actively strengthen its pres- ence on insurance market of the near abroad countries. Participation in various international pools and associa- tions will contribute to the goal achievement. For exam- ple, SOGAZ Group was a member of Russian Ship-Owner Liability Insurance Pool (P&I Pool) for many years, and in 2005 the Group joined Green Cart International Civil Liability Insurance System. Cooperation with foreign companies will also be deve- loped. It will include both foreign insurers' risk reinsu- rance and insurance of international companies operat- ing on the Russian market.
/ www.sogaz.ru / annual report | 2005 theory&practice of exact settlements
/ANNUAL xvi. JSC SOGAZ Financial Report REPORT xvii. JSC SOGAZ Profit and Loss Statement SECTIONS xviii. LLC SK Neftepolis Financial Report xix. LLC SK Neftepolis Profit and Loss Statement xx. JSC Gazprommedstrakh Financial Report xxi. JSC Gazprommedstrakh Profit and Loss Statement xxii. LLC SK SOGAZ-Life Financial Report xxiii. LLC SK SOGAZ-Life Profit and Loss Statement
Proper financial policy is one of the key factors of SOGAZ Group's dynamic development and increased capitalization. Effective strategic planning is possible only when financial flows are transparent and are thoroughly analyzed. With exact knowledge and consideration of current income and expenditures, SOGAZ forms optimal investment allocation mechanisms that support constant growth of corporate value of both members and the Group. xviJSCSOGAZ / /
ANNUAL REPORT FINANCIAL for 2005
REPORT assets assets Assets of exactsettlements theory Investments Intangible Assets rmu utd yrisrr–– – Reinsurers' shareofinsuranceprovisions Premium custodybyreinsurer Other investments Accounts receivable forreinsuranceoperations for insuranceandreinsurance operations Accounts receivable & practice financial report / / / adpos–– – / including: affiliates andotherorganizations financial investmentsinsubsidiaries, buildings land plots including: / / te netet – other investments deposits state andmunicipalsecurities including: nlf surnersre – – in lossprovisions in unearnedpremiumprovisions in lifeassuarancereserves including: other debtors insurance agents insured entities including: etscrte fadceisgatd – – shares ofotherorganizations of subsidiariesandaffiliates; contributions toauthorized(reserve)capitals to subsidiariesandaffiliates debt securitiesofandcreditsgranted shares ofsubsidiariesandaffiliates otiuin oatoie rsre aias – – of otherorganizations contributions toauthorized(reserve)capitals to subsidiariesandaffiliates debt securitiesofandcreditsgranted / JSC SOGAZ / ttebgnig attheend oftheaccountingyear of theaccountingyear at thebeginning 3 2 3135976 2 634924 4 5 6490452 4 243254 6 2 877965 1 868422 3 7 453411 1 034373 8 8 3332105 1 585185 1 9 709975 1 616196 7 3 964569 1 079231 8 7 3099363 1 585173 1 3 1048 937 1 115436 3 4 424554 834 049 9 4 1707541 694 343 2 8 224410 224 385 0 0 494050 100 000 40891839 74 098 10819304 31 068 31522371 23 145 3 65064 5 137 0 344 306 254742 12 178 000 ths RUB / Greater Opportunities. Greater Responsibility. SOGAZ GROUP INSURANCE
Assets (continuation) ths RUB assets at the beginning at the end of the accounting year of the accounting year Accounts receivable (payments expected in the period exceeding 3 653 3 186 12 months following the reporting date) Other accounts receivable (payments expected within 1 352 992 935 834 12 month period following the reporting date) Fixed assets 139 902 171 831 Construction-in-progress 55 752 86 110 Deferred tax assets 4 257 4 458 Inventories 41 414 50 045 including: raw materials and other equivalent valuables 4 993 6 415 pre-paid expenses 36 421 43 630 other inventory and expenses – –
Input value-added tax – – Cash 3 463 454 4 273 546 Other assets 239 844 665 873
Total for the section 12 602 784 14 700 420
Balance 12 602 784 14 700 420 to be continued on the next page s
/ www.sogaz.ru / / theory&practice of exact settlements/ JSCSOGAZ
for 2005 financial report/ ANNUAL REPORT ANNUAL
Liabilities ths RUB
liabilities at the beginning at the end of the accounting year of the accounting year Capital and provisions Share capital 935 117 935 117 Own shares redeemed from shareholders – – Incremental capital 14 038 14 038
Reserve capital 33 779 46 756 including: provisions made according 33 779 46 756 to the legislation provisions made according to the articles of association – –
Retained profits (uncovered loss) 1 083 038 2 880 219
Total for the section 2 065 972 3 876 130
Insurance provisions Life assuarance provisions 533 809 435 772 Unearned premium provisions 3 468 392 4 889 147 Loss provisions 3 396 331 2 363 774 Other insurance provisions 495 255 2 054 113 Reserves for compulsory health insurance – –
Total for the section 7 893 787 9 742 806
Liabilities Outstandings for premium custody against reinsurers – – Long-term loans and credits – – Deferred tax liability – 240 238 Short-term loans and credits – 350 000
Accounts payable for insurance 39 342 153 805 and reinsurance operations including: insured entities – – insurance agents 39 342 40 216 other creditors – 113 589 Accounts payable for reinsurance operations 687 708 93 228
/ / Greater Opportunities. Greater Responsibility. SOGAZ GROUP INSURANCE
Liabilities (continuation) ths RUB liabilities at the beginning at the end of the accounting year of the accounting year Other accounts payable 1 867 429 153 692 including: due to organisation's personnel 1 516 707 due to state non-budgetary funds 811 1 761 tax and charge liabilities 4 777 46 280 other creditors 1 860 325 104 944
Due to shareholders (founders) – – for income payment Deferred revenue – – Provisions for liabilities 4 760 5 214 Reserves for preventive measures 43 786 85 307 Other liabilities ––
Total for the section 2 643 025 1 081 484
Balance 12 602 784 14 700 420
Valuables in off-balance sheet accounts Rented fixed assets 4 405 135 264 including leased assets – 1 170 Inventory items under custody – – Written-off indebtedness of insolvent debtors – 17 683 Security for obligations and payments received – – Security for obligations and payments issued – 69 556 Depreciation of residential properties – – Depreciation of public service facilities – – and other equivalent facilities Intangible assets received for use – –
/ www.sogaz.ru / xviiJSCSOGAZ / /
ANNUAL REPORT PROFIT AND LOSS for 2005 I. assets Profit andLossStatement of exactsettlements theory II. Results oflifeassuarance operations STATEMENT Life assuarance Non-life assuarance nuac rmus(otiuin)—netreinsurance Insurance premiums(contributions) net reinsurance — Changes inlifeassuaranceprovisions net reinsurance Changes inlifeassuaranceprovisions— net reinsurance Payments forinsurancecontracts, Investment income xessfrivsmns–– – Expenses forinvestments net reinsurance Changes inprovisionsforunearned premiums— nuac rmus—netreinsurance Insurance premiums— & practice transferred toreinsurers —total insurance premiums(contributions) profit andlossstatement enues hr – – – – – – – expenses forconcludinginsurancecontracts – – changes inreinsurers'sharesprovisions total changes inlifeassuaranceprovisions— – reinsurers' share total payments underinsurancecontracts— as aresultofcorrectedestimate changes invalueoffinancialinvestments income fromtheparticipationinotherorganisations interest receivable including: transferred toreinsurers —total insurance premiums(contributions) hne nvleo iaca netet –– – – – – as aresultofcorrectedestimate changes invalueoffinancialinvestments including: for reinsurancecontracts renumeration andprofitshares other expensesforinsuranceoperations changes inprovisions forunearnedpremiums —total / JSC SOGAZ / eidpreviousyear forthesameperiod period for theaccounting 18020 (582 003) (1 830250) 14075 (79390) (1 420755) 5182511079 957 15 138245 411039018 330 14 121073 10712 (2061 627) (1 017172) 1565 (285448) (175 635) 1565 (285448) (175 635) 02840772 40812 60 268 60 268 807(70148) (70148) 98 037 98 037 126315171 315171 21 246 21 246 9 305 3 897 1)(82) (19) (19) ths RUB (82) – / Greater Opportunities. Greater Responsibility. SOGAZ GROUP INSURANCE
Profit and Loss Statement (continuation) ths RUB assets for the accounting for the same period period previous year changes in reinsurers' shares in provisions (409 495) (502 613) Actual loss — net reinsurance (7 112 410) (6 965 899) Payments for insurance contracts, (7 564 005) (5 760 344) net reinsuranceе payments under insurance contracts — total (8 042 106) (6 297 723) reinsurers' share 478 101 537 379 Changes in loss provisions — net reinsurance 451 595 (1 205 555) changes in loss provisions — total 1 032 557 (1 710 024) changes in reinsurers' shares in provisions (580 962) 504 469 Changes in other insurance provisions (1 558 858) (64 388) Deductions from insurance premiums (54 006) (36 409) including: payments to warranty provisions (4 162) (3 351) deductions to the provision for current (8 324) (6 702) compensation payments
Changes in life assuarance provisions — (847 093) (512 515) net reinsurance expenses for concluding insurance contracts (854 807) (170 911) other expenses for insurance operations (29 713) (568 983) renumeration and profit shares 37 427 227 379 for reinsurance contracts
Results of non-life assuarance operations 2 718 456 857 116
III.Other income and expenses uncovered by sections I and II Investment income 10 287 255 7 083 791 including: interest receivable 119 062 126 969 income from the participation 13 506 5 538 in other organisations changes in value of financial investments 1 001 127 218 747 as a result of corrected estimate
Expenses for investments (8 792 736) (6 518 005) including: to be continued on the next page
changes in value of financial investments s as a result of corrected estimate – (1 759)
/ www.sogaz.ru / / theory&practice of exact settlements/ JSCSOGAZ LLC
for 2005 profit and loss statement/ SK Neftepolis financial report/ ANNUAL REPORT ANNUAL
Profit and Loss Statement (continuation) ths RUB
assets for the accounting for the same period period previous year Management expenses (1 465 764) (1 141 751) Operating income, except for those related to investments 147 218 81 776 including: interest receivable 116 333 18 493 Operating expenses, except for those related to investments (30 603) (33 353) including: interest payable (14 336) – Non-operating income 103 140 103 638 Non-operating expenses (273 509) (115 936) Profit (loss) before tax 2 697 354 317 581 Deferred tax assets 201 4 950 Deferred tax liability (240 238) (693) Current profit tax (534 946) (132 535) Net profit (loss) of the accounting period 1 922 371 189 303
For reference: Fixed tax liabilities (assets) 73 238 16 871 Basic profit (loss) per share – – Diluted profit (loss) per share – –
Breakdown of Some Profits and Losses ths RUB
index name for the accounting for the same period period of previous year profit loss profit loss
Penalties, fees and forfeits admitted or decided –––– by the (arbitration) court to be recovered Profit (loss) of previous years 21 933 114 495 852 28 613 Reimbursement of loss resulted from non-fulfillment –––– or improper fulfillment of obligations Exchange rate difference for foreign currency operations 61 417 66 485 93 348 53 711 Payments to assessed provisions x – x – Writing-off of accounts receivable and payable – 17 683 1 564 755 with the limitation period expired
/ xviiiLLCSK NEFTEPOLIS / / SOGAZ www.sogaz.ru INSURANCE GROUP
FINANCIAL Greater Responsibility. Greater Opportunities.
