Business news from Ukraine

Business news from Ukraine

PZU Ukraine Insurance Company increased premiums by 83% in 2024, but suffered losses

3 February , 2025  

In 2024, PZU Ukraine Insurance Company (Kyiv) collected UAH 2.033 billion in net premiums, which is 83.4% more than in 2023, according to the insurer’s interim data posted in the information disclosure system of the National Securities and Stock Market Commission (NSSMC).

At the same time, written premiums for the reporting period increased by 65.1% to UAH 2.170 billion. UAH 136.9 million was ceded for reinsurance, which is three times more than in the previous year.

In 2024, the company paid claims for UAH 2.205 billion, which is 4.6 times more than in 2023.

Gross loss amounted to UAH 172.013 million, financial expenses – UAH 39.976 million,

Last year, the financial result before taxation amounted to minus UAH 4.635 million, and the net loss was UAH 4.449 million.

PZU Ukraine is supported by one of the largest insurance groups in Central and Eastern Europe – PZU Group, which includes the parent company of PZU Ukraine – PZU S.A.