Insurance company Universal (Kyiv) collected UAH 1.614 billion in gross insurance premiums in January-June 2025, which is 34.45% more than in the same period of 2024, according to the website of the rating agency Standard-Rating.
The agency updated the credit rating/financial stability (reliability) rating of Universalna Insurance Company at “uaAAА” on the national scale based on an analysis of its performance during the specified period.
According to the published data, income from individuals increased by 38.37% to UAH 737.560 million, while income from reinsurers, on the contrary, decreased by 53.26% to UAH 3.489 million. Thus, at the end of the first half of 2025, legal entities prevailed in the company’s client portfolio.
Insurance payments sent to reinsurers in the first half of 2025 increased by 59.05% to UAH 87.637 million compared to the same period in 2024, and the reinsurers’ share in insurance premiums increased by 0.84 percentage points to 5.43%.
During the period, the insurer’s net premiums increased by 33.27% to UAH 1.526 billion, while net earned premiums showed an increase of 31.99% to UAH 1.322 billion.
The volume of insurance payments made by IC Universalna in the first half of 2025 increased by 27.52% compared to the same period in 2024 and amounted to UAH 538.405 million, while the level of payments decreased by 1.81 percentage points to 33.37%.
The insurer’s operating profit for the first six months of 2025 increased by 21.4% compared to the same period in 2024, to UAH 146.152 million, while net profit increased by 19.89%, to UAH 151.910 million.
As of July 1, 2025, the company’s assets grew by 10.73% to UAH 2.155 billion, equity capital increased by 15.59% to UAH 1.126 billion due to an increase in retained earnings, liabilities increased by 5.85% to UAH 1.029 billion, cash and cash equivalents increased by 4.90% to UAH 603.902 million.
RA also reports that as of the reporting date, the company was very well provided with equity capital, which exceeded its liabilities by 9.45%. In addition, the insurance company formed a portfolio of current financial investments in liquid instruments in the amount of UAH 1.363 billion, which consisted of bank deposits (UAH 1.167 billion) and government bonds (UAH 195.818 million).
As of the beginning of the third quarter of 2025, cash and cash equivalents covered 58.69% of IC Universalna’s liabilities, and liquid assets (cash, bank deposits, and government bonds) exceeded the insurer’s liabilities by 1.75 times.
The main shareholder of IC “Universalna” is Fairfax Financial Holdings Limited (Canada), a holding company that, through its subsidiaries, is primarily engaged in accident insurance, property insurance, and investment management.
Ukrenergo’s contribution to the development of educational initiatives in 2022-2025 amounted to over UAH 65 million, the system operator announced on its Telegram channel on Monday.
“Our company actively cooperates with many higher and pre-higher education institutions. In particular, these are the Igor Sikorsky Kyiv Polytechnic Institute, Dnipro and Lviv Polytechnic Institutes, Vinnytsia National Technical University, and Kharkiv National Technical University of Municipal Economy named after O. Beketov,” the company said.
Together with these and other universities, Ukrenergo is improving its training programs for energy specialists in various fields and provides university teachers with opportunities for practical training at production facilities and in the company’s training center.
Ukrenergo also has an internship and employment program for senior students and graduates called Energy HUB.
“About 60% of participants in this program end up staying on to work full-time. Such initiatives help students start their careers immediately after graduation and help our company effectively build a qualified talent pool,” explained NEC.
Ukrenergo is among the largest business investors in Ukrainian education. The list of the top 51 companies that invest the most in education was compiled by Delo․ua and the Kyiv School of Economics.
The study took into account the volume of investments and educational initiatives of Ukrainian companies during 2022-2025. According to the organizers, this period was chosen for the ranking because investing in education during a full-scale war means believing in the future of both one’s own business and Ukraine as a whole.
According to industry forecasts and research by the Experts Club analytical center, the construction materials market in Ukraine, including roofing systems, is showing a slight recovery after the crisis years of 2022–2023. According to 6Wresearch, this segment will grow at an average annual rate of 6.9% in 2025–2031. The main demand comes from private housing construction and projects to rebuild destroyed homes and warehouses.