REPORT Assets assets Assets Investments Intangible Assets Premium custodybyreinsurer and reinsuranceoperations Accounts receivableforinsurance Other investments Reinsurers' shareofinsuranceprovisions adpos–– – / / / / including: affiliates andotherorganizations financial investmentsinsubsidiaries, buildings land plots including: / / te netet – other debtors insurance agents insured entities including: in lossprovisions in unearnedpremiumprovisions other investments deposits state andmunicipalsecurities including: in lifeassuarancereserves including: hrso usdaisadaflae -- – – – – – shares ofotherorganizations of subsidiariesandaffiliates contributions toauthorized(reserve)capitals and affiliates debt securitiesofandcreditsgrantedtosubsidiaries shares ofsubsidiariesandaffiliates contributions toauthorized(reserve)capitals and affiliates debt securitiesofandcreditsgrantedtosubsidiaries of otherorganizations ttebgnig attheend oftheaccountingyear of theaccountingyear at thebeginning 6 3 991510 264 039 8 5 309623 382 454 5 4 169159 250 748 4 6 1648157 644 661 4 5 151909 242 858 1421079 358 342 3 9 234452 232 296 0 8 223739 103 889 8 1 227078 286 319 8 8 3339 182 280 5 4 75171 150 142 433352431 94 303 6 16718 7 069 / 150 2 532 821 429 34 16 18 –– 77 138 ths RUB – – –
sto be continued on the next page / theory&practice of exact settlements/ LLCSK Neftepolis
for 2005 financial report/ ANNUAL REPORT ANNUAL
Assets (continuation) ths RUB
assets at the beginning at the end of the accounting year of the accounting year Accounts receivable for reinsurance operations 47 561 14 068 Accounts receivable (payments expected in the period – – exceeding 12 months following the reporting date) Other accounts receivable (payments expected 57 503 78 159 within 12 month period following the reporting date) Fixed assets 179 975 176 210 Construction-in-progress 115 891 Deferred tax assets 37 363 Inventories 6 253 4 659 including: raw materials and other equivalent valuables 3 017 2 468 pre-paid expenses 3 236 2 191 other inventory and expenses – – Input value-added tax – – Cash 334 224 651 216 Other assets 186 70
Total for the section 1 903 769 3 052 604
Balance 1 903 769 3 052 604
/ / Greater Opportunities. Greater Responsibility. SOGAZ GROUP INSURANCE
Liabilities ths RUB liabilities at the beginning at the end of the accounting year of the accounting year Capital and provisions Share capital 250 000 350 000 Own shares redeemed from shareholders – – Incremental capital – –
Reserve capital 13 026 19 592 including: provisions made according 13 026 19 592 to the legislation provisions made according – – to the articles of association
Retained profits (uncovered loss) 167 189 203 205
Total for the section 430 215 572 797
Insurance provisions Life assuarance provisions 22 023 305 543 Unearned premium provisions 552 807 606 044 Loss provisions 410 636 304 167 Other insurance provisions 101 976 181 601 Reserves for compulsory health insurance – –
Total for the section 1 087 442 1 397 355
Liabilities Outstandings for premium custody against reinsurers – – Long-term loans and credits – – Deferred tax liability 8 – Short-term loans and credits – – Accounts payable for insurance 28 640 832 828 and reinsurance operations including: insured entities 27 193 831 071 insurance agents 598 712
other creditors 849 1 045 to be continued on the next page s Accounts payable for reinsurance operations 197 463 102 559
/ www.sogaz.ru / / theory&practice of exact settlements/ LLCSK Neftepolis LLC
for 2005 financial report/ SK Neftepolis profit and loss statement/ ANNUAL REPORT ANNUAL
Liabilities (continuation) ths RUB liabilities at the beginning at the end of the accounting year of the accounting year Other accounts payable 25 531 12 306 including: due to organisation's personnel 10 511 255 due to state non-budgetary funds 155 96 tax and charge liabilities 13 668 11 295 other creditors 1 197 660
Due to shareholders (founders) – – for income payment Deferred revenue – – Provisions for liabilities 1 162 1 031 Reserves for preventive measures 133 308 133 728 Other liabilities ––
Total for the section 386 112 1 082 452
Balance 1 903 769 3 052 604
Valuables in off-balance sheet accounts Rented fixed assets 116 1 114 including leased assets –– Inventory items under custody 2 – Written-off indebtedness of insolvent debtors – – Security for obligations and payments received – – Security for obligations and payments issued – – Depreciation of residential properties – – Depreciation of public service facilities – – and other equivalent facilities Intangible assets received for use – – Strict security forms 247 797 226 429
/ xixLLCSK NEFTEPOLIS / / SOGAZ www.sogaz.ru INSURANCE GROUP
PROFIT AND LOSS Greater Responsibility. Greater Opportunities. II. I. assets Profit andLossStatement Results oflifeassuarance operations STATEMENT Life assuarance Non-life assuarance net reinsurance — Changes inlifeassuaranceprovisions net reinsurance — Payments forinsurancecontracts Investment income nuac rmus(otiuin)—netreinsurance Insurance premiums(contributions) net reinsurance — Changes inprovisionsforunearned premiums nuac rmus—netreinsurance Insurance premiums— xessfrivsmns–– – Expenses forinvestments net reinsurance — Expenses forinsuranceoperations rnfre orisrr – transferred toreinsurers —total insurance premiums(contributions) transferred toreinsurers —total insurance premiums(contributions) enues hr – – – – – changes inreinsurers'sharesprovisions changes inlifeassuaranceprovisions—total – reinsurers’ share total payments underinsurancecontracts— as aresultofcorrectedestimate changes invalueoffinancialinvestments income fromtheparticipationinotherorganisations interest receivable including: total — changes inprovisionsforunearned premiums hne ncs ffnnilivsmns – – – – – – as aresultofcorrectedestimate changes incostoffinancialinvestments including: under reinsurancecontracts renumeration andprofitshares other expensesforinsuranceoperations expenses forconcludinginsurancecontracts eidpreviousyear forthesameperiod period for theaccounting 6 0 1416 882 1 567702 5674 (593487) (576 794) 2356 336326 (283 536) 2350 336310 (283 520) 9 0 823395 990 908 5 3)(72040) (53 237) 9 3 40745 40707 296 137 296 137 5 8)6905 (51 081) 302 (400089) (400089) (3 032) (3 032) 54511188 15 405 0 34304 34304 5 900 5 900 / 6)(60) (64) 6)(60) (64) 1)16 (16) ths RUB (38)
sto be continued on the next page / theory&practice of exact settlements/ LLCSK Neftepolis
for 2005 profit and loss statement/ ANNUAL REPORT ANNUAL
Profit and Loss Statement (continuation) ths RUB
assets for the accounting for the same period period previous year changes in reinsurers' shares in provisions 2 156 78 945 Actual loss — net reinsurance (399 381) (411 745) Payments for insurance contracts — (430 879) (353 465) net reinsurance payments under insurance contracts — (440 079) (361 358) total reinsurers’ share 9 200 7 893 Changes in loss provisions — net reinsurance 31 498 (58 280) changes in loss provisions — total 106 469 (141 934) changes in reinsurers' shares in provisions (74 971) 83 654 Changes in other insurance provisions (79 625) (32 803) Deductions from insurance premiums (3 886) (4 027) including: payments to warranty provisions (1 155) (1 294) deductions to provisions for current (2 310) (2 588)
Changes in life assuarance provisions — net reinsurance (188 258) (162 876) expenses for concluding insurance contracts (66 485) (56 067) other expenses for insurance operations (137 165) (127 251) renumeration and profit shares 15 392 20 442 for reinsurance contracts
Results of non-life assuarance operations 268 677 218 849
III.Other income and expenses uncovered by sections I and II Investment income 1 856 943 2 097 571 including: interest receivable 103 825 70 291 income from the participation in other organisations – – changes in value of financial investments 14 812 46 462 as a result of corrected estimate
Expenses for investments (1 742 131) (1 966 155) including: changes in value of financial investments (9 865) (6 901) as a result of corrected estimate
/ / Greater Opportunities. Greater Responsibility. SOGAZ GROUP INSURANCE
Profit and Loss Statement (continuation) ths RUB assets for the accounting for the same period period previous year Management expenses (139 067) (131 251) Operating income, except for those related to investments 12 656 8 565 including: interest receivable 1 225 – Operating expenses, except for those related to investments (9 779) (12 734) including: interest payable – – Non-operating income 22 891 32 400 Non-operating expenses (61 272) (66 514) Profit (loss) before tax 224 323 191 919 Deferred tax assets 289 (651) Deferred tax liability 783 Current profit tax (62 581) (43 884) Corrected profit tax for the previous period 242 (16 145) Net profit (loss) of the accounting period 162 280 131 322
For reference: Fixed tax liabilities (assets) 11 719 (938) Basic profit (loss) per share – – Diluted profit (loss) per share – –
Breakdown of Some Profits and Losses ths RUB index name for the accounting for the same period period of previous year profit loss profit loss
Penalties, fees and forfeits admitted or decided 5455 63 by the (arbitration) court to be recovered Profit (loss) of previous years 4 864 11 780 6 318 15 443 Reimbursement of loss resulted from non-fulfillment – – – – or improper fulfillment of obligations Exchange rate difference for foreign currency operations 13 590 12 908 25 187 31 961 Payments to assessed provisions x – x – Writing-off of accounts receivable and payable – 234 – 124 with the limitation period expired
/ www.sogaz.ru / xxJSCGAZPROMMEDSTRAKH / /
