Private company

Sogaz

Logo: СОГАЗ, Public domain, via Wikimedia Commons³

Russian insurance company

SOGAZ is a Russian insurance company. SOGAZ became the first in Russia by written premium (₽142.8 billion or US$2.3 billion) and market share (12.1%) in 2016. The company was formed in 1993 and has direct business in Russia and Serbia.² It was founded by Gazprom.¹ Its revenue was ₽162 billion in 2017.¹ Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

1993Founded¹

Industryinsurance¹
Websitewww.sogaz.ru/eng

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SOGAZ is a Russian insurance company. SOGAZ became the first in Russia by written premium (₽142.8 billion or US$2.3 billion) and market share (12.1%) in 2016.²

Corporate structure

Sogaz sits at the top of its group. 3 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Sogaz
- Channel One Russia Subsidiary · Ostankino Technical Center
  - Channel One Russia International Network Subsidiary · Russia

Built from subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Sogaz reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Stakes and holdings (Wikidata)

Channel One Russia

Things Wikidata records the company as owning, with the share when stated.¹

The story

Founded by Gazprom in 1993.¹

Subsidiaries and ownership

Also owns

Channel One Russia

From Wikidata.¹

Acquisitions

SOGAZ carries out a consistent and active policy on the purchase of attractive insurance assets. The objects of such purchases are always captive insurers and insurance companies focused on corporate insurance, except VTB Insurance which had been a subsidiary of VTB Bank. SOGAZ acquired 7 notable companies in the Russian insurance market:

Neftepolis (2005, formerly owned by Rosneft);

Sheksna (2009, Severstal);

Insurance company Transneft (2013, Transneft);

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Insurance company Alrosa (2014, Alrosa);

ZHASO (2016, Russian Railways);

Regiongarant (2017, Surgutex);

VTB Insurance (2018, VTB Bank).

In December 2021 SOGAZ has also acquired all 45% indirect stake of USM, headed by Alisher Usmanov, in VK (company), mentioned as a strategic investment for the buyer.

From Wikipedia’s article on Sogaz, shared under CC BY-SA 4.0.⁴

Revenue over time

As stated on Wikidata, in the currency reported.

Revenue

2017162.3B RUB¹

Net income

201730.6B RUB¹

Controversies and legal

Sanctions

European Union companies were banned from doing business with Sogaz in March 2022.

Sogaz came under international sanctions from the European Union for insuring a bridge in Crimea.

On March 15, 2022, Sogaz came under UK sanctions, the company's accounts were frozen, and UK residents were prohibited from conducting financial activities with Sogaz. On October 28, 2022, Sogaz was included in Canada's sanctions list.

On June 12, 2024, Sogaz was included in the US blocking sanctions list against the "architecture of the Russian financial system of Russia", as a company that provides insurance to Russian military personnel and employees of leading defense enterprises under sanctions.

For similar reasons, Sogaz is under sanctions from Switzerland, New Zealand, Ukraine and Australia.