Business news from Ukraine

Business news from Ukraine

Insurance Guarantees of Ukraine increased its premium income by 21%

4 September , 2025  

In January-June 2025, Insurance Guarantees of Ukraine (IGU, Kyiv) collected UAH 784,000 in gross premiums, which is 20.8% more than in the same period of 2024, according to data from the rating agency Expert-Rating confirming the insurer’s financial stability rating for the first half of 2025 at “uaAA” on the national scale.

The information notes that during this period in 2025, the company did not make any insurance payments.

SGU’s equity capital for the reporting period decreased by 7.31% to UAH 50.86 million, while gross liabilities increased by 42.2% to UAH 1.46 million.

The amount of cash and cash equivalents in SGU’s accounts as of July 1, 2025, was UAH 43.77 million, which is 7.96% less than on the same date a year ago. At the same time, as of the beginning of the second half of 2025, the company was very well provided with highly liquid assets, the volume of which exceeded the insurer’s gross liabilities by almost 30 times, the RA notes.

The company’s activities in the first half of 2025 were unprofitable: the insurer incurred a net loss of UAH 1.232 million and an operating loss of UAH 2.025 million.

PJSC “SGU” was registered in November 2005. It has licenses to conduct 15 types of insurance activities: four for compulsory insurance and 11 for voluntary insurance.

 

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