Last year, PJSC “Insurance Company ‘Persha’ (Kyiv) collected UAH 1.123 billion in gross premiums, which is 35.62% more than in 2023, according to the rating agency ‘Standard Rating’ in information on the confirmation of the credit rating/financial strength rating of the IC at the level of ‘uaAA’ on the national scale based on the results of activities for 2024.
It is also reported that revenues from individuals increased by 2.32% to UAH 417.581 million, while revenues from reinsurers, on the contrary, decreased by 30.54% to UAH 2.404 million. Thus, at the end of 2024, the share of individuals in the insurer’s gross premiums amounted to 37.19%, i.e. legal entities prevailed in the company’s client portfolio.
Insurance payments sent to reinsurers in 2024 increased by 4.38% to UAH 78.338 million compared to 2023, while the reinsurer participation ratio in insurance premiums decreased by 2.09 percentage points (p.p.) to 9.68%.
According to the RA, the insurer’s net written premiums increased by 38.73% to UAH 1.044 billion, and net earned premiums – by 39.56% to UAH 1.047 billion.
In 2024, Perva Insurance paid out UAH 452.743 million in insurance claims and indemnities to its clients, which is 55.09% higher than the volume of payments in 2023. Thus, the level of payments increased by 5.07 percentage points to 40.33%.
According to the results of 2024, the company’s operating profit increased to UAH 30.607 million, net profit – to UAH 36.279 million, return on equity amounted to 14.42%.
As of January 1, 2025, the insurer’s assets increased by 18.51% to UAH 1.099 billion, equity showed an increase of 33.64% and amounted to UAH 251.522 million, liabilities increased by 14.66% to UAH 847.291 million, cash and cash equivalents – by 2.54% to UAH 228.930 million.
At the same time, the RA notes that as of January 1, 2025, IC “Persha” formed a portfolio of current financial investments in bank deposits in the amount of UAH 16.625 million, which, together with cash and cash equivalents, covered 28.98% of its liabilities.
Thus, as of the beginning of 2025, the insurer had satisfactory levels of capitalization (29.69%) and the ratio between liquid assets and liabilities (28.98%).
“Persha” Insurance Company has been operating in the Ukrainian insurance market since 2001. The company’s main specialization is motor insurance. IC “Persha” is a member of MTIBU, the League of Insurance Organizations of Ukraine, and the National Insurer of International Road Transport Carnet (TIR).
