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PPF Life Insurance has been one of the Russian market’s most active and stable life insurance service providers for 18 years.

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www.ppfinsurance.ru

PPF Life Insurance LLC

The insurance market in Russia boomed during 2021. Despite the impact of the COVID-19 pandemic, it reported growth, benefiting from the public&rsquo;s growing financial literacy and an expansion of the financial products distribution network. The fact that life insurance products had not previously been particularly widespread in Russia and that unitlinked life insurance was gradually being replaced with classic whole-life insurance, which is savings linked, also played a role in this dynamism.
In 2021, PPF Life Insurance focused on life insurance policies with an average horizon of more than 20 years. The&nbsp;main sales channel for these products was the company&rsquo;s own network of agents/financial advisers, which was one of the largest in the country with a presence in 65 cities across Russia. The company&rsquo;s own distribution network was a guarantee of&nbsp;a high standard of service throughout the term of insurance contracts.
The total volume of premiums written by PPF Life Insurance in 2021 yielded an 10.2% year-on-year increase to RUB&nbsp;4.8&nbsp;billion (EUR 55 million). New business generated even higher growth of 12%. The number of PPF Life Insurance policyholders topped 230,000 last year.
Reflecting the focus of its insurance products, PPF Life Insurance supported financial literacy initiatives, cancer prevention, and specialised cancer treatment across Russia in 2021.

Russia

PPF Group&rsquo;s life insurance company in Russia, PPF Life Insurance, was one of the most active and stable providers of innovative products and services in the life insurance segment in 2021. After nearly 20 years of operations, it was among the top three providers in the&nbsp;country by number of long-term life insurance clients and the second largest insurer in terms of the&nbsp;size of its network of agents/financial advisers.

Key Financials

PPF Life Insurance

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Annual Reports Agreement

PPF a.s., with its registered office in Prague 6, Evropsk&aacute; 2690/17, postal code 16041, Czech Republic, entered in the Commercial Register kept by the Municipal Court in Prague, Section B, Insert 4495, IČ: 25099345 (hereinafter referred to as the &ldquo;PPF Company&rdquo;), offers download on the website <a href="//www.ppf.eu">www.ppf.eu</a> (hereinafter referred to as the "website") official photos that are intended for download by PPF (such photos hereinafter referred to as "Photos").
Photographs, as well as all other material placed on any part of the website (including text, website design, graphics, all images on this website, as well as the selection and arrangement of files contained on this website) - hereinafter "content", are subject to protection pursuant to Act No. 121/2000 Coll., on Copyright, on Rights Related to Copyright and on Amendments to Certain Acts (Copyright Act), as amended (hereinafter referred to as the &ldquo;Copyright Act&rdquo;). Only PPF is entitled to exercise proprietary copyrights to the Photos and content, as well as to the website.
If you are interested in downloading and using some of the Photos, you must always accept the license agreements listed below. It is expressly stated that you acknowledge that you are not authorized to download and use any Photograph without accepting these license agreements.
License Agreement
The photo is provided for download and use under the conditions set forth in these license agreements. PPF grants you the right to download and use the Photo only if you unconditionally accept the license agreement set forth in this section. Unless otherwise agreed between you and PPF, any use of the Photograph that is not in accordance with these license agreements is prohibited.
By accepting these license agreements, you acquire a free, non-exclusive, non-transferable, territorially and time-limited license to download and view the Photos on your computer, tablet or mobile phone and print them on paper (but not to make copies). Unless otherwise stated or agreed below, you are entitled to use the Photos only for your own personal purposes.
Unless otherwise stated or agreed below, it is excluded and prohibited to copy (make copies), reproduce, modify, change, transform or otherwise interfere with the Photographs and further reproduce the Photographs concerned. Furthermore, it is forbidden to hand over, sell or otherwise provide the Photographs for use to another person (including the granting of a license or sublicense) or to make the Photographs available to another person in any way.
You further exclude and by accepting these license agreements you agree not to:
<ul>
 <li>Use the photographs in such a way that the persons depicted can give the public the impression that they support or promote political, religious, economic or other ideological movements, parties and other groups or political, religious, economic or other currents of thought (including and their display on promotional materials, including billboards);</li>
 <li>Use and edit photographs in such a way that the persons shown on them may give the public the impression that they are promoting erotic or sexual services, sexual health products or the promotion of sexual desire and libido;</li>
 <li>Use and edit the photographs so that the persons depicted on them may give the public the impression that the persons depicted on them promote drugs, alcohol (of any kind) and / or cigarettes;</li>
 <li>Use photographs for advertising purposes of any kind;</li>
 <li>Use photographs for the purpose of publication on billboards;</li>
 <li>Take photos by placing them on gift items;</li>
 <li>Use photographs as part of business communications;</li>
 <li>Use the photographs in such a way that the persons depicted on them may give the public the impression that those persons purchase, use or promote any goods or services;</li>
 <li>Use the Photographs in a manner that may give rise to reasonable doubt that such use could infringe or otherwise disparage the personal rights of the persons depicted in the Photographs.</li>
</ul>
If you have any doubts as to whether you are entitled to use the Photograph, taking into account the restriction mentioned above under the last indent, you undertake to seek the opinion of PPF before using the Photograph itself.
If you are interested in using the Photograph in a manner or to the extent beyond the scope of these license agreements, please contact PPF, specifically contact PPF at the e-mail address <a href="mailto:images@ppf.cz">images@ppf.cz</a>. In the e-mail message, state which Photo, for what purpose, to what extent, in what way and for how long you are interested in using it. With regard to the purpose, scope and manner of use of the Photograph that you specify in your application, it will be at PPF's sole discretion whether your application will be approved or rejected and you will be able to use the Photograph. In order to obtain consent to the use of the Photograph, you are obliged to provide only true and complete data in the application. If your application is approved, you will be able to download the requested Photo and use it for the purpose, manner and to the extent specified in the application. However, PPF reserves the right to set the conditions for the scope and method of use Photography.
By downloading the Photo, you do not become its owner in any way. The User who has been allowed to download the Photo undertakes to use the Photo only in accordance with the purpose and to the extent to which the Photo has been allowed to download and use, and only once.
For the media
Notwithstanding the above license agreements, media representatives are entitled, based on the acceptance of these license agreements, to use the Photographs under a news license and in an editorial sense, ie primarily as part of an article in newspapers, magazines and newspaper and magazine websites, including for commercial purposes. In the cases described in this paragraph, you may modify the Photo only by common technical interventions that do not change the image content of the Photo, which means cropping the Photo, and common color adjustments that do not change the meaning or image meaning of the Photo. With the exception of the above, the restrictions on the use of the Photograph resulting from the license agreements also apply to media representatives and the media itself.
General provisions
In the event that you request to combine the Photograph with the author's work (literary or artistic), you are obliged to ask PPF for consent to combine the Photograph with the author's work by sending a request to the e-mail address images@ppf.cz. PPF reserves the right, prior to the actual issuance of the consent, to request from you the submission of such copyright work for approval and as a basis for the decision to issue such consent. PPF also reserves the right not to issue a consent to the merger of the Photograph and the author's work after the assessment of the author's work. PPF also reserves the right to request the submission of a graphic design of each material on which the Photograph is to be displayed.
If you wish to use the Photograph on behalf of your employer, you represent and agree that you are authorized to accept these license agreements on behalf of your employer.
Only PPF is entitled to change or supplement these license agreements. The legal relations that arose between PPF and the user of Fotografie before the change or cancellation of these license agreements are governed by the wording effective as of the date of these relations.
These license agreements are governed by the applicable laws of the Czech Republic. All disputes arising in connection with the use of the Photograph will be heard by a locally competent court in the Czech Republic in accordance with the laws of the Czech Republic.
These license agreements are valid and effective on the date of their publication. These license agreements were published on 17/6/2021.
These license agreements are also prepared in English and Czech. In the event of a conflict between the Czech and English texts of the license agreements, the Czech text of the license agreements shall apply.

