1. UNITY RE
CORPORATE PROFILE 2012

2. Milestones
1991, North-West Insurance Co. was registered and then acquired by Group RESO – one of the largest insurance holdings with Russia and FSU
2004, renamed into Reso Re and started its active development within the reinsurance market of Russia and CIS
2005, became one of the first reinsurers in FSU to receive the full-scale international financial strength rating: ‘B+’ by Standard & Poor’s
2006, rebranded to Unity Re and also restructured to obtain more high-qualified and experienced team to promote further as the specialist reinsurance center of Group RESO and strategically the leading reinsurer within FSU
2007, started operations in overseas markets, writing property, construction and marine business from South America, MENA and SEA regions. 2 2

3. Milestones
2007, was granted with the international financial strength rating of ‘BB-’ from Standard & Poor’s
2008, promoted actively within the core markets – Russia and CIS, - closing the year as the most dynamically growing specialist reinsurer in the region
2009, demonstrated an excellent performance despite the burden of world financial crisis, meanwhile becoming the largest national treaty reinsurer
2010, Unity Re finally conquered the top position in the market, ranked the first among the specialist reinsurers in Russia (over 1 bln RUR of GPW)
2010, Unity Re is assigned a secure B+ (Good) rating by A.M.Best Company
2011, Unity Re maintains the first rank position among the specialist reinsurers in Russia & CIS with GPW of over 1,28 bln RUR

4. Vision & mission Vision Mission
Developing to maintain the position of the regional reinsurance market leader with Russia and FSU, providing the widest available scope of the first class reinsurance cover and confident linked services from a position of the absolute leading, financially stable, fast and attentive national reinsurer, and gradually promoting overseas as the reasonable medium-size capacity market player highly committed as a supporting reinsurer for the traditional lines of business.
Mission
To provide a very fast response to cedants’ demands for a wide range of non-life reinsurance lines of business with the first class growing capacity and additional services; to support the clients with underwriting expertise, confident and prompt claims settlement and relevant advisory; to rely upon a stable, integral and solid team of professionals fully committed to company’s performance and clients’ needs; to promote the status of a leading Russian/FSU specialist reinsurer well known worldwide.

5. Market Leading Company
Highlights & competences
Market Leading Company
Leading specialist
Ranked 1st by reinsurance GPW among specialist reinsurers in Russia & CIS in 2010
Established team
Highly regarded & solid management team, stable since 2006
Strong financial performance
Consistently profitable with strong underlying growth. Results of 2011 (IFRS): net profit 214.9m RUR; LR 55.5%; CR 78.6%; ROE 25.96%
Strong capitalisation
Exceptionally capitalised with a very strong solvency margin
Rated
Financial Strength Rating from a leading international agency
Regional distribution
Distribution across the whole of Russia and the former USSR territories and overseas
Corporate governance
IFRS audited accounts since year-end Experienced Supervisory Board. Operating to international standards
Excellent operational performance
2011: GPW growth – 24%; market share 6%; Renewal ratio – 88,3%; GPW per capita – 55,4 mln RUR
Largest and most stable clients’ base
357 companies from Russia, CIS and overseas
Brand
A recognizable brand with Russia/FSU; London market; MENA region and SEA 5 5

6. Legal & compliance
The 100% shareholder of Unity Re is RESO Holding - one of the leading insurance holdings within Russia & CIS.
Currently, the paid-up capital of Unity Re is 500m RUR (~16.6m USD)
The actual reinsurance license No of
Since 2007, KPMG has been the official auditor of Unity Re for IFRS financials.

