Sovcombank has completed the acquisition of 100% of the shares of Kapital Life Life Insurance LLC (Kapital LIFE). This is stated in the message of the bank.
Sovcombank complements the combined platform with its own agency network, product expertise, customer base and resources of a systemically important bank. The combined sales network will comprise 10,000 consultants.
At the first stage, Capital LIFE will continue to operate as an independent company. All existing contracts remain in place, and customer service and work with agents and partners continue as usual.
In the future, the group plans to combine Capital LIFE and Sovcombank Life Insurance into one company in order to realize additional synergies and create a single platform for further business development.
Capital Life is an agency company in the Russian life insurance market. More than 200 divisions of the company are located in almost all regions of the country, the number of employees of the company exceeds 10 thousand people, including more than 7.7 thousand people in the agency building. According to IFRS, for 2025, net profit amounted to 6 billion rubles, capital — 29 billion rubles, assets — 90 billion rubles.
Sovcombank PJSC is a universal bank. It is included in the list of systemically important credit organizations (NWCO) of the Bank of Russia. The Bank serves 8.3 million individuals, including 7.6 million borrowers and more than 500,000 depositors. Sovcombank's net profit under IFRS for 2025 amounted to 53.2 billion rubles. This is 31% less than in 2024. Net interest income increased to 176.5 billion rubles from 158 billion rubles in the previous year. Net fee and commission income amounted to 48.9 billion rubles against 39.4 billion rubles a year earlier.
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