Kniazha Vienna Insurance Group (Kyiv) in 2017 saw a net loss of UAH 72.452 million, which is five times more than in 2016, according to materials for the agenda of a general shareholders’ meeting scheduled for April 16.
Undistributed loss of the company for the last year increased by 20.9%, to UAH 395.855 million.
The insurer for the year increased assets by 7%, to UAH 476.229 million. Net worth decreased by 2.6 times, to UAH 49.982 million.
Total debtor indebtedness rose by 35%, to UAH 9.171 million, cash and cash equivalents by 7.1%, to UAH 219.1 million.
Long-term liabilities increased by 38.5%, to UAH 345 million, current liabilities by 27%, to UAH 81.298 million.
Kniazha Vienna Insurance Group was established in August 1997. It has 27 licenses for voluntary and compulsory types of insurance. The regional network covers the entire territory of Ukraine.
