The Supervisory Board of Ukrainian Joint Stock Insurance Company ASKA-Zhizn (Kiev) on May 17 terminated the powers of the general director Elena Pantova due to the end of her employment contract, according to the insurer’s information published in the information disclosure system of the National Securities and Stock Market Commission of Ukraine (NSCSML).
It was also specified that by the decision of the Supervisory Board, Lyudmila Berkovich was appointed Acting General Director of the company, who during the last five years held the position – member of the Supervisory Board of “IC ASKA DS”, Deputy General Director for finance of “UASKA ASKA” and Deputy General Director for finance of “UASKA-Life”.
As it was reported, in January-March, 2023 “ASKA-Life” collected net and gross insurance premiums for the amount of 44,968 million UAH, which is by 49,2% less than in the same period of 2022.
The company has paid out UAH 4,310 mln to customers during the three months of 2023, which is 57,3% more than in the same period a year earlier.
The administrative costs of the company during the reporting period decreased by 8.8% going to UAH 2.9 mln, and the expenses on sales increased 2.4 times going to UAH 39.010 mln.
The financial loss from operations in the first quarter of 2023 decreased to UAH 9.027 mln from UAH 15.073 mln in the first quarter of 2022.
The net loss has amounted to UAH 6,5 mln that is 2,2 times less than in January-March 2022.
ASKA-Life registered in 2003, specializing in life insurance.
As reported on its website, as of Q4 2022, 55,6667% of the company is owned by SCM Finance Limited, Alexander Sosis – 44,3333%.
