At a meeting to be held from November 27 to December 4, shareholders of IC “VUSO” (Kyiv) plan to decide on the allocation of UAH 20.013 million of confirmed undistributed profit for 2024 to dividend payments.
As reported by the company in the information disclosure system of the National Securities and Stock Market Commission (NSSMC), the remaining profit for 2024 in the amount of UAH 98.811 million is planned to be left undistributed.
The company also reports that the net confirmed undistributed profit for 2024 amounts to UAH 118.824 million.
The agenda of the meeting states that dividends will be paid at a rate of UAH 0.73 per share. Dividends will be paid in full directly to shareholders in accordance with the procedure established by law within six months from the date of the relevant decision by the general meeting of shareholders.
VUSO Insurance Company was founded in 2001. It is a member of the Motor Transport Insurance Bureau of Ukraine and the Ukrainian Financial Services Association, a participant in the Agreement on Direct Settlement of Claims, and a member of the Nuclear Insurance Pool.
In 2024, the company collected UAH 3.462 billion in gross premiums, which is 29.3% more than in 2023, the company’s net premiums increased by 25.55% to UAH 3.105 billion, and net earned premiums increased by 15.83% to UAH 2.737 billion.
In 2024, VUSO Insurance Company paid out UAH 1.414 billion to its clients, which is 45.40% higher than the amount of insurance payments and reimbursements in 2023. Thus, the payout ratio increased by 4.52 percentage points (pp) to 40.85%.
As of January 1, 2025, the insurer’s assets increased by 25.76% to UAH 1.917 billion, equity capital by 22.45% to UAH 755.839 million, liabilities increased by 28.01% to UAH 1.161 billion, cash and cash equivalents increased by 36.09% to UAH 758.730 million.