ANNUAL REPORT FINANCIAL for 2005 Intangible Assets assets Assets REPORT of exactsettlements theory Investments Other investments rmu utd yrisrr–– – Accounts receivableforreinsurance operations and reinsuranceoperations Accounts receivableforinsurance Reinsurers' shareofinsuranceprovisions Premium custodybyreinsurer & practice nlf surnersre – – – – in lossprovisions in unearnedpremiumprovisions in lifeassuarancereserves including: financial report adpos–– – / / / / / / including: affiliates andotherorganizations financial investmentstosubsidiaries, buildings land plots including: nuac gns–– – – other debtors – insurance agents insured entities including: other investments deposits state andmunicipalsecurities including: hrso te raiain – – – – – – – – contributions toauthorized(reserve)capitals to subsidiariesandaffiliates debt securitiesofandcreditsgranted shares ofotherorganizations of subsidiariesandaffiliates; contributions toauthorized(reserve)capitals and affiliates debt securitiesofandcreditsgrantedtosubsidiaries shares ofsubsidiariesandaffiliates of otherorganizations / JSC Gazprommedstrakh / ttebgnig attheend oftheaccountingyear of theaccountingyear at thebeginning 0 2 698538 202 528 2 1 34619 127 318 7 1 690018 171 015 00513910 50 005 28513910 52 855 8855000 5000 18 885 18 885 17018910 71 740 1538520 31 513 8 446 446 3 584 3 584 2 850 –– ths RUB – / Greater Opportunities. Greater Responsibility. SOGAZ GROUP INSURANCE
Assets (continuation) ths RUB assets at the beginning at the end of the accounting year of the accounting year Accounts receivable (payments expected in the period exceeding 94 262 66 237 12 months following the reporting date) Other accounts receivable (payments expected 52 158 64 194 within 12 month period following the reporting date) Fixed assets 28 432 24 559 Construction-in-progress 1 658 52 Deferred tax assets – 11 Inventories 3 778 5 285 including: raw materials and other equivalent valuables 851 1 538 pre-paid expenses 2 927 3 747 other inventory and expenses – –
Input value-added tax – – Cash 203 283 306 096 Other assets: 2 –
Total for the section 788 743 1 218 947
Balance 788 743 1 218 947 to be continued on the next page s
/ www.sogaz.ru / / theory&practice of exact settlements/ JSCGazprommedstrakh
for 2005 financial report/ ANNUAL REPORT ANNUAL
Liabilities ths RUB
liabilities at the beginning at the end of the accounting year of the accounting year Capital and provisions Share capital 102 500 102 500 Own shares redeemed from shareholders – – Incremental capital – –
Reserve capital 5 278 5 278 including: provisions made according 5 278 5 278 to the legislation provisions made according – – to the articles of association
Retained profits (uncovered loss) 25 172 26 397
Total for the section 132 950 134 175
Insurance provisions Life assuarance provisions – – Unearned premium provisions 47 728 8 442 Loss provisions 93 873 12 078 Other insurance provisions – – Reserves for compulsory health insurance 104 012 730 882
Total for the section 245 613 751 402
Liabilities Outstandings for premium custody against reinsurers – – Long-term loans and credits – – Deferred tax liability 21 17 Short-term loans and credits – –
Accounts payable for insurance and reinsurance operations 2 786 132 850 including: insured entities 2 076 132 533 insurance agents 710 317 other creditors – – Accounts payable for reinsurance operations – –
/ / Greater Opportunities. Greater Responsibility. SOGAZ GROUP INSURANCE
Liabilities (continuation) ths RUB liabilities at the beginning at the end of the accounting year of the accounting year Other accounts payable 270 332 76 296 including: due to organisation's personnel 393 370 due to state non-budgetary funds 120 97 tax and charge liabilities 68 385 52 606 other creditors 201 434 23 223
Due to shareholders (founders) for income payment – – Deferred revenue 82 82 Provisions for liabilities – – Reserves for preventive measures 136 959 124 116 Other liabilities – 9
Total for the section 410 180 333 370
Balance 788 743 1 218 947
Valuables in off-balance sheet accounts Rented fixed assets 5 386 18 533 including leased assets 5 386 18 533 Inventory items under custody 10 10 Written-off indebtedness of insolvent debtors – – Security for obligations and payments received – – Security for obligations and payments issued 10 000 – Depreciation of residential properties – – Depreciation of public service facilities and other equivalent facilities – – Intangible assets received for use – – Strict security forms 151 430 Furniture and process inventory in use 2 992 5 190
/ www.sogaz.ru / xxiJSCGAZPROMMEDSTRAKH / /
ANNUAL REPORT PROFIT AND LOSS for 2005 assets Profit andLossStatement (Form№2) Results oflifeassuarance operations I. of exactsettlements theory II. STATEMENT Life assuarance Non-life assuarance xessfrivsmns–– – – – – – – – – Expenses forinvestments – net reinsurance — Expenses forinsuranceoperations – net reinsurance — Changes inlifeassuaranceprovisions net reinsurance – — Payments forinsurancecontracts Investment income —netreinsurance Insurance premiums(contributions) net reinsurance — Changes inprovisionsforunearned premiums Insurance premiums—netreinsurance & practice rnfre orisrr -- transferred toreinsurers —total insurance premiums(contributions) sarsl fcretdetmt – – – – – – – – – – – – – – – – as aresultofcorrectedestimate changes incostoffinancialinvestments – – including: – under reinsurancecontracts renumeration andprofitshares – other expensesforinsuranceoperations – expenses forconcludinginsurancecontracts – – – changes inreinsurers'sharesprovisions total changes inlifeassuaranceprovisions— – reinsurers’ share – —total payments underinsurancecontracts as aresultofcorrectedestimate changes incostoffinancialinvestments income fromtheparticipationinotherorganisations interest receivable including: transferred toreinsurers —total insurance premiums(contributions) hne npoiin o nandpeim total changes inprovisions forunearnedpremiums — profit andlossstatement / JSC Gazprommedstrakh / eidpreviousyear forthesameperiod period for theaccounting 062257737 222402 40 682 40 682 926178242 178242 39 286 39 286 –– (35 335) ths RUB / Greater Opportunities. Greater Responsibility. SOGAZ GROUP INSURANCE
Profit and Loss Statement (Form № 2) (continuation) ths RUB assets for the accounting for the same period period previous year changes in reinsurers' shares in provisions -- -- Actual loss — net reinsurance (25 531) (230 730) Payments for insurance contracts — (104 188) (568 871) net reinsurance payments under insurance contracts — total (107 043) (929 947) reinsurers’ share 2 855 361 076 Changes in loss provisions — net reinsurance 78 657 338 141 changes in loss provisions — total 81 795 344 479 changes in reinsurers' shares in provisions (3 138) (6 338) Changes in other insurance provisions -- -- Deductions from insurance premiums -- -- including: payments to warranty provisions -- -- deductions to provisions -- -- for current compensation payments
Changes in life assuarance provisions — (6 206) (88 424) net reinsurance expenses for concluding insurance contracts (5 856) (7 137) other expenses for insurance operations (350) (81 287) renumeration and profit shares -- -- for reinsurance contracts
Results of non-life assuarance operations 48 231 81 490
III.Other income and expenses uncovered by sections I and II Investment income 23 123 152 975 including: interest receivable 23 123 207 income from the participation in other organisations -- -- changes in value of financial investments -- -- as a result of corrected estimate
Expenses for investments (594) (168 718) including:
changes in cost of financial investments -- -- to be continued on the next page as a result of corrected estimate s Management expenses (54 938) (48 993)
/ www.sogaz.ru / / theory&practice of exact settlements/ JSCGazprommedstrakh
for 2005 profit and loss statement/ ANNUAL REPORT ANNUAL
Profit and Loss Statement (Form № 2) (continuation) ths RUB
assets for the accounting for the same period period previous year Operating income, except for those related to investments 55 504 2 160 including: interest receivable – 1 170 Operating expenses, except for those related to investments (20 577) (3 775) including: interest payable – – Non-operating income 117 18 278 Non-operating expenses (10 055) (10 360) Profit (loss) before tax 40 811 23 057 Deferred tax assets 11 – Deferred tax liability (4) (21) Current profit tax (39 601) (16 181) Corrected profit tax for the previous year –– Net profit (loss) of the accounting period 1 225 6 855
For reference: Fixed tax liabilities (assets) 1 766 – Basic profit (loss) per share – – Diluted profit (loss) per share – –
Breakdown of Some Profits and Losses ths RUB
index name for the accounting for the same period period of previous year profit loss profit loss
Penalties, fees and forfeits admitted or decided – – – – by the (arbitration) court to be recovered Profit (loss) of previous years 337 3 381 – – Reimbursement of losses resulted from non-fulfillment or improper fulfillment of obligations – – – – Exchange rate difference for foreign currency operations 117 721 –– Payments to assessed provisions x – x – Writing-off of accounts receivable and payable – – – – with the limitation period expired
/ / Greater Opportunities. Greater Responsibility. SOGAZ GROUP INSURANCE
Profit and Loss Statement (Form № 2а) ths RUB assets at the beginning at the end of the accounting year of the accounting year Compulsory health insurance Insurance payments 8 587 527 1 592 649 including: subventions – – Income from investments aimed to replenish provisions 1 528 – for compulsory health insurance including: provisions for health services 761 – backup provisions 619 – financing provisions 148 – for preventive measures
Expenses for health services (7 723 619) (1 474 317) Changes in provisions for health services (609 185) (36 812) Changes in backup provisions (17 685) (8 127) Deductions to provisions (86 641) 15 591 for preventive measures Legal expenses (174 624) 73 044 Other expenses for compulsory 45 798 15 468 health insurance Other expenses for compulsory (2 305) 226 health insurance Results of compulsory health insurance operations 20 794 –
