European Travel Insurance (ETI, Kyiv) will allocate UAH 95 million of retained earnings for 2015-2021 (except for 2019) to pay dividends.
As the company reported in the NSSMC information base, this decision was made at the general meeting of shareholders on September 30, 2024.
Thus, UAH 3.895 million of the company’s retained earnings for 2015, UAH 7.655 million for 2016, UAH 15.473 million for 2017, UAH 16.1 million for 2018, UAH 14.7 million for 2020 and UAH 37.2 million for 2021 will be used to pay dividends.
Part of the profit for 2021, which is not directed to the payment of dividends in accordance with this decision and is not directed to increase the authorized capital in accordance with the minutes of the general meeting on April 27, 2023, will remain undistributed.
The announcement also specifies that dividends will be paid directly to shareholders from September 30, 2024 to March 30, 2025.
As reported, European Travel Insurance was founded in 2006. It holds one of the leading positions in the Ukrainian travel insurance market. The company is part of the non-banking financial group Euroinsurance Group.
In 2023, it collected insurance premiums in the amount of UAH 151.2 million, which is almost the same as a year earlier, and ended 2023 with a net profit of UAH 12.937 million.