The largest Ukrainian manufacturers of roofing materials are:
According to industry experts, Ukrainian production covers up to 70% of domestic demand.
According to Ukrainian customs statistics, in 2024, imports of roofing materials amounted to about 14,000 tons worth $26 million. The main suppliers were:
Country Volume (tons) Well-known brands
Poland 4,700 Braas, Creaton, Roben
Germany 3,800 Braas Monier, Erlus
Italy 1,500 Tegola Canadese, Wierer
France 1,200 Imerys, Terreal
Spain 900 Cobert, Tejas Borja
Hungary 650 Mediterran
Roofing materials are construction products and coatings designed for the upper layer of a roof, which protects the building from precipitation, wind, temperature changes, solar radiation, and mechanical influences.
Roofing materials are made from various materials, including:
Main types of roofing materials
The world leaders in the production of roofing materials of various categories are:
The number of insurance companies in Ukraine decreased by one in July 2025, and as of the end of the month, there were 51 risk insurers operating on the market, 10 life insurance companies, and one company with special status, the Export Credit Agency (ECA). According to the website of the National Bank of Ukraine (NBU), the number of banks remained unchanged at 60. The number of insurance and/or reinsurance brokers also remained unchanged at 44.
Overall, the number of participants in the country’s non-bank financial market decreased to 799 last month from 812 at the beginning of the month.
The NBU reports that in July it revoked the licenses of one financial company at the applicant’s initiative and forcibly revoked the licenses of eight financial companies, one risk insurer, and three credit unions.
As of August 1, 2025, there were also 423 financial companies (previously 432), 90 credit unions (previously 93), 105 pawnshops, one leasing company, and 74 collection companies (the number remained unchanged) operating in the non-bank financial services market.
The number of banking groups increased by one to 16, non-banking financial groups remained at 40, payment systems created by residents, including state-owned ones, numbered 15, and 10 international ones (previously 12), payment institutions – 17 (previously 18), financial institutions authorized to provide payment services – 12, one electronic money issuer, and one postal operator.
Other entities operating in the payment market include 48 commercial agents and 31 payment service technology operators (the number has not changed).
In July, the National Bank received 280 requests from market participants regarding registration and licensing activities.
The number of requests concerning financial companies, pawnshops, and leasing companies amounted to 149, insurers – 54, credit unions and collection companies – 32, banks – 45.
On August 8, the supervisory board of Veles Insurance Company (Odessa) extended the term of office of the chair of the management board, Oksana Sherstneva, until September 1, 2025, according to information published by the National Securities and Stock Market Commission (NSSMC) on the holding of a general meeting.
As reported, on July 17, 2025, the National Bank of Ukraine imposed measures on Veles Insurance Company in the form of a written warning due to the fact that the insurer’s authorized capital does not meet the requirements of the Insurance Law regarding its minimum size. In addition, an enforcement measure in the form of a written warning was also applied to IC Veles due to the non-compliance of the insurer’s business reputation and significant shareholders with the requirements of the law.
The company’s shareholders plan to consider increasing the authorized capital by 61.5%, or UAH 24 million, at a general meeting on August 14, 2025.
Veles Insurance Company has been operating in the market since 1998. It holds 15 licenses for voluntary and compulsory types of insurance. It is a member of the Insurance Business Association. Its authorized capital is UAH 39 million.
Polish Defense Minister Vladislav Kosiniak-Kamysz said that the country intends to create an army of more than 500,000 troops.
This significantly exceeds the plans previously announced by President Karol Navrocki to bring the army to 300,000.
“We will create an army larger than the one President Nawrocki spoke about — not 300,000, but more than 500,000 people,” the minister said in an interview with Rzeczpospolita.
According to him, the president has already approved plans to expand the army.
Currently, there are more than 210,000 soldiers in the Polish army, and by the end of 2025, this figure is expected to reach 230,000.
Earlier, Prime Minister Donald Tusk said that the Polish army is already the largest in the EU and in a few years will become “the strongest in the region.”
