Insurance company Universal (Kyiv) collected UAH 1.614 billion in gross insurance premiums in January-June 2025, which is 34.45% more than in the same period of 2024, according to the website of the rating agency Standard-Rating.
The agency updated the credit rating/financial stability (reliability) rating of Universalna Insurance Company at “uaAAА” on the national scale based on an analysis of its performance during the specified period.
According to the published data, income from individuals increased by 38.37% to UAH 737.560 million, while income from reinsurers, on the contrary, decreased by 53.26% to UAH 3.489 million. Thus, at the end of the first half of 2025, legal entities prevailed in the company’s client portfolio.
Insurance payments sent to reinsurers in the first half of 2025 increased by 59.05% to UAH 87.637 million compared to the same period in 2024, and the reinsurers’ share in insurance premiums increased by 0.84 percentage points to 5.43%.
During the period, the insurer’s net premiums increased by 33.27% to UAH 1.526 billion, while net earned premiums showed an increase of 31.99% to UAH 1.322 billion.
The volume of insurance payments made by IC Universalna in the first half of 2025 increased by 27.52% compared to the same period in 2024 and amounted to UAH 538.405 million, while the level of payments decreased by 1.81 percentage points to 33.37%.
The insurer’s operating profit for the first six months of 2025 increased by 21.4% compared to the same period in 2024, to UAH 146.152 million, while net profit increased by 19.89%, to UAH 151.910 million.
As of July 1, 2025, the company’s assets grew by 10.73% to UAH 2.155 billion, equity capital increased by 15.59% to UAH 1.126 billion due to an increase in retained earnings, liabilities increased by 5.85% to UAH 1.029 billion, cash and cash equivalents increased by 4.90% to UAH 603.902 million.
RA also reports that as of the reporting date, the company was very well provided with equity capital, which exceeded its liabilities by 9.45%. In addition, the insurance company formed a portfolio of current financial investments in liquid instruments in the amount of UAH 1.363 billion, which consisted of bank deposits (UAH 1.167 billion) and government bonds (UAH 195.818 million).
As of the beginning of the third quarter of 2025, cash and cash equivalents covered 58.69% of IC Universalna’s liabilities, and liquid assets (cash, bank deposits, and government bonds) exceeded the insurer’s liabilities by 1.75 times.
The main shareholder of IC “Universalna” is Fairfax Financial Holdings Limited (Canada), a holding company that, through its subsidiaries, is primarily engaged in accident insurance, property insurance, and investment management.
