Business news from Ukraine

Business news from Ukraine

Respect Insurance Company Increased Net Premiums by 33.8% in First Half of Year

24 July , 2026  

PJSC “Respect Insurance Company” (Odesa) collected UAH 52.641 million in net premiums in January–June 2026, which is 33.8% more than in the same period of 2025.

According to the company’s interim report, published in the disclosure system of the National Securities and Stock Market Commission (NSSMC), its gross premiums for this period totaled 52.781 million UAH (+33%, respectively). A total of 140,000 UAH was ceded to reinsurers (2.1 times less).

During this period, the company paid out 5.548 million UAH, which is 0.7% less than during the same period a year ago. Meanwhile, administrative expenses totaled 62,000 UAH, which is 4.3 times less than in the first six months of 2025.

Respect Insurance Company’s operating profit for the first half of the year amounted to 17.129 million UAH (3.2 times higher), and net profit was 18.834 million UAH (2.7 times higher).

According to data from the National Securities and Stock Market Commission as of the first quarter of 2026, LLC “Asset Management Company YUG-Invest” (the “Industrial” Closed-End Undiversified Venture Capital Investment Fund) held 67.935% of the insurer’s shares, “Ulyublene Misto” LLC held 9.646%, and “Bereg Stroy Service 2017” LLC held 9.242%.

“Respect” Insurance Company has been operating in the Ukrainian market since March 1995. The company’s main risk portfolio is related to the transportation sector.

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