In January-September 2024, ARX Insurance Company (IC ARX Kyiv) collected more than UAH 3.1 billion in insurance premiums, which is 14% more than in the same period a year earlier, according to the insurer.
According to the company, payments for the first nine months amounted to UAH 1.3 billion, up 28%. On average, insurance claims payments per day amounted to UAH 6.5 million.
The company also reports that over UAH 1.7 billion in premiums were collected for motor hull insurance, which is 24% more than in the first nine months of the previous year, UAH 360.8 million (+10%) for property insurance, and UAH 256.1 million (+23%) for MTPL insurance.
In the 13 months since the launch of property insurance against war risks, ARX has insured more than 200 companies with a total coverage of UAH 2.659 billion.
The company’s total insurance premiums, including life and non-life segments, amounted to UAH 3.40 billion (+14% yoy). In the life insurance segment, insurance premiums amounted to UAH 251.2 million (+7% by 2023).
According to the report, ARX and ARX life insurance companies paid UAH 358 million in taxes in the first nine months of 2024. In total, since the beginning of the war, they have paid more than UAH 1 billion in taxes to the state budget.
ARX and ARX Life are part of the international insurance holding Fairfax Financial Holdings Ltd.
ARX Insurance Company is one of the five leading insurance companies in Ukraine in terms of premiums collected and payments made. It has been a leader in the hull insurance segment of the Ukrainian market for 13 years.
ARX Life is among the top ten companies in the life insurance market in Ukraine.