Other income and expenses Income from investments aimed to replenish provisions 1 968 – for compulsory health insurance including: interest receivable 1 968 – changes in value of financial investments – – as a result of corrected estimate
Income from investments aimed to replenish provisions – – for compulsory health insurance including: changes in value of financial investments as a result of corrected estimate – – to be continued on the next page s Income for investments aimed for replenishment of provisions (1 528) – for compulsory health insurance
/ www.sogaz.ru / / theory&practice of exact settlements/ JSCGazprommedstrakh
for 2005 profit and loss statement/ ANNUAL REPORT ANNUAL
Profit and Loss Statement (Form № 2а) (continuation) ths RUB
assets at the beginning at the end of the accounting year of the accounting year Results of investments aimed to replenish provisions 440 – for compulsory health insurance Income from investments aimed to replenish provisions for compulsory health insurance – – including: interest payable – – income from the participation in other organisations – – Changes in value of financial investments as a result of corrected estimate – –
Expenses for investments, except – – for those related to investments in compulsory health insurance including: changes in value of financial investments as a result of corrected estimate – –
Operating income, except for those related to investments – – including: interest receivable – –
Operating expenses, except for those related to investments – – including: interest payable – –
Non-operating income – – Non-operating expenses – – Profit (loss) before tax – – Deferred tax assets – – Deferred tax liability – – Current profit tax – – Net profit (loss) of the accounting period – –
For reference: Fixed tax liabilities (assets) – – Basic profit (loss) per share – – Diluted profit (loss) per share – –
/ / Greater Opportunities. Greater Responsibility. SOGAZ GROUP INSURANCE
Breakdown of Some Profits and Losses ths RUB index name for the accounting for the same period period of previous year profit loss profit loss
Penalties, fees and forfeits admitted or decided – – – – by the (arbitration) court to be recovered Profit (loss) of previous years – – – – Reimbursement of loss resulted from non-fulfillment – – – – or improper fulfillment of obligations Exchange rate difference for foreign currency operations – – – – Payments to assessed provisions x – x – Writing-off of accounts receivable and payable – – – – with the limitation period expired
/ www.sogaz.ru / xxiiLLC / /
SK SOGAZ-LIFE ANNUAL REPORT FINANCIAL for 2005 of exactsettlements theory assets Assets REPORT Intangible Assets & Investments rmu utd yrisrr–– – – Reinsurers' shareofinsuranceprovisions Premium custodybyreinsurer Other investments consrcial –– – for reinsurance operations Accounts receivable and reinsuranceoperations Accounts receivableforinsurance practice financial report adpos–– – / / / / / / including: affiliates andotherorganizations financial investmentsinsubsidiaries, buildings land plots including: te netet – other investments deposits state andmunicipalsecurities including: te etr – – – – – – other debtors insurance agents insured entities including: in lossprovisions in unearnedpremiumprovisions in lifeassuarancereserves including: fohrognztos–– – – – – – – – of otherorganizations – contributions toauthorized(reserve)capitals to subsidiariesandaffiliates debt securitiesofandcreditsgranted shares ofotherorganizations of subsidiariesandaffiliates contributions toauthorized(reserve)capitals and affiliates debt securitiesofandcreditsgrantedtosubsidiaries shares ofsubsidiariesandaffiliates / LL C KSOGAZ-Life SK / ttebgnig attheend oftheaccountingyear of theaccountingyear at thebeginning 0 6 1623389 202 062 3 3 1004198 730 137 400475000 84 000 432454880 64 332 432619191 64 332 370453293 53 730 0 2364 407 7 6832 574 8 9196 981 –– 164 311 75 905 ths RUB 125 157 32 / Greater Opportunities. Greater Responsibility. SOGAZ GROUP INSURANCE
Assets (continuation) ths RUB assets at the beginning at the end of the accounting year of the accounting year Accounts receivable (payments expected in the period exceeding – – 12 months following the reporting date) Other accounts receivable (payments expected 538 8 639 within 12 month period following the reporting date) Fixed assets 5 306 5 041 In-progress – 509 Deferred tax assets 919 167 Inventories 423 592 including: raw materials and other equivalent valuables 219 382 pre-paid expenses 204 210 other inventory and expenses – – Input value-added tax – 13 Cash 24 902 91 686 Other assets: ––
Total for the section 235 131 1 739 389
Balance 235 131 1 739 389 to be continued on the next page s
/ www.sogaz.ru / / / / /
ANNUAL REPORT for 2005 To Insurance provisions To Capital andprovisions liabilities Liabilities of exactsettlements theory Liabilities t t te nuac rvsos–– – – – Reserves forcompulsoryhealthinsurance Other insuranceprovisions Loss provisions Unearned premiumprovisions Life assuaranceprovisions hr-emlasadceis–– – – and reinsuranceoperations Accounts payableforinsurance Short-term loansandcredits Retained profits(uncoveredloss) nrmna aia – – – – Reserve capital Incremental capital Own sharesredeemedfromshareholders Share capital ogtr on n rdt – – – – Deferred taxliability Long-term loansandcredits Outstandings forpremiumcustodyagainstreinsurers al forthesection al forthesection & practice te rdtr – – – – – other creditors insurance agents insured entities including: rvsosmd codn –– – – – to thearticlesofassociation provisions madeaccording to thelegislation provisions madeaccording including: financial report / LL C KSOGAZ-Life SK / ttebgnig attheend oftheaccountingyear of theaccountingyear at thebeginning 7 6 1512661 177 465 8 9 1527766 181 390 00060000 60 000 658 75606 (6 508) 342135606 53 492 6 14367 3 860 5738 65 –– 1 ths RUB 1 666 1 666 510 / Greater Opportunities. Greater Responsibility. SOGAZ GROUP INSURANCE
Liabilities (continuation) ths RUB liabilities at the beginning at the end of the accounting year of the accounting year Accounts payable for reinsurance operations – 76
Other accounts payable 248 73 765 including: due to organisation's personnel – – due to state non-budgetary funds – – tax and charge liabilities 83 10 770 other creditors 165 62 995
Due to shareholders (founders) – – for income payment Deferred revenue – – Provisions for liabilities – – Reserves for preventive measures – – Other liabilities ––
Total for the section 249 76 017
Balance 235 131 1 739 389
Valuables in off-balance sheet accounts Rented fixed assets – – including leased assets –– Inventory items under custody – – Written-off indebtedness of insolvent debtors – – Security for obligations and payments received – – Security for obligations and payments issued – – Depreciation of residential properties – – Depreciation of public service facilities – – and other equivalent facilities Intangible assets received for use – –
/ www.sogaz.ru / xxiiiLLCSK SOGAZ-LIFE / /
ANNUAL REPORT PROFIT AND LOSS for 2005 of exactsettlements theory II. I. assets Profit andLossStatement Results oflifeassuarance operations STATEMENT Life assuarance Non-life assuarance nuac rmus(otiuin)—netreinsurance Insurance premiums(contributions) nuac rmus—netreinsurance Insurance premiums— net reinsurance — Changes inprovisionsforunearned premiums net reinsurance — Changes inlifeassuaranceprovisions net reinsurance — Payments forinsurancecontracts Investment income Expenses forinvestments net reinsurance Changes inlifeassuaranceprovisions— & practice profit andlossstatement changes inreinsurers'sharesprovisions total changes inlifeassuaranceprovisions— transferred toreinsurers —total insurance premiums(contributions) as aresultofcorrectedestimate changes invalueoffinancialinvestments including: transferred toreinsurers —total insurance premiums(contributions) changes inreinsurers' sharesinprovisions total changes inprovisionsforunearned premiums— enues hr – – reinsurers’ share total payments underinsurancecontracts— eueainadpoi hrsfrrisrnecnrcs–– – renumeration andprofitsharesforreinsurancecontracts other expensesforinsuranceoperations – expenses forconcludinginsurancecontracts – as aresultofcorrectedestimate changes invalueoffinancialinvestments income fromtheparticipationinotherorganisations interest receivable including: / LL C KSOGAZ-Life SK / eidpreviousyear forthesameperiod period for theaccounting 13516 (177465) (1 335196) 13501 (177465) (1 335071) 5 6 213081 1 650964 5 8 213081 1 651281 2852 (18762) (258 572) 2852 (18762) (258 572) 1 3)(6289) (15 439) 1 0)(3860) (10 507) 1 7)(3860) (10 475) 3 2 12798 136 722 1 2)(3054) (11 329) 9092233 99 069 (4 229) (4 229) 39057 53 910 410 (3235) (4 110) 5914518 15 981 6074518 16 017 1012176 31 011 37 – (317) (36) 125 32 ths RUB – – – – – / Greater Opportunities. Greater Responsibility. SOGAZ GROUP INSURANCE
Profit and Loss Statement (continuation) ths RUB assets for the accounting for the same period period previous year Actual loss — net reinsurance (2 170) (135) Payments for insurance contracts — (1 497) (70) net reinsurance payments under insurance contracts — total (1 497) (70) reinsurers’ share – – Changes in loss provisions — (673) (65) net reinsurance changes in loss provisions — total (673) (65) changes in reinsurers' shares in provisions – – Changes in other insurance provisions – – Deductions from insurance premiums – – including: payments to warranty provisions – – deductions to the provision for current compensation payments – –
Changes in life assuarance provisions — net reinsurance (148) (134) expenses for concluding insurance contracts (110) (65) other expenses for insurance operations (38) (69) renumeration and profit shares – – for reinsurance contracts
