In January-March 2025, ARX Insurance Company (ARX, Kyiv) collected gross insurance premiums in the amount of UAH 1.313 billion, which is 38.67% more than a year earlier, and net premiums in the amount of UAH 1.261 billion (37.11%).
These statistics are provided on the website of RA Standard-Rating regarding the update of the company’s credit rating/financial stability (reliability) rating at the level of “uaААА” on the national scale based on the results of the first quarter of 2025.
Revenues from individuals increased by 40.33% to UAH 711.167 million, while revenues from reinsurers decreased by 44.65% to UAH 2.967 million. Thus, at the end of the first quarter of 2025, individuals accounted for 54.18% of the insurer’s gross premiums, while reinsurers accounted for 0.23%.
Insurance payments sent to reinsurers in January-March 2025 increased by 91.63% compared to the same period in 2024, to UAH 51.912 million. The share of reinsurance companies in insurance premiums increased to 3.96%.
The volume of insurance payments made by the insurer in the first quarter of 2025 increased by 13.92% compared to the first quarter of 2024, to UAH 491.205 million. Given the higher growth rate of gross premiums compared to insurance payments, the level of payments decreased by 8.14 percentage points, to 37.42%. to 37.42%.
As of April 1, 2025, the company’s assets grew by 6.41% to UAH 5.555 billion, equity increased by 1.99% to UAH 2.686 billion, liabilities increased by 10.90% to UAH 2.869 billion, cash and cash equivalents grew by 41.96% to UAH 1.161 billion.
According to the results of the first three months of 2025, the operating loss amounted to UAH 30.5 million, and net profit amounted to UAH 52.513 million.
The information also reports that as of the beginning of the second quarter of 2025, the insurer made financial investments in the amount of UAH 2.664 billion, consisting of government bonds (73.83% of the investment portfolio) and deposits in banks with an investment credit rating (26.17% of the portfolio). Thus, as of the reporting date, the liquid assets exceeded the liabilities of ARX Insurance Company by 1.33 times.
ARX Insurance Company was established in 1994 and is part of the international insurance holding company Fairfax Financial Holdings Ltd. ARX Insurance Company is one of the five leading insurance companies in Ukraine in terms of premiums collected and payments made. It has been the leader in the CASCO segment of the Ukrainian market for 16 years.
