In 2024, PJSC “European Insurance Alliance” (Kyiv) collected UAH 309.6 million of net premiums, exceeding the volume for 2023 by 31.7%, and also increased by 20.5% the volume of gross premiums – up to UAH 362.5 million, according to the report of the
Standard Rating agency on updating the company’s financial strength rating (credit rating) at the end of the year on the national scale at the level of “uaAA”.
It is noted that revenues from individuals increased by 28.04% to UAH 113.481 million, while revenues from reinsurers, on the contrary, decreased by 31.3% to UAH 0.733 million. Thus, by the end of 2024, legal entities continue to prevail in the company’s client portfolio.
Last year, the company paid out UAH 169.7 million to its clients, which is 36.9% more than a year earlier.
According to the RA, as of the beginning of 2025, 46.8% of the company’s liabilities were covered by equity, and 3.99% by cash and cash equivalents.
At the same time, the company has formed a portfolio of financial investments, consisting of government bonds and bank deposits, in the amount of UAH 106.565 million, which has a positive impact on the insurer’s provision with liquid assets. Therefore, as of the beginning of 2025, liquid assets (cash, government bonds and bank deposits) covered 68.05% of the liabilities of “European Insurance Alliance” PrJSC.
PrJSC “European Insurance Alliance” has been operating in the insurance market of Ukraine since 1994. The company is a member of the Audit Commission of the MTIBU, a party to the agreement on direct settlement of losses for compulsory insurance of civil liability of owners of land vehicles and a member of the Council of the Nuclear Insurance Pool of Ukraine.
The company provides 30 types of voluntary and compulsory insurance, including property, motor, liability and personal insurance.