Results of non-life assuarance operations 3 188 389 to be continued on the next page s
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ANNUAL REPORT for 2005 III. assets Profit andLossStatement of exactsettlements theory Other incomeandexpensesuncoveredbysectionsIII Net profit(loss)oftheaccountingperiod Current profittax Deferred taxliability Deferred taxassets Profit (loss)beforetax Non-operating expenses Non-operating income Operating expenses,exceptforthoserelatedtoinvestments Operating income,exceptforthoserelatedtoinvestments Management expenses Expenses forinvestments Investment income & practice neetpybe–– – interest payable including: neetrcial – – interest receivable including: as aresultofcorrectedestimate changes invalueoffinancialinvestments including: profit andlossstatement noefo h atcpto nohrognstos–– – as aresultofcorrectedestimate changes invalueoffinancialinvestments income fromtheparticipationinotherorganisations interest receivable including: / LL C KSOGAZ-Life SK / (continuation) eidpreviousyear forthesameperiod period for theaccounting 1 9)(22) (11 790) 5 2)(21299) (51 124) 236 (70) (2 366) 515(7404) 95 165 82 114 (6 508) (6 82 114 5 796 9 854 8 704 3 085 6 18 5 362 59 (1) (509) 74 (94) (764) 72 919 (752) (421) (421) 57 976 19 –– ths RUB – – – / Greater Opportunities. Greater Responsibility. SOGAZ GROUP INSURANCE
Breakdown of Some Profits and Losses ths RUB index name for the accounting for the same period period of previous year profit loss profit loss
Penalties, fees and forfeits admitted or decided – – – – by the (arbitration) court to be recovered Profit (loss) of previous years – 5 –– Reimbursement of loss resulted from non-fulfillment –––– or improper fulfillment of obligations Exchange rate difference for foreign currency operations 1 ––– Payments to assessed provisions x – x- Writing-off of accounts receivable and payable –––– with the limitation period expired
/ www.sogaz.ru / annual report | 2005 theory&practice of unlimited opportunities
/ANNUAL xxiv. Contact Information REPORT xxv. Representatives of JSC SOGAZ SECTIONS xxvi. Representatives of LLC SK Neftepolis xxvii. Representatives of JSC Gazprommedstrakh
The Group aims to get closer to clients and has been steadily increasing its regional presence. As of the late 2005, the number of regional repre- sentative offices exceeded 330 and is increasing. The developing regional network of SOGAZ focuses on regions of high insurance potential. The highly efficient network of representative offices helps the Group fulfill its obligations for the benefit of its clients as soon as possible. / theory&practice of unlimited opportunities/contact
for 2005 information/representatives of JSCSOGAZ/ ANNUAL REPORT ANNUAL
Main Office Sales Offices SOGAZ Insurance Group SOGAZ Insurance Group address: 142770, Russia, in Moscow and Moscow region Moscow region, Leninsky district, address: 117334, Russia, Gazoprovod settlement, Business Center Moscow, Vavilova Street, 24, bld. 1 phone: +7 (495) 428 57 27 phone: +7 (495) 234 44 24 fax: +7 (495) 428 78 96 fax: +7 (495) 234 44 65
JSC SOGAZ office address: 115035, Russia, address: 142770, Russia, Moscow, Sadovnicheskaya Street, 82, bld. 1 Moscow region, Leninsky district, phone: +7 (495) 777 44 16 Gazoprovod settlement, Business Center fax: +7 (495) 730 00 03 phone: +7 (495) 428 57 27 fax: +7 (495) 428 78 96 address: 101000, Russia, Moscow, Starosadsky Lane, 6/12, bld. 1 LLC SK Neftepolis office phone: +7 (495) 621 37 09 address: 115035, Russia, fax: +7 (495) 730 01 11 Moscow, Bolotnaya Street, 16 phone: +7 (495) 777 44 16 address: 142114, Russia, fax: +7 (495) 730 01 11 Moscow region, CONTACT CONTACT Podolsk, xxiv JSC Gazprommedstrakh office Kl. Gotvalda Street, 8 address: 142770, Russia, phone: +7 (27) 68 26 12 Moscow region, Leninsky district, Gazoprovod settlement, Business Center address: 143000, Russia, phone: +7 (495) 428 78 03 Moscow region, Odintsovo district, fax: +7 (495) 428 78 17 Zhukovka village, INFORMATION Melnitsa Trade Center, 3rd floor LLC SK SOGAZ-Life office phone: +7 (495) 739 53 01, 739 53 16 address: 119192, Russia, fax: +7 (495) 418 35 07 Moscow, Michurinsky Avenue, 19, bld. 3 phone: +7(495) 631 58 58 fax: +7 (495) 631 56 46
/ xxvREPRESENTATIVES / / JSC SOGAZ www.sogaz.ru INSURANCE GROUP
OF SOGAZ Greater Responsibility. Greater Opportunities. subsidiary dalnevostochny subsidiary dagestan subsidiary astrakhan Artem Branch fax: fax: fax: fax: address: phone: Nizhne-Portovaya Street, Vladivostok, phone: Sverdlova Street, Astrakhan, phone: Kirova Street, Artem, Primorsky territory, Chasov AlekseiIlyich address: Guseinova PatimatNasrutdinovna address: Maksimova TatianaNikolaevna address: phone: Ermoshkina Street, Makhachkala, Republic ofDagestan, +7 (8237)98446 +7 (4232)300589 +7 (8722)675329 +7 (8512)633510 +7 (8237)98446 +7 (4232)302662 +7 (8722)605783 +7 (8512)633508 692760 690003 367000 414000 28 , Russia, , Russia, , Russia, , Russia, , bld. 59 A 24 301 1 A Nakhodka Branch subsidiary ekaterinburg Ussuriysk Branch Y Khabarovsk Branch uzhno-Sakhalinsk Branch address: phone: Avenue, Kommunistichesky Yuzhno-Sakhalinsk, Sakhalinsk region, phone: Letter V,bld.B Turgeneva Street, Khabarovsk, Primorsky territory, phone: phone: Nakhodkinsky Avenue, Nakhodka, Primorsky territory, phone: Rozy LyuksemburgStreet, Ekaterinburg, address: address: address: Rodygina AllaVladimirovna address: fax: fax: fax: fax: fax: Timiryazeva Street, Ussuriysk, Primorsky territory, +7 (4236)91198 +7 (343)37927 29 +7 (4242)5055 +7 (4212)411174 +7 (4234)322661 +7 (4236)91198 +7 (343)3565657 +7 (4242)5055 +7 (4212)411174 +7 (4234)322661 692500 692900 620075 693010 680000 24 A , Russia, , Russia, , Russia, , Russia, , Russia, 46 75 , , office 7 35 5 Nizhny-Tagil Branch Zarechny Branch Sysert Branch Rezh Branch Kurgan Branch address: fax: fax: fax: fax: address: Lenina Street, Zarechny, Sverdlovsk region, phone: Lenina Street, Rezh, Sverdlovsk region, phone: Timiryazeva Street, Sysert, Sverdlovsk region, address: address: address: phone: Lenina Avenue, Nizhny Tagil, Sverdlovsk region, phone: phone: Sovetskaya Street, Kurgan, +7 (34374)30605 +7 (34364)32388 +7 (3522)463912 +7 (3435)419278 +7 (34377)71081 +7 (34374)21446 +7 (34364)32388 +7 (3522)463912 +7 (3435)419278 622025 624251 624022 623750 640018 / 10 35 , Russia, , Russia, , Russia, , Russia, , Russia, 67 , office , bld. 113 41 213 14
sto be continued on the next page / theory&practice of unlimited opportunities/representatives JSC
for 2005 of SOGAZ/ ANNUAL REPORT ANNUAL zapadny (western) krasnodar nizhnevolzhsky subsidiary subsidiary subsidiary address: 236040, Russia, address: 350020, Russia, address: 400119, Russia, Kaliningrad, Krasnodar, Volgograd, L. Tolstogo Street, 5 Galitskogo Street, 20 Krasnaya street, 139 phone: +7 (8442) 47 26 94 phone: +7 (401) 253 82 92 phone: +7 (861) 255 33 00 nizhny novgorod fax: +7 (8442) 47 26 94 fax: +7 (401) 253 84 33 fax: +7 (861) 255 33 00 subsidiary Serdechnyi Vadim Anatolievich Shkoda Margarita Evgenievna Pogorelov Aleksei Viktorovich address: 603000, Russia, Nizhny Novgorod, Volzhsky Branch Baltiysk Branch Novorossiysk Branch Slavyanskaya Street, 8 address: 404130, Russia, address: 288520, Russia, address: 353900, Russia, phone: +7 (8312) 31 14 10 Volgograd region, Volzhsky, Kaliningrad region, Krasnodar territory, fax: +7 (8312) 31 14 10 Lenina Street, 46, bld. 500 Baltiysk, Lenina Street, 77B Novorossiysk, Rubina Street, 1 Krasikov Sergei Anatolievich phone: +7 (8443) 31 63 31 phone: +7 (40145) 2 13 74 krasnoyarsk Cheboksary Branch Kamyshin Branch Sovetsk Branch subsidiary address: 428003, Russia, address: 403870, Russia, address: 238750, Russia, address: 660075, Russia, Republic of Chuvashia, Volgograd region, Kaliningrad region, Krasnoyarsk territory, Cheboksary, Kamyshin, Sovetsk, Krasnoyarsk, I. Yakovleva Avenue, 19A Serova Street, 54 Shevchenko Street, 1B Severo-Eniseiskaya Street, 33 phone: +7 (8352) 20 07 59 phone: +7 (84457) 4 42 42 phone: +7 (40161) 3 77 06 phone: +7 (3912) 63 62 88 fax: +7 (8352) 20 07 59 fax: +7 (40161) 3 77 04 fax: +7 (3912) 90 20 10 novosibirsk Nechepurenko Andrei Alekseevich Dzerzhinsk Branch subsidiary irkutsk address: 606000, Russia, address: 630087, Russia, subsidiary Abakan Branch Nizhny Novgorod region, Novosibirsk, address: 644011, Russia, address: 655017, Russia, Dzerzhinsk, Nemirovicha-Danchenko Irkutsk, Republic of Khakasiya, Dzerzhinskogo Square, 3 Street, 169 Sverdlova Street, 41 Abakan, Lenina Street, 59 phone: +7 (383) 212 50 07 phone: +7 (3952) 28 80 35 Mari-El Branch fax: +7 (383) 227 63 72 fax: +7 (3952) 28 80 35 nadym address: 424004, Russia, Temkin Vladimir Efimovich Bobrovich Tatiana Dmitrievna subsidiary Republic of Mari-El, address: 629730, Russia, Ioshkar-Ola, Berdsk Branch kazan YaNAO, Nadym, Komsomolskaya Street, 125A address: 633011, Russia, subsidiary Zvereva Street, 8 Novosibirsk region, Berdsk, address: 420107, Russia, phone: +7 (34995) 3 23 90 nizhnevartovsk Gorkogo Street, 4A, Republic of Tatarstan, fax: +7 (34995) 3 23 90 subsidiary office 409 Kazan, Syundyukova Alfiya Khikmatovna address: 628600, Russia, phone: +7 (38341) 2 79 13 Spartakovskaya Street, 2V, KhMAO, Nizhnevartovsk, office 211 Chapaeva Street, 3 phone: +7 (843) 291 75 94 phone: +7 (3466) 44 11 73 fax: +7 (843) 291 75 94 fax: +7 (3466) 44 11 73 Sitdikov Shamil Abdullovich Lazarev Eduard Leonidovich
