IC “BBS Insurance” (former IC ‘Brokbusiness’, Kiev) has collected UAH 660,03 m of gross premiums in January-September 2025, that is by 64,70% more than in the same period of 2024, RA “Expert Rating” informed in the information on confirmation of IC financial strength rating at the level “uaAA” according to the national scale.
According to RA data, the share of insurance premiums owned by reinsurers has grown by 44,6%, and their share in the structure of gross premiums of the company has decreased by 0,23 p.p. and has amounted to 1,63%.
In the first nine months of 2025, the company made 77.75% more insurance payments and indemnities than in the first nine months of 2024, and the level of payments increased by 2.62 p.p. to 35.67%. – up to 35,67%.
During the reporting period shareholders’ equity of IC “BBS Insurance” has grown by 21,21% – up to UAH 196,84 mln, and its gross liabilities have increased by 61,05% and have amounted to UAH 388,29 mln. As a result of high rates of liabilities growth there has been a decrease in the level of shareholders’ equity coverage of insurer liabilities in the analyzed period: by 16,67 p.p. to 50,69%. – to 50,69%.
The volume of cash and cash equivalents has grown by 58,62% and has amounted to UAH 382,28 mln, and the ratio between cash and liabilities of the insurer has decreased by 1,51 p.p. to 98,45%. – to 98,45%. Thus, as of the beginning of Q4 2025, highly liquid assets have covered company liabilities by 98,45%.
RA also notes that in the analyzed period the activity of the company was profitable, so compared to the same period of 2024 the operating profit grew by 38,51% and amounted to UAH 49,05 mln, and net profit increased by 27,13% to UAH 47,63 mln.
IC “BBS Insurance” has been working in the Ukrainian insurance market for more than 30 years and is represented in all regions of the country. It has a license for insurance activity in 18 classes.
