Business news from Ukraine

Insurance company “Unives” in January-March has reduced collection of net premiums almost 10 times

28 April , 2023  

Insurance company Unives (Kyiv) in January-March 2023 collected UAH 1.223 mln of net premiums, which is 9.4 times less than during the same period of 2022. As it is reported in the interim report of the company, placed in the information disclosure system of NSCE, its gross premiums for this period amounted to UAH 144 ths, while during the same period a year earlier it was UAH 6,769 mln. UAH 2 ths was ceded in reinsurance.
The company paid out UAH 1,011 mln in the first three months, which is 3,1 times less than in the same period a year ago.
The company’s administrative costs amounted to UAH 833 th (-18.8%), while sales expenses amounted to UAH 110 th.
Net profit decreased 4,8 times- to UAH 2,121 mln.
IC Unives works in the insurance market of Ukraine since 2003. It is a part of the financial group “Unives”. It specializes in risk insurance. It has 17 licenses for obligatory and voluntary types of insurance.
The authorized capital of the company amounts to UAH 50 mln.

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