Insurance company Knyazha Vienna Insurance Group (Knyazha VIG, Kyiv) collected UAH 876.9 million in insurance payments in January-March 2025, which is 61.3% more than in the same period of 2024.
According to the company’s website, net premiums for the reporting period increased by 32.2% to UAH 453.8 million. UAH 312.4 million was transferred to reinsurance, which is 71.3% more than in the first quarter of 2024.
During the reporting period, the company paid out UAH 276.3 million in claims, which is 34.4% more than in the first quarter of 2024.
Administrative expenses in the first quarter amounted to UAH 17.454 million (+9.4%), while distribution expenses amounted to UAH 263.3 million (+23.2%).
Gross profit amounted to UAH 177.5 million (+28.9%).
The financial result from operating activities was UAH 43.6 million, the financial result before taxation was UAH 73.4 million (+3.3 times), and net profit was UAH 60.756 million, which is 3.4 times more than in the first quarter of 2024.
PJSC “IC ‘Knyazha Vienna Insurance Group’ is part of the Vienna Insurance Group Ukraine, whose main shareholder is Vienna Insurance Group AG Wiener Versicherung Gruppe (Austria). The group also includes PJSC “Insurance Company ‘Ukrainian Insurance Group’ – 100%, PJSC ‘Insurance Company ’KnyazhaLAIF Vienna Insurance Group” – 97.8%, LLC “USG Consulting” – 50.7%, LLC “VIG Services Ukraine” – 78.7%, LLC “Assistance Company ‘Ukrainian Assistance Service’ – 100%.
