Insurance Company “Ukrainian Insurance Group” (USG, Kyiv) collected UAH 1.944 billion in gross premiums in January–June 2026, which is 0.62% more than in the same period a year ago; net premiums decreased by 2.24% to UAH 1.699 billion, while net earned premiums rose by 28.13% to 1.807 billion UAH.
This was reported by the rating agency “Standard-Rating” in its announcement regarding the renewal of the company’s financial stability rating at the “uaAAA” level on the national scale, based on its performance for January–June 2026.
According to the report, premiums from individual policyholders decreased by 11.66% over the first half of the year to 1.050 billion UAH, while premiums from reinsurers, on the contrary, increased by 20.68% to 3.811 million UAH. At the same time, the share of individual policyholders in gross premiums was 54%, while the share of reinsurers was 0.20%.
Premiums ceded to reinsurers for the first half of 2026 rose by 26.31% to 244.702 million UAH. Consequently, the reinsurers’ share of insurance premiums increased by 2.56 percentage points to 12.59%.
The total amount of insurance payments and claims settled by PJSC “USG Insurance Company” over the six-month period amounted to UAH 1.327 billion, which is 47.29% higher than in the corresponding period of 2025. At the same time, the claims ratio rose by 21.62 percentage points to 68.24%.
USG Insurance Company’s operating profit for the first half of 2026 increased 7.57-fold compared to the same period in 2025, reaching 148.433 million UAH, while net profit rose 2.55-fold to 217.345 million UAH.
As of July 1, 2026, the company’s assets decreased by 3.76% to 4.042 billion UAH, equity increased by 23.47% to UAH 1.142 billion, liabilities decreased by 11.44% to UAH 2.9 billion, and cash and cash equivalents increased by 37.47% to UAH 279.149 million.
The RA notes that as of the reporting date, the insurer had formed a portfolio of financial investments totaling 2.176 billion UAH, consisting of government bonds and municipal bonds, as well as deposits in banks with high credit ratings. Liquid assets collectively covered 84.65% of the insurer’s liabilities.
As previously reported, the controlling shareholder of “IC ”USG” is the Vienna Insurance Group, an international insurance group headquartered in Austria, which is represented by 50 companies in 30 countries and is the leader in the Central and Eastern European insurance market.
