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Oranta plans to allocate UAH 17.8 mln of profit for 2021 to cover previous losses
KYIV. Aug 15 (Interfax-Ukraine) – The shareholders of National Insurance Company Oranta (Kyiv) at a meeting on August 20 will consider the issue of directing UAH 17.536 million of net profit for 2021 to cover losses from previous periods, according to the agenda of the meeting, published in the information disclosure system of the National Securities and Stock Market Commission.
In addition, the shareholders plan to approve the remuneration to the members of the supervisory board and make changes to its composition.
As reported, in 2021 Oranta collected UAH 1.182 billion of premiums, which is 24% more than in 2020, UAH 58.861 million was transferred to reinsurance, of which UAH 39.470 million was transferred to residents, which is 37% more than a year earlier, for non-residents – UAH 19.391 million.
In the same year, the company made payments for UAH 442.930 million, which is 14.4% more than a year earlier.
The insurer’s reserves as of December 31, 2021 amounted to UAH 675.380 million, of which the part of reinsurers in insurance reserves amounted to UAH 64.501 million. Equity capital was UAH 322.485 million.
The company ended last year with a net profit of UAH 17.536 million, which is 2.6 times less than in 2020.
The charter capital of the company has not changed and amounts to UAH 159 million.
Oranta is the legal successor of Ukrgosstrakh, founded on November 25, 1921.
The main beneficiary of the company with 99.99% share is Oleksandr Yaroslavsky.
