According to its report, INGO Insurance Company (Kyiv) collected UAH 5.05 billion (approximately $120 million) in gross insurance premiums in 2025, which is 48% higher than in 2024 and the highest figure in the company’s history.
The highest growth among the segments was shown by MTPL, which collected UAH 1.24 billion compared to UAH 445 million a year earlier (2.8 times more). The property insurance portfolio (including MAT and liability) amounted to UAH 1.59 billion (+70%), medical insurance (VMI) reached UAH 867 million (+21%), and CASCO auto insurance also reached UAH 867 million (+17%).
According to the company, its share in the property insurance market increased from 12.9% to 17.6%, and its total market share increased from 5% to 7%.
According to Andriy Semchenko, Chairman of the Board of INGO, the company’s net profit for 2025 amounted to UAH 348 million (+36% compared to 2024), assets grew to UAH 2.18 billion (+44%), and equity capital to UAH 1.5 billion (+21%). Insurance reserves amounted to UAH 3.58 billion (+40%). The combined ratio for the year was 96.1%.
Insurance payments in 2025 amounted to UAH 2.21 billion, which is 41% more than a year earlier.
The company paid UAH 223 million in taxes (+39%) to budgets of all levels. The number of insurance contracts increased by 17% to 879,000.
“The result is fully in line with the company’s strategy and financial plans in each area. This also applies to the volume of premiums collected, profitability, and investment activities,” Semchenko said.
The company separately noted its participation in the EBRD’s war risk insurance program, developed in collaboration with international insurance broker Aon. INGO was one of the first local insurers to participate and received the largest coverage limit among Ukrainian insurers – EUR 50 million. In 2025, the program insured domestic freight transportation, leasing and vehicle fleets, as well as intermediate storage in ports for a total amount of approximately EUR 233 million.
The company also reports that over the past year, the share of contracts with individuals in the total portfolio has increased.
In 2026, the company will focus on maintaining a balanced portfolio structure, further developing the retail segment, and participating in international war risk reinsurance programs. A separate task remains to maintain operational efficiency and fulfill financial plans.
INGO Insurance Company was founded in 1994 and is one of the three largest insurers in the country in terms of assets and premiums. It has a reputation as a financially stable partner and a socially important institution for the Ukrainian economy.
On December 29, 2025, the rating agency IBI-Rating confirmed the company’s long-term credit rating at uaAA and its financial stability rating at uaAA.ifr, both with a “developing” outlook.
