Ingosstrakh

Russian insurance company IngosstrakhTypeJoint-stock companyIndustryInsuranceFounded1947Headquarters Moscow, RussiaKey peopleMichail Volkov, CEORevenue$1.44 billion (2018)Net income$105 million (2018)Total assets$2.57 billion (2018)Total equity$1.09 billion (2018)Websiteingos.ru IPJSC Ingosstrakh (Russian: СПАО «Ингосстра́х») is one of the major insurance companies of Russia, as well as a public joint-stock company. Headquartered in Moscow, Ingosstrakh is the legal successor of the Chief Agency of Foreign Insurance of the USSR, founded in 1947. In 1972, it transformed into a stock company with 100% government shares. It went private in 1992. The first subsidiary foreign companies were established the Blackbaltsea (Russian: Блекбалси) in London in 1924 and the Black Sea-Baltic Insurance Joint Stock Company (SOVAG) or also transliterated as SOFAG (Russian: СОФАГ) (German: Die Schwarzmeer und Ostsee Versicherungs-Aktiengesellschaft, SOVAG) (Russian: Черноморско-Балтийское страховое акционерное общество SOFAG) in Hamburg on 7 July 1927. In Hamburg, SOFAG's sphere of activity included Austria, Czechoslovakia