On March 25, the shareholders’ meeting of Ukrainian Joint Stock Insurance Company ASKA-Life (Kyiv) decided to increase the authorized capital by 2.56 times, up to UAH 49.625 million, through an additional issue of shares worth UAH 30.240 million.
As the company reported in the information disclosure system of the National Securities and Stock Market Commission (NSSMC), the additional issue of shares will be made at the expense of part of the retained earnings for 2014-2019.
As reported, in January-September 2023, ASKA-Life 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.
During the reporting period, the company paid UAH 8.376 million to clients (36% more). The company’s administrative expenses increased by 15.4% to UAH 9.436 million, while sales expenses decreased by 2.2 times to UAH 98.9 million.
At the same time, the financial loss from operating activities for the first nine months of 2021 decreased to UAH 12.6 million from UAH 15.7 million. 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.
According to the National Securities and Stock Market Commission, as of the second quarter of 2023, 55.6667% of the company is owned by SCM Finance Limited, 44.3333% – by Alexander Sosis.
