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TAST-Guaranty insurer cuts net premiums by 23% in 2022

KYIV. Jan 24 (Interfax-Ukraine) – TAST-Guaranty Insurance Company (Odesa) collected net premiums of UAH 977,000 in 2022, which is 23.4% less than a year earlier, according to the company’s information posted in the database of the National Securities and Stock Market Commission.

At the same time, gross premiums of the insurer dropped by 60%, to UAH 581,000.

In 2022, the company paid out UAH 33,000 to customers, which is almost the same as a year earlier.

The administrative expenses of the insurer plunged by 158%, to UAH 1.4 million, the financial result from operating activities grew by 71.8%, to UAH 275,000.

Net profit increased 3.9 times to UAH 139,000.

The charter capital of the company, as before, is UAH 8.073 million.

TAST-Guaranty Insurance Company was registered in 1998 and specializes in providing services in the field of risk insurance.