Business news from Ukraine

Business news from Ukraine

“PZU Ukraine” increased insurance premiums by 20% in 2024

28 March , 2025  

In 2024, insurance company PZU Ukraine attracted UAH 2.248 billion in premiums, which is UAH 379 million, or 20%, more than in 2023, according to a press release from the insurer.

According to the company, the largest increase in payments at the end of the year was recorded in the following segments: health insurance – by 37%, or UAH 88 million, MTPL – by 28% (+UAH 138 million), hull insurance increased by 22% (+UAH 80 million), Green Card has an increase of 11% (UAH 54 million), and assistance +10% (UAH 9 million).

The share of MOTPL in the company’s portfolio amounted to 28%, or UAH 637 million of payments, Green Card – 24% (UAH 543 million of insurance premiums), CASCO – 20% (UAH 450 million).

In turn, the share of health insurance in the company’s portfolio amounted to 15%, and the company collected UAH 326 million in payments under these contracts in 2024.

PZU Ukraine’s revenues from other insurance contracts amounted to UAH 291 million, or 13% of total revenues.

In 2024, the total amount of insurance payments amounted to UAH 1.048 billion, which is 49% more than in 2023.

Last year, the company settled insurance claims in the amount of UAH 226 million in the motor hull segment, UAH 327 million in the MTPL segment, UAH 176 million under Green Card contracts, and UAH 235 million in VHI.

In addition, the insurer reports that the financial result before taxation for 2024 amounted to UAH 19 million, according to the auditor’s report.

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.

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