The insurance company “European Travel Insurance” (ETS, Kiev) will allocate UAH 95 million of retained earnings received for 2015-2021 (except 2019) for the payment of dividends. As the company reported in the information base of the NCSSM, such a decision was made at the general meeting of shareholders on September 30, 2024.
Thus, for the payment of dividends will be directed 3.895 million UAH of retained earnings of the company received for 2015, 7.655 million UAH – for 2016, 15.473 million UAH – for 2017, 16.1 million UAH – for 2018, 14.7 million UAH – for 2020 and 37.2 million UAH – for 2021.
Part of the profit for 2021, which is not directed to the payment of dividends according to this decision and is not directed to increase the authorized capital according to the minutes of the general meeting on April 27, 2023, will remain undistributed.
The message also specifies that dividends will be paid directly to shareholders from September 30, 2024 to March 30, 2025.
As reported, IC “European Travel Insurance” was founded in 2006. It occupies one of the leading positions in the travel insurance market of Ukraine. The company is a part of non-banking financial group “Euroinsurance Group”.
In 2023 it collected insurance premiums in the amount of UAH 151,2 mln, which is almost the same as a year earlier, having finished 2023 with net profit in the amount of UAH 12,937 mln.
