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VSK insurer sees net loss more than double in 2021

KYIV. May 5 (Interfax-Ukraine) – Ukrainian Military Insurance Company (VSK, Kyiv) in 2021 saw a net loss of UAH 7.8 million, which is 2.19 times more than in 2020 (UAH 3.576 million), follows from the agenda of a meeting of shareholders, published in the information disclosure system of the National Securities and Stock Market Commission of Ukraine.

The report notes that as of December 31, 2020 its assets decreased by 13% – to UAH 68.56 million, cash and cash equivalent – by 37.9% – to UAH 4.717 million, equity – by 0.9%, to UAH 45.780 million, debtor indebtedness – by 11.7%, to UAH 14.876 million.

Long-term liabilities of the company for the year decreased by 34.2% – to UAH 11.571 million, current – by 25.5%, to UAH 11.209 million.

Ukrainian Military Insurance Company was registered in 2001 as Military Insurance Company and specializes in providing services in the field of risk insurance.