PJSC “VUSO Insurance Company” (Kyiv) collected 1 billion UAH in gross premiums in January–March 2026, which is 28.3% more than in the same period a year earlier; net premiums rose by 21.09% to 1.030 billion UAH, while net earned premiums rose by 49.87% to 1.240 billion UAH.
These figures are cited in a report by the rating agency “Standard-Rating” confirming the company’s financial stability rating at “uaAA” on the national scale for the specified period.
According to data on the RA’s website, premiums from individual policyholders increased by 20.05% to 748.602 million UAH during the specified period, while premiums from reinsurers decreased by 4.86% to 8.877 million UAH. Thus, the share of individual policyholders in the insurer’s gross premiums as of the end of the first quarter of 2026 was 59.87%, while the share of reinsurers was 0.71%.
Accrued reinsurance premiums ceded for the first quarter of 2026 increased by 77.94% to 220.729 million UAH compared to the same period in 2025. Thus, the reinsurers’ share of insurance premiums increased by 4.92 percentage points to 17.65%.
In the first quarter of 2026, VUSO Insurance Company paid out UAH 599.881 million to its clients, which is 53.71% higher than the volume of insurance payments and reimbursements for the first quarter of 2025. Consequently, the payout ratio increased by 7.92 percentage points to 47.98%.
The RA also notes that VUSO Insurance Company’s financial results for the reporting period showed significant growth: operating profit increased 2.71-fold to 145.193 million UAH, while net profit rose 3.85-fold to 157.749 million UAH.
As of April 1, 2026, the company’s assets increased by 4.23% to 3.266 billion UAH, equity rose by 15.75% to 1.159 billion UAH, liabilities decreased by 1.18% to 2.107 billion UAH,
and cash and cash equivalents decreased by 3.93% to 1.163 billion UAH.
The RA notes that as of the reporting date, the company had built up a portfolio of current investments in government bonds totaling 554.884 million UAH, which increased the insurer’s level of liquidity coverage; these assets collectively covered 81.53% of the company’s liabilities. In addition, the insurer’s balance in the MTIBU’s centralized insurance reserve funds amounted to 710.385 million UAH.
VUSO was founded in 2001. It is a member of the MTIBU and the UFS, a participant in the Direct Claims Settlement Agreement, and a member of the Nuclear Insurance Pool.
GROSS PREMIUMS, VUSO Insurance Company
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