Insurance company “Quorum” (Kyiv) in January-March 2025 collected insurance premiums in the amount of UAH 17.07 million, which is 35.6% more than in the same period of 2024, the rating agency (RA) “Standard-Rating” reported in information on updating the credit rating / financial strength rating of the company on the national scale at the level of “uaAA”.
The agency clarified that it updated the rating based on an analysis of the company’s performance for the specified reporting period.
The insurance company’s revenues from individuals increased by 34.96% to UAH 10.5 million over the year, while there were no revenues from reinsurers. The share of individuals in gross premiums in the first quarter amounted to 61.51%.
Insurance payments sent to reinsurers amounted to UAH 3 million, which is 30.1% less than in the same period of 2024. Thus, the ratio of reinsurers’ participation in insurance premiums decreased by 16.54 percentage points (p.p.) to 17.62%.
The insurer’s net written premiums increased by 69.66% to UAH 14.063 million, and net earned premiums increased by 70.43% to UAH 13.972 million.
The volume of insurance payments and reimbursements made by Quorum Insurance Company in January-March 2025 increased by 54.89% to UAH 2.328 million compared to the same period last year. Thus, the payout ratio increased by 1.7 percentage points to 13.64%.
The company’s operations in this period were profitable. In particular, the profit from operating activities amounted to UAH 1,605 million, and net profit – UAH 1,263 million.
As of April 1, 2025, the company’s assets increased by 0.73% to UAH 70.405 million, equity – by 2.06% to UAH 62.683 million, and liabilities decreased by 8.88% to UAH 7.722 million, while cash and cash equivalents increased by 3.42% to UAH 51.559 million.
Quorum Insurance was established in March 2014 and specializes in risk insurance.
