International macrofinancial assistance to Ukraine (forecast to 2025 in billion USD)
Source: Open4Business.com.ua
Number of dead and wounded civilians in Ukraine from 24.02.2022 till 02.05.2024 un data
Source: Open4Business.com.ua
Quotes of interbank currency market of Ukraine (UAH for 1 pln, in 01.05.2024-31.05.2024)
Source: Open4Business.com.ua
The Supervisory Board of the insurance company ARX (Kiev) on July 28 re-elected the head of the board of the company Andriy Peretyazhko, first deputy head Maxim Mezhebitsky and deputy head of the board Vyacheslav Gavrilenko for a new term of five years, according to the information disclosure system of the National Commission on Securities and Stock Market.
In January-March 2024, the company collected gross insurance premiums of UAH 946.5 million, which is 21.08% more than in the same period a year earlier, net premiums increased by 20.46% to UAH 919.405 million, net earned insurance premiums – by 26.46% to UAH 934.380 million.
The volume of insurance payments made by the insurer, for the first quarter of 2024 has grown by 42,08% – up to UAH 431,185 mln. Thus, the level of payouts has grown by 6,73 p.p. – to 45,56%.
IC ARX is a part of the international Canadian insurance group Fairfax Financial Holdings, working in the Ukrainian market for 26 years, 11 of which under the brand AXA Insurance.
In January-March 2024, PJSC “Ukrainian Agrarian Insurance Company” (UASC, Kyiv) collected UAH 1.289 million of gross premiums, which is 7.33% less than in the same period a year earlier.
The rating agency Standard-Rating reported, confirming the company’s financial strength rating at the level of “uaAA” on the national scale.
According to the report on the RA website, in particular, revenues from individuals increased by 9.33% to UAH 0.082 million, and there were no premiums from reinsurers in the period under review. Thus, taking into account the share of individuals in gross premiums at 6.36%, legal entities prevailed in the insurer’s client portfolio.
Insurance payments sent to reinsurers for the first quarter of 2024 decreased by 19.18% to UAH 0.316 million compared to the same period in 2023, and the reinsurer participation ratio in insurance premiums decreased by 3.59 p.p. to 24.52%.
The company’s net written premiums in the analyzed period decreased by 2.70% to UAH 0.973 million.
In the first three months of 2024, the company paid UAH 1,741 million in insurance claims and indemnities to its clients, which is 74.97% higher than in the same period of 2023. The level of payments in the reporting period increased by 63.54 p.p. to 135.07%.
The financial result from operating activities amounted to UAH 3.515 million, and net profit amounted to UAH 6.842 million.
As of April 1, 2024, the insurer’s assets decreased by 1.25% to UAH 75.967 million, equity showed an increase of 11.57% to UAH 65.974 million, liabilities decreased by 43.85% to UAH 9.993 million, cash and cash equivalents decreased by 82.79% to UAH 3.604 million.
RA also reported that as of the reporting date, the company had formed a portfolio of current financial investments in the amount of UAH 68.666 million, which consisted of investments in government bonds.
IC Ukrainian Agricultural Insurance Company (formerly IC Salamandra-Dnipro) has been operating in the country’s market since 1995.
According to the Unified State Register of Legal Entities and Individual Entrepreneurs, 84.750% of UASC’s authorized capital is owned by Dobrobut Agrofirm, Astarta-Kyiv LLC owns 5.5%, and Poltavazernoprodukt Investment and Industrial Company LLC owns 9.75%.
Quotes of interbank currency market of Ukraine (UAH for €1, in 01.05.2024-31.05.2024)
Source: Open4Business.com.ua
