Business news from Ukraine

Insurer “Providna” reduced this year collection of gross premiums and payments to customers

30 October , 2022  

Providna Insurance Company (Kyiv) collected UAH 734.7 million in gross premiums in January-September 2022, which is 23.3% less than the volume for the same period a year earlier, according to the information of the company posted in the information the basis of the National Commission for Securities and the Stock Market (NKTSBFR).
At the same time, it is noted that during the reporting period, the company collected UAH 734.7 million in net premiums (-9.9%). At the same time, premiums transferred to reinsurance increased by 33.8% to UAH 5.309 million
For 9 months In 2022, the company paid UAH 371,167 million, which is 14% less than in the same period a year earlier.
Gross profit increased by 12.5%, to UAH 290.443 million, administrative expenses by 2.4%, to UAH 43.673 million, financial result from operating activities increased by 87%, to UAH 144.946 million, net profit increased by 75.5%, to UAH 130.503 million
The key shareholder of PrJSC IC Providna is IIC Ukraine BV (Netherlands), which owns 99.999692% of the shares of the insurer, and the ultimate beneficial owner is Willem Jakob Westerlaken.

,