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PPF Life Insurance: Results for 2018  - PPF Group

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PPF Group | PPF LIFE INSURANCE - PPF Group

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PPF Life Insurance delivers high growth rates in the retail insurance business that it runs through its own agent network and a&nbsp;partner network of brokerages with more than 6,000 financial advisers and over 100 offices across Russia.
PPF Life Insurance&rsquo;s clients rely on the stability of this growing company and the high quality of service it offers. In mid-2019, PPF Life Insurance was ranked among the top 20 Russian life insurance companies by premiums. Its high level of financial reliability has been confirmed for the last nine years by the ruAA rating awarded by RAEX, Russia&rsquo;s specialized rating agency.

PPF Life Insurance has been one of the Russian market&rsquo;s most active and stable life insurance providers for the last 18 years.

<ul>
 <li>Total volume of written premium rose by 13% year-on-year in 2018 to RUB 3,642,977,000, primarily thanks to the efficient operation of the insurance company&rsquo;s branch (agency) network across Russia.</li>
 <li>New business rose by 17% year-on-year; in financial terms, this equated to RUB 1,014,779,000 in written premium under contracts concluded in 2018.</li>
 <li>In 2018, the company opened 20 new branches in 15 Russian regions (16 cities).</li>
 <li>The total number of agents working for the company rose by 23%.</li>
 <li>The number of insurance contracts concluded with the company&rsquo;s clients in 2018 increased by 46% versus 2017.</li>
 <li>The insurance company&rsquo;s mission is to protect its clients&rsquo; plans and desires. In 2018, it launched four new insurance products geared towards supporting clients in unforeseeable situations concerning health.&nbsp; One of these is a long-term scheme that helps to increase clients&rsquo; future income during retirement. These products are advisable for young people who are planning for their future financial security.</li>
 <li>PPF Life Insurance generated a net profit of RUB 158,033,000 despite its ongoing major investment, primarily in the development of the agency network</li>
 <li>The amount of insurance benefits paid in 2018 rose by 10.5% year-on-year to RUB 1,141,292,000.</li>
</ul>
V&iacute;t Sedl&aacute;ček, Chairman of PPF Life Insurance Board of Directors: &ldquo;2018 was a very successful year for our company with a strong financial performance and continued sustainable growth. We are delighted that our strategy of offering clients long-term savings solutions and savings protection is being well received in the Russian market. We continue to launch new products into the market so that we can provide our clients with the best possible products and services to help them to most effectively plan for their future financial requirements.&rdquo;
PPF Life Insurance is a stable business and has been rated ruAA by RAEX, a Russia-based rating agency for six consecutive years, confirming our high levels of financial credibility.

PPF Life Insurance: Results for 2018 

PPF Group is an international investment group founded in the Czech 
Republic in 1991. It has grown to manage operations in 25 countries around the world.

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	2021	2020
PPF Group share	100%	100%
Gross written premium (EUR millions)	55.0	52.5
Net profit (EUR millions)	12.0	4.7
Total equity (EUR millions)	39.3	41.8

PPF Life Insurance

Key Financials

Contacts

PPF Life Insurance LLC

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