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novy urengoy perm subsidiary subsidiary address: 629300, Russia, address: 614990, Russia, YaNAO, Novy Urengoy, Perm, Kommunisticheskaya Magistralnaya Street, 14, Street, 43 West industrial estate, panel D phone: +7 (342) 220 64 01 phone: +7 (3494) 93 01 48 fax: +7 (3422) 220 64 01 samara Arkhangelsk Branch fax: +7 (3494) 93 01 48 Seliverstov Anatoly Vyacheslavovich subsidiary address: 163000, Russia, Zhidkov Spartak Evgenievich address: 443010, Russia, Arkhangelsk, Solikamsk Branch Samara, Troitsky Avenue, 65, noyabrsk address: 618560, Russia, Chapaevskaya Street, 148 office 712 subsidiary Perm region, Solikamsk, phone: +7 (846) 310 88 03 phone: +7 (8182) 47 25 55 address: 629805, Russia, 20 Years of Victory Street, 121 fax: +7 (846) 310 88 03 fax: +7 (8182) 47 25 55 YaNAO, Tyumen region, phone: +7 (34253) 7 63 04 Pimenov Vyacheslav Alekseevich Noyabrsk, The 8th of March fax: +7 (34253) 7 62 74 Desnogorsk Branch Street, 6 Syzran Branch address: 216400, Russia, phone: +7 (3496) 36 84 67 rostov-on-don address: 446011, Russia, Smolensk region, fax: +7 (3496) 36 84 67 subsidiary Samara region, Desnogorsk, Maslova Nataliya Aleksandrovna address: 344006, Russia, Syzran, 3rd microdistrict, 22 Rostov-on-Don, Kotovskogo Street, 2 phone: +7 (48153) 7 19 26 orenburg Sotsialisticheskaya Street, phone: +7 (8464) 88 19 55 fax: +7 (48153) 7 19 26 subsidiary 132/37, office 3 address: 460021, Russia, phone: +7 (863) 269 88 19 Ulyanovsk Branch Leningrad region Branch Orenburg, fax: (863) 269 88 19 address: 432063, Russia, address: 188306, Russia, 60 Years of October Street, 25A Altukhov Valery Anatolievich Ulyanovsk, Leningrad region, phone: +7 (3532) 33 00 30 Kuznetsova Street, 5A Gatchina, fax: +7 (3532) 33 00 30 Volgodonsk Branch phone: +7 (8422) 41 60 81 7th Army Street, 10B Alekseev Aleksei Alekseevich address: 347360, Russia, fax: +7 (8422) 41 60 81 phone: +7 (81371) 1 09 75 Rostov region, Volgodonsk, Buzuluk Branch Koshevogo Street, 35 saint-petersburg Murmansk Branch address: 461040, Russia, phone: +7 (86392) 5 92 52 subsidiary address: 183038, Russia, Orenburg region, address: 191186, Russia, Murmansk, Buzuluk, Chapaeva Street, 40 Taganrog Branch Saint-Petersburg, Sofi Perovskoy Street, 17, phone: +7 (35342) 1 52 78 address: 347900, Russia, Kanala Griboedova Quay, 6/2 offices 319–320 fax: +7 (35342) 1 52 78 Rostov region, Taganrog, phone: +7 (812) 438 14 01 phone: +7 (8152) 45 64 27 Aleksandrovskaya Street, 49 fax: +7 (812) 438 14 39 Orsk Branch phone: +7 (8634) 36 28 85 Akulin Igor Mikhailovich Novgorod Branch address: 462403, Russia, address: 173025, Russia, Orenburg region, Veliky Novgorod, to be continued on the next page
Orsk, Mira Avenue, 15B B. Saint-Petersburgskaya s phone: +7 (3537) 25 23 25 Street, 6/11 fax: +7 (3537) 25 23 25
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for 2005 of SOGAZ/ ANNUAL REPORT ANNUAL
Budenovsk Branch address: 356800, Russia, Stavropol territory, Budenovsk, Smolensk Branch saratov 1st microdistrict, 17 Vorkuta Branch address: 214014, Russia, subsidiary phone: +7 (86559) 2 40 86 address: 169900, Russia, Smolensk, address: 410028, Russia, Republic of Komi, Tenishevoi Street, 22 Saratov, Gorkogo Street, 21 Pyatigorsk Branch Vorkuta, phone: +7 (8452) 63 01 48 address: 357500, Russia, Mira Street, 6B Sosnovy Bor Branch fax: +7 (8452) 63 01 48 Stavropol territory, phone: +7 (82151) 3 52 65 address: 188544, Russia, Burdanova Nadezhda Fedorovna Pyatigorsk, Leningrad region, Bunimovicha Street, 7 Inta Branch Sosnovy Bor, Balakovo Branch phone: +7 (87933) 3 16 11 address: 169840, Russia, Geroev Avenue, 63A address: 413864, Russia, Republic of Komi, phone: +7 (81369) 2 19 13 Saratov region, Balakovo, surgut Inta, Trnavskaya Street, 73 subsidiary Mira Street, 24A Petrozavodsk Branch phone: +7 (8453) 32 19 50 address: 628406, Russia, phone: +7 (82145) 6 71 31 address: 185010, Russia, KhMAO-Yugra, Republic of Karelia, Penza Branch Tyumen region, Surgut, tomsk Petrozavodsk, address: 440602, Russia, Bystrinskaya Street, 22 subsidiary Shotmana Street, 6 Penza, Gorkogo Street, 50, phone: +7 (3462) 22 09 09 address: 634050, Russia, office 307 fax: +7 (3462) 22 05 56 Tomsk, Polyarnoe Branch phone: +7 (8412) 52 40 27 Mikhailov German Vladimirovich Shishkova Street, 13A address: 184230, Russia, phone: +7 (3822) 51 33 33 Murmansk region, Tolyatti Branch syktyvkar fax: +7 (3822) 51 33 33 Polyarny Zori, address: 445037, Russia, subsidiary Mironova Tatiana Yurievna Pushkina Street, 22 Samara region, Tolyatti, address: 167000, Russia, phone: +7 (81532) 6 51 05 Avtozavodsky district, Republic of Komi, Altai Branch block 3A, Syktyvkar, address: 656015, Russia, Pskov Branch Novy Secondary Street, 8, Pervomaiskaya Street, 92 Altai Territory, address: 180017, Russia, offices 330-331 phone: +7 (8212) 24 36 44 Barnaul, Pskov, phone: +7 (8482) 70 49 19 fax: +7 (8212) 24 36 44 Shevchenko Street, 52A Rabochaya Street, 5 Tarbeev Aleksei Nikolaevich phone: +7 (3852) 61 08 10 phone: +7 (8112) 72 72 66 stavropol subsidiary Cherepovets Branch address: 355006, Russia, address: 162614, Russia, Stavropol, Vologda region, K. Marksa Avenue, 73A Cherepovets, phone: +7 (8652) 29 62 75 Sovetsky Avenue, 8A fax: +7 (8652) 29 62 75 phone: +7 (8202) 72 25 74 Bestuzhy Igor Aleksandrovich
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Buryatia Branch ufa address: 670034, Russia, subsidiary Republic of Buryatia, address: 450077, Russia, Ulan-Ude, Republic of Bashkortostan, 50 Let Oktyabrya Avenue, 24 Yurga Branch Ufa, Belgorod Branch phone: +7 (3012) 46 65 17 address: 652050, Russia, Chernyshevskogo Street, 97 address: 308002, Russia, Kemerovo region, phone: +7 (3472) 29 90 05 Belgorod, Kemerovo Branch Yurga, fax: +7 (3472) 29 90 11 5th Zavodskoi Lane, 38 address: 650099, Russia, Volgogradskaya Street, 17, Magdanov Ildar Ziganurovich phone: +7 (4722) 34 20 69 Kemerovo, office 8 N. Ostrovskogo Street, 12, phone: +7 (38451) 4 05 35 Salavat Branch Bryansk Branch Letter D, offices 512–516 address: 453262, Russia, address: 241035, Russia, phone: +7 (3842) 34 89 29 Chita Branch Republic of Bashkortostan, Bryansk, Kuibysheva Street, 17 address: 672000, Russia, Salavat, phone: +7 (4832) 68 88 75 Novokuznetsk Branch Chita, Kolkhoznaya Street, 22 address: 654007, Russia, Amurskaya street, 88 phone: +7 (34763) 9 58 26 Voronezh Branch Kemerovo region, address: 394030, Russia, Novokuznetsk, tula Sterlitamak Branch Voronezh, Kuznetskostroevsky Avenue, subsidiary address: 453124, Russia, Revolution of 1905 Year 30, office 109 address: 300000, Russia, Tula, Republic of Bashkortostan, Street, 66, office 154 phone: +7 (3843) 71 30 30 Turgenevskaya Street, 50 Sterlitamak, phone: +7 (4732) 39 30 35 phone: +7 (4872) 36 44 92 Mira Street, 55 Omsk Branch fax: +7 (4872) 36 44 92 phone: +7 (3473) 21 85 75 Kaluga Branch address: 644024, Russia, Pendrakovsky address: 248001, Russia, Omsk, Aleksandr Aleksandrovich ukhta Kaluga, Marksa Avenue, 4B subsidiary Teatralnaya Street, 11, bld. 1 phone: +7 (3812) 24 04 35 tyumen address: 169300, Russia, phone: +7 (4842) 55 98 52 subsidiary Republic of Komi, Ukhta, Seversk Branch address: 625001, Russia, Dzerzhinskogo Street, 32 Kurchatov Branch address: 634050, Russia, Tyumen, phone: +7 (82147) 7 29 40 address: 307251, Russia, Tomsk region, Lunacharskogo Street, fax: +7 (82147) 6 78 78 Kurskaya region, Kurchatov, Seversk, Kommunistichesky 18, bld. 1 Dashko Aleksandr Vladimirovich Kommunistichesky Avenue, 38 Avenue, 122 phone: +7 (3452) 42 15 00 phone: +7 (47131) 4 12 54 fax: +7 (3452) 42 15 00 tsentralny (central) Davydova Bella Yakovlevna subsidiary Novovoronezh Branch address: 119415, Russia, address: 396072, Russia, Salekhard Branch Moscow, Vernadskogo Voronezh region, address: 629008, Russia, Avenue, 41, bld. 1 Novovoronezh, YaNAO, Salekhard, phone: +7 (495) 234 44 24 Kosmonavtov Street, 18, to be continued on the next page
Kirpichnaya Street, 21, office 1 fax: +7 (495) 234 44 24 MSCh-33, office 50 s phone: +7 (34992) 6 23 58 Rogov Yury Leonidovich phone: +7 (47364) 2 14 92
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for 2005 of SOGAZ/representatives of SK Neftepolis/ ANNUAL REPORT ANNUAL
Orel branch Izhevsk Branch krasnodar address: 302028, Russia, address: 426010, Russia, subsidiary Orel, Brestskaya Street, 10 Republic of Udmurtia, address: 350000, Russia, phone: +7 (4862) 76 38 59 Izhevsk, Azina Street, 1 Krasnodar, Severnaya Street, phone: +7 (3412) 90 11 22 383, Letter A Ryazan branch phone: +7 (861) 251 74 42 address: 390000, Russia, Glazov Branch fax: +7 (861) 253 95 32 Ryazan, address: 427620, Russia, Antoniadi Nona Artemovna Sobornaya Street, 23, Republic of Udmurtiya, office 315 Glazov, Sovetskaya Street, 33 sakhalinsk phone: +7 (4912) 28 97 31 subsidiary chelyabinsk address: 693020, Russia, Tver Branch subsidiary Yuzhno-Sakhalinsk, address: 170023, Russia, address: 454053, Russia, Amurskaya Street, 53, Tver, Chelyabinsk, Truda Street, 187 office 403 Bobkova Street, 7 phone: +7 (351) 263 34 47 phone: +7 (4242) 77 31 89 phone: +7 (4822) 44 31 14 fax: +7 (351) 263 34 47 fax: +7 (4242) 77 31 89 Abramova Tatiana Nikolaevna Efremov Iliya Vladimirovich Udomlya Branch address: 171841, Russia, Magnitogorsk Branch Agency in Korsakov Tverskaya region, address: 4455030, Russia, address: 694020, Russia, Udomlya, Chelyabinsk region, Sakhalin region, Entuziastov Street, 13, Magnitogorsk, Korsakov, TsMSCh-141, office 205 1st Severo-Zapadnaya, 13 Sovetskaya Street, 24 phone: +7 (48255) 5 00 30 phone: +7 (3519) 21 17 42 phone: +7 (42435) 4 37 39
Yaroslavl Branch yugorsk komsomolsk-on-amur address: 150003, Russia, subsidiary subsidiary Yaroslavl, Oktyabrya Avenue, address: 628260, Russia, address: 681021, Russia, SK NEFTEPOLIS 10 2
, bld. , Letter A KhMAO-Yugra, C Khabarovsk territory, phone: +7 (4852) 25 46 46 Tyumen region, Komsomolsk-on-Amur,
Yugorsk, Kirova Street, 8A LL Oktyabrsky Avenue, 29 +7 (34675) 7 19 66 7 (4217) 59 28 50 chaikovsky phone: REPRESENTATIVES phone: + subsidiary fax: +7 (34675) 7 62 76 fax: +7 (4217) 59 28 51 xxvi address: 617760, Russia, Kramynin Rodion Vladimirovich Lankina Natalia Sergeevna
Perm region, OF Chaikovsky, K. Marksa Street, 4 phone: +7 (34241) 3 73 09 fax: +7 (34241) 3 73 09 Shkapenko Aleksei Alekseevich
