European Travel Insurance (ERV, Kyiv) in 2017 posted a net profit of UAH 16.288 million, which is twice as much as a year earlier (UAH 8.058 million), according to materials for the agenda of a general shareholders’ meeting scheduled for April 17. Retained earnings grew by 2.3 times, to UAH 27.831 million. In 2017 the company increased assets by 53.3% compared to 2016, to UAH 138 million. Net worth of the insurer for the year rose by 53.7%, to UAH 41 million.
Total debtor indebtedness increased by 3.5 times, to UAH 18.741 million, cash and cash equivalents by 6.7%, to UAH 73.808 million, current liabilities by 2.1 times, to UAH 26.875 million.
European Travel Insurance was founded in 2006. It occupies one of the leading positions in the market of tourist insurance in Ukraine. The charter capital of the insurer is UAH 9.473 million.
