Etalon Group Completes Successful Pilot of New Insurance Service

04 April 2024

ETALON GROUP PLC (“Etalon Group” or the “Company”), one of Russia’s largest and longest-established development and construction companies, has successfully completed testing of Etalon Insurance, a new insurance brokerage service for its customers that was launched in February 2024.

Homebuyers who purchase real estate through Etalon Group can use the new service to select from a range of insurance products and complete all the necessary paperwork. Also intended for internal customers, Etalon Insurance offer employee insurance, corporate insurance as well as construction risk insurance.

In 2023, the total amount of mortgage loans for the purchase of primary housing at Etalon Group properties amounted to some RUB 37 billion, with insurance premiums on these contracts coming to around RUB 150 million.

In light of its rapid expansion into regional markets and plans for significant further business growth, Etalon Group sees excellent potential in terms of both demand for the service among new customers and market volume for the product on the strategic horizon.

This and other recent announcements are available on the Etalon Group website:

Contact Information

Etalon Group

IR Team
T: +44 (0) 20 8123 1328



About Etalon Group

Founded in 1987, today Etalon Group is one of the leading nationwide players in Russia’s development and housing construction sector. The Company has been actively developing in eight regions across Russia since 2021, with large-scale projects under way in Omsk, the Novosibirsk region, Ekaterinburg, Tyumen and Kazan. With 37 years of successful operations and ongoing regional expansion, the Company remains one of the largest players in the Russian real estate market. Since its foundation, Etalon Group has delivered 9.0 mln sqm of real estate.

Thanks to its integrated business model, Etalon Group creates added value for customers and shareholders at every stage of development, from land plot analysis and acquisition to the operation and maintenance of existing properties. Etalon Group employs nearly 6,000 people, and its nationwide sales network covers 35 regions across Russia.

Etalon Group’s assets comprise 32 projects at the design and construction stages in eight regions, unsold inventory at completed residential complexes and commercial properties, and land plots with total unsold NSA of 5.9 mln sqm, as well as a construction and maintenance division. According to Nikoliers, the value of Etalon Group assets as of 31 December 2023 was RUB 303 billion.

In 2023, Etalon Group's new contract sales totalled 547 ths sqm, or RUB 105.6 billion.

The Company's revenue in 2023 amounted to RUB 88.8 billion, with EBITDA of RUB 18.1 billion.

Etalon Group's GDRs are traded on Moscow Exchange (ticker ETLN), where they are included in the Level 1 quotation list.