The meeting of shareholders of PJSC Ukrainian Joint-Stock Insurance Company ASKA-Life (Kyiv) on February 5 will consider increasing the authorized capital by 2.56 times, up to UAH 49.625 million, by holding an additional issue of UAH 30.240 million.
According to the information disclosure system of the National Securities and Stock Market Commission (NSSMC), the issue will be carried out by increasing the nominal value of shares by allocating part of the retained earnings for 2014-2019 to the authorized capital.
As reported, in January-September 2023, the company collected net and gross insurance premiums in the amount of UAH 117.5 million, which is 49% less than in the same period in 2022.
In the first nine months of 2023, the company paid UAH 8.376 million to customers, which is 36% more than in the same period of 2022. The company’s administrative expenses for the reporting period increased by 15.4% to UAH 9.436 million, while sales expenses decreased by 2.2 times to UAH 98.9 million.
The financial loss from operating activities for the first nine months of 2023 decreased to UAH 12.6 million from UAH 15.7 million compared to the same period in 2022.
Net loss amounted to UAH 1,058 million, which is 6.5 times less than in January-September 2022.
ASKA-Life Insurance Company was registered in 2003 and specializes in life insurance.
As reported on the website of the National Securities and Stock Market Commission, as of the second quarter of 2023, 55.6667% of the company belongs to SCM Finance Limited, and 44.3333% to Alexander Sosis.