7. International rating
Unity Re has the following actual international ratings assigned:
 Rating
Outlook
Status
A.M.Best
B+ (Good)
Stable
Assigned:
Standard & Poor's 
 BB / ruAA
 stable
Increased:
Rating reports specially outline Unity Re’s:
Good capitalization
Profitability and stable operational results
Strong leading position in the markets of Russia and CIS
Very good level of retrocession protection

8. International rating
«Leading position in the Russian reinsurance market, strong capitalization and consistent financial results»
«A leading reinsurer operating in Russia and CIS… portfolio of cedants includes most of the largest local insurance companies»
«Risk adjusted capitalization is strong and supportive of rapid premium growth»
«Technical profitability in 2010 improved significantly. With a combined ratio of 74% in 2010 and 80% in average over the last five years, Unity Re has been growing rapidly without deteriorating the quality of its portfolio»

9. Portfolio 2011
The scope of Unity Re’s activities is classic reinsurance, where the company offers coverage for all major lines of business: general property, construction, energy and petrochemical, cargo, marine hull, aviation, accident & health, liability.

10. Portfolio 2011
344 (re)insurance and broking companies from Russia, CIS & overseas
287 companies from Russia, inc. all players from Top-50 (a unique!)
cooperation with all major brokers operating in Russia, inc.: Marsh, Willis, Aon, Malakut, THB, Nasco, AFM etc.

11. Portfolio 2011
The major geographical scope of Unity Re’s business is focused at Russia & CIS.
Additionally, since 2006, Unity Re has intensified its activities in overseas markets, writing business from South-East Asia, Central & South America and Africa.

12. Largest paid claims 2006-2011 Amount paid, mln RUR Year Cedant Details
75,00
2010
Sogaz
Fire at Novokuybyshevsky refinery
19,7
2007
Renessans insurance
Explosion of a blust-furnace at Azov-steel plant
19,4
Military IC
Fire at a meat processing plant
17,6
AzRe
Loss of a motor yacht
16,5
ROSNO
Explosion at Sayano-Shushenskaya HPP
15,9
2011
Alfastrakhovanie
Damage to a mining equipment
13,9
2008
Spasskie vorota
Fire at an office building
13,8
ZHASO
Damage to a rolling stock
13,0
Soglasie
Fire at a electrical sub-station
11,6
Damage of railway property after EQ
11,1
2006
KNIC
Heavy rains’ damage to residential property
10,0
Energogarant
Fire at Reftinskaya HPP
9,5
2009
9,2
Accident during a gaz-pipe construction
8,0
Kapital insurance
Sabotage at Baksanskaya HPP
7,9
Fire at a restoraunt
7,7
Fire at a production plant
6,8
Cargo waved out from a deck during marine transit

13. Market position 2011
Top-10 specialist reinsurers writing genuine reinsurance, 2011:
Rank
Company
GPW,
‘000 RUR 1
Unity Re 2
Moscow Re 3
Transsib Re 4
Kapital Re 5
Eastern Re 6
Russian Re 7
Munich Re Life CIS 8
Rosles Re 9
Megaruss Re 10
SCOR Reinsurance

14. Key financials, IFRS

15. Key financials, IFRS

16. Capacity 2011 LOB Maximum line Net retention Russia & FSU PML basis
Overseas
Maximum line Gross retention
Russia & FSU
Property (FAP/PAR/IAR)
USD 2,000,000
USD 5,000,000
USD 50,000,000 (for business from Russia/CIS – XOL treaty)
CAR/EAR
Energy off-shore
USD 1,000,000 -
Marine hull / P&I
USD 500,000
USD 7,000,000
USD 7,000,000 (worldwide, XOL treaty)
Cargo
GTPL
Aviation
Motor
USD 250,000
Personal accident
USD 200,000
USD 1,500,000

17. Team International business: Dmitry Garmash, Deputy CEO
MA (Fin), Ph.D., MBA
Igor Shekhovtsov, Director of International business dept.
MA (Fin)
Dmitry Vanin, Director on business development
MA (Sc)
Underwriting:
Svetlana Chepeleva, Deputy CEO, Chief underwriter P&C
MA (Fin), over 22 years of u/w experience
Elena Myasnikova, Managing Underwriter, Marine
MA (Fin), over 12 years of u/w experience
Julia Mironenko, Managing Underwriter, Treaty
MA (Fin), over 12 years of u/w experiance

18. www.unityre.com Contacts
125047, Russian Federation, Moscow, Gasheka st., 12
Tel.: Fax: