About the company Renaissance Insurance
Security pageRenaissance Insurance Group is one of the largest private insurers in Russia. The company operates both in risk insurance — motor, property, health — and in endowment life insurance. Its shares trade on the Moscow Exchange under the ticker RENI.
What the company does
An insurer has two sources of earnings, and the second is often more important than the first. The first is the underwriting result: the difference between the premiums collected and the claims paid together with the costs of running the business. It can be negative, and that is not necessarily a failure.
The second is investment income. Premiums come in today, while claims are paid later, and for all that time the money is invested in bonds and deposits. When interest rates are high, such a portfolio generates substantial income, and it is capable of offsetting a weak underwriting result.
Endowment life insurance works differently from risk insurance: the client pays in for years, the money accumulates, and for the company these are long and predictable liabilities — the very thing that allows it to invest for the long term.
Business lines
Motor insurance
Comprehensive motor policies and compulsory liability insurance — the most mass-market segment.
Life insurance
Endowment and investment programmes with a long horizon.
Medical and property insurance
Policies for companies and individuals: health, property, liability.
Investment portfolio
Investment of the collected premiums in bonds and deposits until claims fall due.
History
- 1997The insurance company that later became part of the group of the same name is founded.
- 2010-еDevelopment of digital sales channels and telemedicine.
- 2021Listing of the shares on the Moscow Exchange.
Business review
Strengths and weaknesses describe the business itself. Opportunities and threats describe what may happen around it.
Strengths
- Two sources of income: the underwriting result and the investment portfolio, which generates a substantial share of profit when interest rates are high.
- Life insurance provides long, predictable liabilities that are suitable for long-term investment.
- Well-developed digital sales channels lower the cost of acquiring a client.
- Insurance penetration in the country remains low by the standards of developed markets.
Weaknesses
- The loss ratio in motor insurance is rising along with the prices of spare parts and repairs.
- Falling interest rates cut investment income — the second pillar of the result.
- Tariffs for compulsory insurance are set by the regulator, not by the market.
- Large one-off events are capable of noticeably damaging the result for the year.
Opportunities
- Life insurance penetration in Russia is lower than in comparable economies.
- A high interest rate increases the income from investing insurance reserves.
- Tax incentives on long-term programmes attract clients.
- The exit of foreign insurers has freed up part of the market.
Threats
- A lower interest rate reduces the income from investing reserves.
- High deposit rates compete with endowment insurance.
- The regulator's capital requirements for insurers are being tightened.
- Falling household incomes reduce policy sales.
Frequently asked questions
What does Renaissance Insurance do?
The company sells insurance policies: motor, medical and property, as well as endowment life insurance programmes. It invests the collected premiums until claims fall due.
How does an insurance company make money?
In two ways. The first is the difference between the premiums received and the claims paid together with expenses. The second is the income from investing the premiums: the money comes in before the claims are paid, and for all that time it is at work.
Why does the level of interest rates matter for insurers?
Because their investment portfolio consists predominantly of bonds and deposits. When interest rates are high it earns more, and this is capable of offsetting a weak result in insurance itself.
Issuer profile
What the company does
The company is classified under the «Financials» sector, using the taxonomy we apply when comparing securities with one another.
The same sector holds 11 issuers on the platform, and their figures are computed by one method — so this company's revenue, profit and leverage can be compared with them directly.
The company is registered in Russia and identified in regulatory disclosure by tax number 7725497022. That number locates its statements in state registries regardless of how its name is spelled — and the spelling differs even between official documents.
Listed securities
The issuer has 1 security listed: 1 share class. All are shown on this page, including those trading in different modes and different currencies.
Across Moscow Exchange quotation list levels the securities split as follows: 1 at level 1. The level reflects how strict the disclosure, turnover and track-record requirements the issue meets are — not how attractive the investment is.
Dividend history
Between 2023 and 2025 the issuer made 4 payouts whose record date has already passed. A board recommendation or a forecast does not enter this history, because no money has been paid on them yet.
The most recent payout was 6.40 ₽ per security with a record date of 15 July 2025. That is the amount before tax: the broker withholds it on crediting, so less arrives in the account.
Financial statements
The most recent annual report we hold is for 2025 under IFRS. The standard is named for a reason: IFRS and RAS compute the same quantities by different rules, disagree by design and are never averaged.
Revenue for 2025 was 107.30B ₽.
That is 9.8 % more than in 2024, when revenue was 97.70B ₽. The comparison stays within one reporting standard — otherwise the growth could turn out to be a change of accounting rules and nothing more.
Net income for 2025 was 11.00B ₽.
Of every unit of revenue, 10.3 % remained as net income. This is the ratio of two figures already named above rather than a separate line from the report: comparing it across companies is meaningful only within one sector and one reporting standard.
Equity stands at 56.30B ₽ against total assets of 323.20B ₽. The difference between the two is the company's liabilities, and the larger it is relative to equity, the more the business depends on borrowed money.
This section is assembled from our own data on the company's securities, dividends and financial statements. It is a description, not a recommendation.