Insurance company Busin (Kyiv) collected UAH 175.2 million in gross premiums in January-September 2025, which is 9.08% more than in the same period of 2024, according to Standard Rating, which updated the insurer’s credit rating/financial stability rating to “uaAA+” on the national scale based on an analysis of the specified period.
The rating agency’s report notes that revenues from reinsurers increased by 6.05% to UAH 189.1 million, and the ratio between premiums attributable to reinsurers and gross premiums decreased by 3.09 percentage points (pp) to 107.94%.
In the first nine months of 2025, the company paid out UAH 215,000 in insurance payments and reimbursements to its clients, compared to UAH 31.869 million in the same period of 2024. RA notes that significant fluctuations in the volume of business and the level of payments of JSC IC Busin are related to the specifics of its activities and specialization in insurance of large risks, in particular aviation risks.
As of September 1, 2025, the company’s assets decreased by 5.44% to UAH 282.5 million, equity increased by 13.4% to UAH 182.7 million, and cash and cash equivalents decreased by 26.9% to UAH 235.6 million.
RA notes that the financial results of Busin Insurance Company JSC improved significantly in the period under review. In particular, based on the results of the first nine months of 2025, the insurer received significant amounts of operating profit (UAH 34.08 million) and net profit (UAH 24.84 million), while based on the results of the same period in 2024, the insurer’s activities were unprofitable.
Busin Insurance Company was registered in February 1993. It specializes in risk insurance. It is a member of a number of professional and industry associations, including the League of Insurance Organizations of Ukraine, the Insurance Payments Club, the International Association of Aviation Insurers (UA), the Nuclear Insurance Pool, the American Chamber of Commerce in Ukraine, and the British Business Club.
