Business news from Ukraine

ARX insurance company joined leaders of Ukrainian insurance market in 2022

24 March , 2023  

Insurance company ARX (Kyiv), according to the National Bank of Ukraine, according to the results of 2022 took a leading position in four indicators, the company said in a statement.
In particular, the company was the first in terms of net premiums earned and collected more than 2.9 billion UAH, labor costs – 373.6 million UAH, profit – more than 537 million UAH, income tax expenses – 212.6 million UAH.
Besides, the company has taken the second position on payments to customers by reimbursing about 1,04 mln UAH and written premiums – more than 2,7 bn UAH
In total the gross premiums of ARX and ARX Life insurance companies for the year 2022 amounted to more than UAH 3,03 billion. The net profit of the two companies is UAH 559 mln.
IC “ARX” has been working in the insurance market for 26 years. According to its data, the company is the leader in CASCO insurance for the 12th year in a row. It takes the first place among the insurers of Ukraine on the amount of net premiums and net indemnities for 2021. It is a part of the international insurance holding Fairfax Financial Holdings Limited (Canada).

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