In January-June 2025, the insurance company Ukrainian Insurance Group (UIG, Kyiv) collected UAH 1.932 billion in gross premiums, which is 37.14% more than in the same period last year, with net premiums amounting to UAH 1.738 billion (+51.54%).
This was reported on the website of the rating agency Standard-Rating, which confirmed the insurance company’s financial stability/credit rating at “uaAA+” based on the results of the reporting period.
At the same time, income from individuals during this period increased by 64.20% to UAH 1.188 billion, while income from reinsurers decreased by 25.78% to UAH 3.158 million. At the end of the first half of 2025, individuals accounted for 61.51% of the company’s gross premiums, while reinsurers accounted for 0.16%.
Insurance payments sent to reinsurers in the first half of 2025 decreased by 25.99% to UAH 193.735 million compared to the same period last year. Thus, the share of reinsurance companies in insurance premiums decreased by 8.55 percentage points (pp) to 10.03%.
The volume of insurance payments and reimbursements made by the USG in the first half of 2025 amounted to UAH 900.708 million, which is 50.41% higher than in January-June 2024. Thus, the level of payments increased by 4.12 p.p. to 46.62%.
The company’s operating profit for the reporting period fell to UAH 19.601 million (-46.99%), while net profit decreased to UAH 85.324 million (-9.5%).
As of July 1, 2025, the insurance company’s assets increased by 16.44% to UAH 3.480 billion, and its equity capital by 13.62% to UAH 707.466 million. Liabilities showed an increase of 17.18% and rose to UAH 2.773 billion, while cash and cash equivalents grew by 82.80% to UAH 423.46 million.
RA notes that at the beginning of the third quarter of 2025, the company had a satisfactory level of capitalization (25.52%), and cash covered 15.27% of its liabilities. The insurer formed a portfolio of financial investments worth UAH 1.891 billion, consisting of government bonds and government bonds with a fixed coupon (81.37% of the portfolio) and deposits in banks with high credit ratings (18.63%). As of July 1, 2025, liquid assets covered 83.47% of the insurer’s liabilities.
As reported, the controlling shareholder of IC USG is the Vienna Insurance Group, an international insurance group headquartered in Austria, which is represented by 50 companies in 30 countries and is the leader in the insurance market of Central and Eastern Europe.
