Insurance company Knyazha Vienna Insurance Group (Knyazha VIG, Kyiv) collected UAH 876.9 million in insurance payments in January-March 2025, which is 61.35% more than in the same period a year earlier, with net premiums amounting to UAH 453.822 million. (+ 32.17%).
This information was published by the rating agency Standard-Rating, confirming the insurer’s financial stability/credit rating at “uaAA+” for the period in question.
According to the RA website, during the period in question, income from individuals grew by 67.65% to UAH 631.450 million, and from reinsurers by 3.66 times to UAH 2.119 million. The share of individuals in gross premiums was 72.01%, and the share of reinsurers was 0.24%.
Insurance payments sent to reinsurers in the first quarter of 2025 increased by 71.40% compared to the same period in 2024, to UAH 312.435 million. Thus, the share of reinsurance companies in insurance premiums increased by 2.09 percentage points, to 35.63%. to 35.63%.
Insurance payments and reimbursements increased by 36.62% to UAH 297.438 million. The level of payments decreased by 6.14 percentage points to 33.92%.
At the end of the first quarter of 2025, operating profit amounted to UAH 43.579 million, and net profit increased 3.36 times to UAH 60.756 million.
As of April 1, 2025, the assets of IC “Knyazha VIG” increased by 14.12% to UAH 2.487 billion, equity capital by 15.23% to UAH 518.348 million, liabilities showed an increase of 13.83% to UAH 1.969 billion, cash and cash equivalents decreased by 5.24% to UAH 77.270 million.
It is reported that as of April 1, 2025, the insurer made current financial investments in the amount of UAH 1.203 billion, consisting of government bonds (70.49% of the investment portfolio) and deposits in banks with high credit ratings (29.51% of the portfolio).
PJSC “IC ‘Knyazha Vienna Insurance Group’ is part of the Vienna Insurance Group Ukraine, whose main shareholder is Vienna Insurance Group AG Wiener Versicherung Gruppe (Austria). The group also includes PJSC “IC ‘Ukrainian Insurance Group’ – 100%, PJSC ‘IC ’KnyazhaLIFE Vienna Insurance Group” – 97.8%, LLC “USG Consulting” – 50.7%, LLC “VIG Services Ukraine” – 78.7%, LLC “Assistance Company ‘Ukrainian Assistance Service’ – 100%.
