Business news from Ukraine

Business news from Ukraine

UPSC plans to allocate UAH 4.8 mln to pay dividends

16 October , 2024  

At a meeting on November 5, shareholders of Ukrainian Fire Insurance Company (UPSC, Kyiv) plan to decide to allocate UAH 4.8 million of retained earnings for 2023 to dividends, according to the company’s information disclosure system.
The amount of dividends per share is UAH 0.3.
As reported, the insurer’s shareholders at a meeting on May 7, 2024, decided to allocate UAH 25.6 million of retained earnings for 2022 for dividends. The amount of dividends per share was UAH 1.6.
“UPSK” PrJSC was registered in 1993. The company specializes in motor, financial, travel, property, cargo and luggage insurance.
The insurer is a member of the Motor (Transport) Insurance Bureau of Ukraine and holds 36 insurance licenses: 20 for voluntary insurance and 16 for compulsory insurance.
According to the National Securities and Stock Market Commission, as of the second quarter of 2024, the owner of 99.999% of the insurer’s shares is Oleksandr Mikhailov.
The authorized capital of the insurer is UAH 100 million.

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