Recent Posts
- Ukraine recovery should be based on development of territorial communities, innovations, involvement of professional domestic community – results of ESUR forum 29.06.2023
- Ukraine repatriates five more seriously wounded Russian POWs 10.04.2023
- Rada intends to include history of Ukraine, foreign language in final certification for general secondary education 10.04.2023
- Rada terminates protocol on joint anti-terrorist measures in CIS territories for Ukraine 10.04.2023
- 100 Ukrainians, incl defenders of Mariupol, returned according to swap procedure – Yermak 10.04.2023
Kniazha VIG raises gross premiums by 15.6%, reduces payments by 3.9% in 2022
KYIV. March 27 (Interfax-Ukraine) – Kniazha Vienna Insurance Group (Kyiv) collected UAH 1.229 billion of insurance premiums in 2022, which is 15.61% more than in the same period a year earlier, according to the website of the Standard-Rating agency regarding the confirmation of the financial reliability/credit rating of the insurer at the level of “uaAA+” based on the results of the specified period.
According to the agency, in 2022, income from individuals increased by 22.45%, to UAH 897.822 million, and from reinsurers by 97.3%, to UAH 2.044 million. The share of individuals in the company’s gross premiums was 73.07%, while the share of reinsurers was 0.17%.
Insurance premiums sent to reinsurers in 2022 increased by 46.81% compared to 2021, to UAH 413.644 million. Thus, the participation rate of reinsurance companies in insurance premiums increased by 7.16 percentage points to 33.67%.
Net premiums increased by 4.35% to UAH 815.056 million, while earned premiums increased by 11.78% to UAH 798.278 million.
The volume of insurance payments and indemnities made by the company in 2022 compared to a year earlier decreased by 3.85%, to UAH 408.099 million. Thus, the level of payments decreased by 6.73 percentage points, to 33.21%.
Last year, the company received a net profit of UAH 39.030 million. Its assets increased by 30.58%, to UAH 1.939 billion, its equity capital – by 12.15%, to UAH 398.045 million, liabilities – by 36.36%, to UAH 1.541 billion, cash and cash equivalents – by 2.18 times, up to UAH 161.53 million.
PrJSC Kniazha Vienna Insurance Group is part of Vienna Insurance Group Ukraine, the main shareholder of which is Vienna Insurance Group AG Wiener Versicherung Gruppe (Austria).