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khabarovsk subsidiary address: 680000, Russia, Khabarovsk, Turgeneva Street, 46 phone: +7 (4212) 74 77 46 fax: +7 (4212) 41 01 74 Strokin Vladimir Petrovich Branch in Nizhnevartovsk volgograd agency primorsk address: 628600, Russia, subsidiary in Podolsk subsidiary KhMAO Tyumen region, address: 400120, Russia, address: 142114, Russia, address: 690091, Russia, Nizhnevartovsk, Mira Street, Volgograd, Moscow region, Vladivostok, Sukhanova Street, west industrial hub, Eletskaya Street, 21 Podolsk, 3A, office 205 panel 18, 14p phone: +7 (8442) 96 63 70 Kl. Gotvalda Street, 8 phone: +7 (4232) 43 26 53 fax: +7 (8442) 96 63 60 phone: +7 (27) 68 26 12 fax: +7 (4232) 43 26 03 Ivanitskaya Nina Vladimirovna Kulikova Tatiana Vladimirovna Lebedeva Galina Anatolievna ekaterinburg subsidiary rostov-on-don agency Representative Office address: 620075, Russia, subsidiary Tsentralnoe in Nakhodka Ekaterinburg, address: 344007, Russia, address: 101000, Russia, address: 628004, Russia, Lenina Avenue, 20A, office 308 Rostov-on-Don, Moscow, Starosadsky Lane, Primorsky territory, phone: +7 (343) 379 35 83 Pushkinskaya Street, 72a 6/12, bld. 1 Nakhodka, Gagarina Street, 10 fax: +7 (343) 379 35 84 phone: +7 (8632) 99 95 40 phone: +7 (495) 621 37 09 phone: +7 (4236) 64 19 75 Zamyatina Anna Nikolaevna fax: +7 (8632) 99 95 41 +7 (495) 777 44 50 Sereda Yury Nikolaevich fax: +7 (495) 730 01 11 nefteyugansk saratov subsidiary subsidiary saint-petersburg sales office address: 628309, Russia, address: 410012, Russia, subsidiary address: 115035, Russia, Tyumen region, Nefteyugansk, Saratov, Kiseleva Street, 47 address: 191038, Russia, Moscow, Pionernaya industrial estate, phone: +7 (8452) 27 12 18 Saint-Petersburg, Sadovnicheskaya Street, Stroitelei Street, 14 fax: +7 (8452) 27 12 18 Fontanka River Quay, 76, 82, bld. 1 phone: +7 (3461) 23 25 24 Chikina Natalia Vladimirovna Letter A, bld. 15-n phone: +7 (495) 777 44 16 fax: +7 (3461) 23 42 35 phone: +7 (812) 710 40 65 fax: +7 (495) 730 00 03 Grinina Lyubov Avdeevna nizhny novgorod fax: +7 (812) 710 40 72 subsidiary Gaiduk Aleksei Leonidovich Branch in Gubkinsky address: 603000, Russia, address: 629830, Russia, Nizhny Novgorod, YaNAO, Gubkinsky, Vorovskogo Street, 3, office 3 4th microdistrict, 31, phone: +7 (8312) 31 79 80 4th floor fax: +7(8312) 31 73 81 phone: +7 (34936) 5 55 99 Aleksandrov Anton Valerievich
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arkhangelsk Kamyzyak Branch Dyadkovo Branch subsidiary address: 416300, Russia, address: 242630, Russia, address: 163000, Russia, Astrakhan region, Bryansk region, Arkhangelsk, Kamyzyak, Dyadkovo, Novgorodsky Avenue, 26, M. Gorkogo Street, 67 Lenina Street, 218 office 2 phone: +7 (85145) 9 22 60 phone: +7 (48323) 33 39 67 phone: +7 (8182) 27 34 07 fax: +7 (8182) 27 38 56 beloyarsky Komarichi Branch Vikhareva Iraida Nikitichna subsidiary address: 242400, Russia, address: 628161, Russia, Bryansk region, Vinogradovsky Branch KhMAO, Tyumen region, Komarichi settlement, address: 164570, Russia, Beloyarsky, Osipenko Street, 63
OF Arkhangelsk region, 3rd microdistrict, 21, office 23 Vinogradovsky district, phone: +7 (34670) 2 21 84 volgograd Bereznik urban settlement, fax: +7 (34670) 2 21 78 subsidiary P. Vinogradova Street, 71, Vasiliev Evgeny Mikhailovich address: 400074, Russia, office 1 Volgograd, phone: +7 (81831) 2 12 29 Berezovo Branch Kozlovskaya Street, 73, address: 628140, Russia, office 214 Kotlas Branch KhMAO, Tyumen region, phone: +7 (8442) 96 01 87 address: 165300, Russia, Berezovsky district, fax: +7 (8442) 97 20 12 Arkhangelsk region, Berezovo urban settlement, Serdechnyi Vadim Anatolievich Kotlas, Sobyanina Street, 29 Kedrova Street, 3 phone: +7 (34674) 2 11 71 Volzhsky Branch phone: +7 (8183) 72 71 02 address: 404130, Russia, Oktyabrskoe Branch Volgograd region, astrakhan address: 628100, Russia, Volzhsky, subsidiary KhMAO, Tyumen region, Lenina Street, 46, address: 14057, Russia, Oktyabrsky district, office 500 Astrakhan, Oktyabrskoe urban settlement, phone: +7 (8443) 31 63 31 Sverdlova Street, 59A Kalinina Street, 39A, office 2 phone: +7 (8512) 63 35 09 phone: +7 (34678) 2 15 15 Kamyshin Branch 7 (8512) 63 35 10 403879, REPRESENTATIVES REPRESENTATIVES fax: + address: Russia, Maksimova Tatiana Nikolaevna bryansk Volgograd region, xxvii subsidiary Kamyshin, Znamensk Branch address: 241050, Russia, Titova Street, 23 address: 416540, Russia, Bryansk, phone: +7 (84457) 4 42 42 Astrakhan region, Sovetskaya Street, 67 GAZPROMMEDSTRAKH Znamensk, phone: +7 (4832) 74 29 45 Mira Street, 2A fax: +7 (4832) 74 37 40 JSC phone: +7 (85110) 2 47 07 Petrov Yury Yurievich
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ekaterinburg kazan subsidiary subsidiary address: 620075, Russia, address: 420107, Russia, Ekaterinburg, Republic of Tatarstan, Kazan, Rozy Lyuksemburg Street, 35, Spartakovskaya Street, 2V office 409 phone: +7 (8432) 91 75 94 phone: +7 (343) 356 56 57 fax: +7 (8432) 91 75 95 fax: +7 (343) 379 27 29 Sitdikov Shamil Abdullovich Rodygina Alla Vladimirovna Branch in Shuya Ust-Kut Branch address: 155900, Russia, address: 666793, Russia, kaliningrad Chelyabinsk Directorate Ivanovo region, Irkutsk region, subsidiary address: 456770, Russia, Shuya, Ust-Kut, address: 236039, Russia, Chelyabinsk region, Komsomolskaya Square, 19 Kirova Street, 41 Kaliningrad, Snezhinsk, phone: +7 (49351) 2 27 97 phone: +7 (39565) 5 20 25 Portovaya Street, 1 Sverdlova Street, 1/24, phone: +7 (4012) 53 82 92 office 16, post office box 66 irkutsk ioshkar-ola fax: +7 (4012) 53 87 96 phone: +7 (35146) 3 42 22 subsidiary subsidiary Shkoda Margarita Evgenievna address: 664000, Russia, address: 424003, Russia, Ozersk Branch Irkutsk, Republic of Mari-El, krasnodar address: 456790, Russia, Sverdlova Street, 41 Ioshkar-Ola, subsidiary Chelyabinsk region, phone: +7 (3952) 28 80 35 Panfilova Street, 41 address: 350058, Russia, Ozersk, Semenova Street, 22, fax: +7 (3952) 28 80 38 phone: +7 (8362) 72 64 28 Krasnodar, office 303 Tarbeeva Marina Viktorovna fax: +7 (8362) 41 64 00 Starokubanskaya Street, 114, phone: +7 (35130) 7 47 81 Shapovalov Valery Ivanovich office 601 Bodaibo Branch phone: +7 (8612) 51 95 34 ivanovo address: 666910, Russia, Zvenigovo Branch fax: +7 (8612) 34 00 75 subsidiary Irkutsk region, address: 425060, Russia, Pogorelov Aleksei Viktorovich address: 153012, Russia, Bodaibo, Republic of Mari-El, Ivanovo, 30 Years of Victory Street, 38 Zvenigovo, makhachkala Sovetskaya Street, 22, phone: +7 (39567) 2 02 60 Rostovschikova Street, 25 subsidiary offices 103–107 phone: +7 (83645) 7 12 89 address: 367012, Russia, phone: +7 (4932) 34 51 09 Nizhneilimskoe Branch Republic of Dagestan, fax: +7 (4932) 34 51 19 address: 665653, Russia, Volzhsk Branch Makhachkala, Kuritsyn Aleksandr Dmitrievich Irkutsk region, address: 425000, Russia, Ermoshkina Street, 24 Zheleznogorsk-Ilimsky, Republic of Mari-El, Volzhsk, phone: +7 (8722) 62 92 30 Branch in Kineshma Yangelya Street, 8 Sovetskaya Street, 29A fax: +7 (8722) 62 92 30 address: 155800, Russia, phone: +7 (39566) 3 13 14 phone: +7 (83631) 6 20 42 Guseinova Patimat Nasrutdinovna Ivanovo region, Kineshma, to be continued on the next page
Gorkogo Street, 24/25 s phone: +7 (49331) 5 53 02
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nizhnevartovsk Buturlino Branch Gaginsk Branch subsidiary address: 607440, Russia, address: 607870, Russia, address: 628602, Russia, Nizhny Novgorod region, Nizhny Novgorod region, KhMAO, Tyumen region, Buturlinsky district, Gagino village, Nizhnevartovsk, Buturlino urban settlement, Kommunisticheskaya Street, 14 Chapaeva Street, 3 Lenina Street, 154 phone: +7 (83195) 2 19 06 phone: +7 (3466) 44 11 73 phone: +7 (83172) 5 36 93 fax: +7 (3466) 41 11 73 Gorodets Branch murmansk Lazarev Eduard Leonidovich Vad Branch address: 606502, Russia, subsidiary address: 606380, Russia, Nizhny Novgorod region, address: 183038, Russia, nizhny novgorod Nizhny Novgorod region, Gorodets, Murmansk, subsidiary Vad village, Bolnichnaya Proletarskaya Square, 36 Pushkinskaya Street, 5 address: 603000, Russia, Street, 16 phone: +7 (83161) 9 28 64 phone: +7 (8152) 45 86 77 Nizhny Novgorod, phone: +7 (83141) 4 33 40 fax: +7 (8152) 45 73 76 Slavyanskaya Street, 8 Dzerzhinsk Branch Shagalova Larisa Nikolaevna phone: +7 (8312) 33 12 32 Varnavino Branch address: 606010, Russia, fax: +7 (8312) 31 14 10 address: 606760, Nizhny Novgorod region, Kola Branch Krasikov Sergei Anatolievich Russia, Dzerzhinsk, address: 184360, Russia, Nizhny Novgorod region, Lenina Avenue, 62 Murmansk region, B. Boldino Branch Varnavinsky district, phone: +7 (83193) 26 85 25 Kola, address: 607850, Russia, Varnavino urban settlement, Mironova Street, 18 Nizhny Novgorod region, Nizhny Novgorod Street, 23 Zarechny Branch phone: +7(81553) 2 36 03 B. Boldino village, phone: +7(83158) 2 19 09 address: 603079, Russia, Krasnaya Street, 34 Nizhny Novgorod, Pechengsky Branch phone: +7(83138) 2 25 01 Voskresensk Branch Berezovskaya Street, 18 address: 184420, Russia, address: 606730, phone: +7 (8312) 70 96 44 Murmansk region, Bogorodsk Branch Russia, Pechengsky district, address: 607600, Russia, Nizhny Novgorod region, Kovernino Branch Nikel urban settlement, Nizhny Novgorod region, Voskresenskoe industrial address: 606570, Russia, Bredova Street, 9 Bogorodsk, community, Nizhny Novgorod region, phone: +7(81554) 2 19 84 Lenina Street, 224 Lenina Street, 131A Kovernino industrial phone: +7 (83170) 2 12 12 phone: +7 (83163) 9 30 61 community, nadym K. Marksa Street, 4 subsidiary phone: +7 (83161) 2 21 31 address: 629730, Russia, YaNAO, Tyumen region, Krasnye Baki Branch Nadym, address: 606710, Russia, Zvereva Street, 8 Nizhny Novgorod region, phone: +7 (34995) 6 88 85 Krasnye Baki urban settlement, fax: +7 (34995) 6 88 84 Proletarskaya Street, 1 Syundyukova Alfiya Khikmatovna phone: +7 (83156) 2 31 63
