In January-June 2025, PJSC Insurance Company Respect (Odessa) collected UAH 39.356 million in net premiums, which is 79.5% more than in the same period of 2024.
According to the company’s interim report published in the information disclosure system of the National Securities and Stock Market Commission (NSSMC), its gross premiums for this period amounted to UAH 39.689 million (+73.2%). UAH 333 thousand was transferred to reinsurance (2.9 times less).
In the first two quarters of this year, the company paid out UAH 5.584 million, which is 3.7 times more than in the same period last year.
At the same time, administrative expenses amounted to UAH 269,000, which is 2.3 times higher than in January-June 2024.
The financial result from operating activities of IC “Respect” for the period under review amounted to UAH 5.415 million (2.6 times less), net profit – UAH 7.025 million (2.5 times less).
According to the NSSMC, as of the first quarter of 2025, LLC “KUAA YUG-Invest” (Closed-end Undiversified Venture Investment Fund “Industrial”) owned 67.935% of the insurer’s shares, LLC “Ulublenoe Misto” owned 9.646%, and LLC “Bereg Stroy Service 2017” owned 9.242%.
IC “Respect” has been operating in the Ukrainian market since March 1995. The company’s main risk portfolio is related to the transport sector.
