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Ukrainian Insurance Group increases collection of net premiums by 8% in nine months
KYIV. Oct 29 (Interfax-Ukraine) – PrJSC Ukrainian Insurance Group (Kyiv) in January-September 2021 collected UAH 1.072 billion in net premiums, which is 8% more than in the same period in 2020.
According to the company’s report, posted in the information disclosure system of the National Securities and Stock Market Commission, its gross premiums for this period increased by 22.3% – to UAH 1.673 billion. Some UAH 620.292 million (more by 73.4%) was transferred to reinsurance.
For the nine months the company paid out UAH 451.034 million, which is 1.2% more than in the same period a year earlier.
Administrative expenses of the company amounted to UAH 75.370 million (more by 23%), sales expenses – UAH 491.644 million (more by 16.6%)
The pretax financial result amounted to UAH 60.896 million, which is almost three times less than in the nine months of 2020. Net profit amounted to UAH 7.861 million against UAH 105.932 million profit for the same period a year earlier.
Ukrainian Insurance Group is a company with 100% foreign capital. It has been working in the Ukrainian conventional insurance market since 2000. It is part of one of the world’s largest insurance groups, the market leader in Central and Eastern Europe – Vienna Insurance.
