The supervisory board of Kniazha Life Vienna Insurance Group (Kyiv) on July 9 approved the acquisition of government domestic loan bonds for the amount of UAH 56 million by the company, which is 13.24% of the cost of its assets (UAH 422.896 million), according to information in the database of the National Commission for Securities and the Stock Market.
The company saw UAH 360.4 million in net profit in 2018, which is 12.5% more than a year ago. Its assets grew by 10.9%, to UAH 422.9 million.
Retained profit totaled UAH 83.149 million, while a year ago it was UAH 67.225 million. Net worth grew by 26.5%, to UAH 123.9 million. Total bills receivable fell by 17%, to UAH 3.185 million.
Noncurrent liabilities expanded to UAH 53.081 million, while current remained unchanged at UAH 33.551 million.
PrJSC Kniazha Life VIG was established in 1999 and specializes in life insurance.