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Krasnooktyabrsky Branch Pochinki Branch address: 607530, Russia, address: 607910, Russia, Nizhny Novgorod region, Nizhny Novgorod region, Krasnooktyabrsky district, Pochinki village, Lenina Urazovka village, Street, 65 Kooperativnaya Street, 29 phone: +7 (83197) 2 20 87 phone: +7 (83194) 2 19 83 Sarov Branch Lukoyanov Branch address: 607188, Russia, Sosnovskoe Branch novy urengoi address: 607800, Russia, Nizhny Novgorod region, address: 606170, subsidiary Nizhny Novgorod region, Sarov, Semashko Street, 2, Russia, address: 629300, Russia, Lukoyanov, office 544 Nizhny Novgorod region, YaNAO, Tyumen region, Kommunisticheskaya phone: +7 (83130) 5 85 88 Sosnovskoe urban Novy Urengoi, Street, 13 settlement, Magistralnaya Street, 14 phone: +7 (83196) 4 25 14 Semenov Branch 1st of May Street, 21 phone: +7 (34949) 4 46 69 address: 606650, Russia, phone: +7 (83174) 2 56 60 Zhidkov Spartak Evgenievich Nagorny Branch Nizhny Novgorod region, address: 603000, Russia, Semenov, Chkalovsk branch noyabrsk Nizhny Novgorod, Krayushkina Street, 5 address: 606540, subsidiary M. Pokrovskaya Street, 6/1 phone: +7 (83162) 5 17 01 Russia, address: 629806, Russia, phone: +7 (8245) 39 70 06 Nizhny Novgorod region, YaNAO, Tyumen region, Sergach Branch Chkalovsk, Noyabrsk, Pavlovo Branch address: 607511, Russia, Pushkina Street, 61A 8th of March Street, 6 address: 606100, Russia, Nizhny Novgorod region, phone: +7 (83160) 4 55 22 phone: +7 (34963) 6 84 96 Nizhny Novgorod region, Sergach, Yubileiny Avenue, 6A fax: +7 (34963) 6 86 80 Pavlovo, Kirova Street, 53 phone: +7(83191) 5 50 95 Shatki Branch Maslova Natalia Aleksandrovna phone: +7 (83171) 2 30 23 address: 607700, Sechenovo Branch Russia, Gubkinsky Branch Perevoz Branch address: 607580, Russia, Nizhny Novgorod region, address: 628830, Russia, address: 607400, Russia, Nizhny Novgorod region, Shatki industrial community, YaNAO, Tyumen region, Nizhny Novgorod region, Sechenovsky district, Zarechnaya Street, 4 Gubkinsky, 2nd microdis- Perevoz, Sechenovo village, phone: +7 (83142) 4 13 75 trict, NGDP Barsukovneft Sovetsky Avenue, 11 Kooperativnaya Street, 3 building, office 1 phone: +7 (83148) 5 25 34 phone: +7 (83193) 5 17 40 phone: +7 (34936) 5 18 50
Pilna Branch Sokolskoe Branch Muravlenko Branch address: 607490, Russia, address: 606670, Russia, address: 629602, Russia, Nizhny Novgorod region, Nizhny Novgorod region, YaNAO, Tyumen region, Pilna urban settlement, Sokolskoe settlement, Muravlenko, to be continued on the next page
Kalinina Street, 42 Kirova Street, 13 Gubkina Street, 9 s phone: +7(83192) 5 18 75 phone: +7 (83137) 2 05 72 phone: +7 (34938) 6 31 30
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ryazan Engels Branch subsidiary address: 413119, Russia, address: 390000, Russia, Saratovskaya region, Ryazan, Engels, 19; 8, 5 blocks Seminarskaya Street, 53 phone: +7 (8453) 75 50 53 phone: +7 (4912) 25 43 44 fax: +7 (4912) 25 49 58 saint-petersburg Yudin-Besedin Viktor Nikolaevich subsidiary orel petropavlovsk address: 191186, Russia, subsidiary subsidiary samara Saint-Petersburg, address: 302001, Russia, address: 683031, Russia, subsidiary Kanala Griboedova Quay, 6/2, Orel, Gagarina Street, 4 Petropavlovsk-Kamchatsky, address: 443010, Russia, office 300 phone: +7 (4862) 54 24 87 50 Years of October Avenue, Samara, phone: +7 (812) 438 14 38 fax: +7 (4862) 71 35 64 9/4, office 1 Chapaevskaya Street, 148, fax: +7 (812) 438 14 04 Tereschenko Nikolai Andreevich phone: +7 (4152) 26 02 92 office 45 Akulin Igor Mikhailovich fax: +7 (4152) 26 02 93 phone: +7 (846) 310 28 75 Livny Branch Burenko-Kopytko Vera Borisovna fax: +7 (846) 310 88 04 Karelia Directorate address: 303800, Russia, Pimenov Vyacheslav Alekseevich address: 185035, Russia, Orel region, Livny, purovsky Republic of Karelia, M. Gorkogo Street, 2 subsidiary saratov Petrozavodsk, phone: +7 (48677) 7 48 15 address: 629850, Russia, subsidiary Shotmana Street, 6, office 1 YaNAO, Tyumen region, address: 410052, Russia, phone: +7 (812) 438 14 07 Mtsensk Branch Purovsky district, Saratov, 50 Years of October address: 303030, Russia, Tarko Sale, 1st Rechka Street, Avenue, 118A, surgut Orel region, 7A, office 10 office 12 subsidiary Mtsensk, phone: +7 (34997) 2 44 40 phone: +7 (8452) 63 13 53 address: 628408, Russia, Gagarina Street, 81 fax: +7 (34997) 2 40 04 fax: +7 (8452) 63 27 35 KhMAO, Tyumen region, phone: +7 (48646) 2 65 48 Yusufkulov Vasil Sabirovich Burdanova Nadezhda Fedorovna Surgut, Ostrovskogo Street, 16 phone: +7 (3462) 75 24 83 orenburg rostov Petrovsk Branch fax: +7 (3462) 22 09 09 subsidiary subsidiary address: 412540, Russia, Mikhailov German Vladimirovich address: 460024, Russia, address: 344006, Russia, Saratovskaya region, Orenburg, Rostov-on-Don, Petrovsk, syktyvkar Turkestanskaya Street, 17 Koltsovsky Lane, 5-7/16-20, Moskovskaya Street, 10 subsidiary phone: +7 (3532) 33 00 30 phone: +7 (8632) 27 76 74 phone: +7 (84155) 2 89 95 address: 167000, Russia, fax: +7 (3532) 73 13 22 fax: +7 (8632) 69 88 17 Republic of Komi, Alekseev Aleksei Alekseevich Altukhov Valery Anatolievich Tsentralnoe (Central) Branch Syktyvkar, address: 410052, Russia, Pervomaiskaya Street, 92 Saratov, 50 Years of October phone: +7 (8212) 24 36 44 Avenue, 110A fax: +7 (8212) 20 21 45 phone: +7 (8452) 67 05 49 Tarbeev Aleksei Nikolaevich
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Ust-Tsilma Branch Tobolsk Branch ufa address: 169480, Russia, address: 626150, Russia, subsidiary Republic of Komi, Tyumen region, address: 450077, Russia, Ust-Tsilma village, Tobolsk, Republic of Bashkortostan, Sovetskaya Street, 36 4th microdistrict, 85, Ufa, phone: +7 (82141) 9 14 77 office 416 Chernyshevskogo Street, 97 phone: +7 (34511) 2 35 56 phone: +7 (3472) 29 90 05 Ukhta Branch fax: +7 (3472) 79 95 66 Vorkuta Branch address: 169300, Russia, ulan-ude Magdanov Ildar Ziganurovich address: 169900, Russia, Republic of Komi, Ukhta, subsidiary Republic of Komi, Kosmonavtov Street, 1A address: 670034, Russia, khabarovsk Vorkuta, Mira Street, 6B phone: +7 (82147) 2 29 42 Republic of Buryatia, subsidiary phone: +7 (82151) 6 07 79 Ulan-Ude, address: 680000, Russia, tomsk Zheleznodorozhny district, Khabarovsk, Vuktyl Branch subsidiary 50 Years of October Sheronova Sreet, 56A, address: 169570, Russia, address: 634050, Russia, Avenue, 24 office 702 Republic of Komi, Vuktyl, Tomsk, phone: +7 (3012) 46 65 20 phone: +7 (4212) 78 34 41 Komsomolskaya Street, 5, Shishkova Street, 13A fax: +7 (3012) 46 65 14 fax: +7 (4212) 78 34 42 office 2 phone: +7 (3822) 51 17 57 Aidaev Sergei Gennadievich Bakulin Mikhail Aleksandrovich phone: +7 (82146) 23326 fax: +7 (3822) 51 33 33 Mironova Tatiana Yurievna Dzhidinsky Branch Branch Izhma Branch address: 671920, Russia, in Komsomolsk-on-Amur address: 169460, Russia, tyumen Republic of Buryatia, address: 681021, Russia, Republic of Komi, subsidiary Dzhidinsky district, Khabarovsk territory, Izhma village, address: 625000, Russia, Petropavlovka village, Komsomolsk-on-Amur, Khatanzeiskogo Street, 66 Tyumen, Kirova Street, 6 Oktyabrsky Avenue, 33 phone: +7 (82140) 9 80 24 Sovetskaya Street, 61, phone: +7 (30134) 9 10 94 phone: +7 (4217) 54 12 10 office 39 Inta Branch phone: +7 (3452) 49 40 90 Kabansk Branch Branch address: 169840, Russia, fax: +7 (3452) 49 40 98 address: 671200, Russia, in Nikolaevsk-on-Amur Republic of Komi, Davydova Bella Yakovlevna Republic of Buryatia, address: 682460, Inta, Mira Street, 24 Kabansky district, Russia, phone: +7 (82145) 6 00 56 Ishim Branch Kabansk village, Khabarovsk territory, address: 627750, Russia, Oktyabrskaya Street, 12 Nikolaevsk-on-Amur, Troitsko-Pechorsk Branch Tyumen region, Ishim, phone: +7 (30138) 4 04 20 Sovetskaya Street, 100, address: 169420, Russia, Sovetskaya Street, 19 office 10 Republic of Komi, phone: +7 (34551) 2 35 56 Kyakhta Branch phone: +7 (8235) 2 31 58 Troitsko-Pechorsk urban address: 671840, Russia, settlement, Republic of Buryatia, to be continued on the next page
Yuzhny block, 11 Kyakhta, Lenina Street, 33 s phone: +7 (82138) 9 21 10 phone: +7 (30142) 9 19 30
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Branch in Sovetskaya Gavan Voskresensk Branch address: 682880, Russia, address: 140200, Russia, Khabarovsk territory, Moscow region, Sovetskaya Gavan, Voskresensk, Pionerskaya Street, 14 Zheleznodorozhnaya phone: (42138) 4 01 02 Street, 28 phone: +7 (8244) 2 20 73 Chegdomyn Branch Kholmsk Branch address: 682030, Russia, Mordovia Directorate address: 694620, Russia, Khabarovsk territory, address: 430000, Russia, Sakhalin region, Verkhnebureinsky district, Republic of Mordovia, Kholmsk, Chegdomyn urban Saransk, Kapitanskaya Street, 2A, settlement, Kommunisticheskaya office 2 Blyukhera Street, 10 Street, 52 phone: +7 (42433) 5 29 80 phone: +7 (41149) 5 29 06 phone: +7 (8342) 47 37 40 yugorsk tsentralny (central) Yaroslavl directorate subsidiary subsidiary address: 150003, Russia, address: 628260, Russia, address: 142770, Russia, Yaroslavl, KhMAO, Tyumen region, Moscow region, Oktyabrya Avenue, 10 Yugorsk, Leninsky district, phone: +7 (4852) 25 46 46 40 Years of Victory Street, 9A Gazoprovod settlement, phone: +7 (34675) 2 22 67 Business Center chaikovsky fax: +7 (34675) 2 20 56 phone: +7 (495) 428 78 29 subsidiary Kramynin Rodion Vladimirovich fax: +7 (495) 428 66 94 address: 617760, Russia, Ivanov Oleg Petrovich Perm territory, Chaikovsky, Vladimir Directorate K. Marksa Street, 4 2006 address: 600020, Russia, phone: +7 (34241) 3 50 38 Moscow
Vladimir, fax: +7 (34241) 3 43 87 | B. Nizhny Novgorod Shkapenko Aleksei Alekseevich Street, 63-II Vlad Vasiliev phone: +7 (4922) 23 43 73 yuzhno-sakhalinsk Artwork: subsidiary | Voronezh Directorate address: 693001, Russia,
address: 394006, Russia, Yuzhno-Sakhalinsk, DesignDepo Voronezh, Dzerzhinskogo Street, 15 20 Years of October Street, phone: +7 (4242) 42 26 84 103, offices 332–334 fax: +7 (4242) 42 26 84
phone: +7 (4732) 20 46 70 Baranovsky Valery Genrikhovich Conception and Design:
/