PrJSC MetLife (Kyiv) saw UAH 166.5 million in net profit in 2018, which is 43.6% more than a year ago (UAH 115.9 million), according to the materials to the agenda of the general meeting of shareholders of the insurer scheduled for March 14, 2019.
Undistributed profit of the company for 2018 amounted to UAH 84.077 million, which is 2.5 times more than in 2017.
Last year, the company increased its assets 22.8% compared with 2017, to UAH 2.619 billion.
The net worth of the insurer for the year increased 18.5%, to UAH 325 million.
Total accounts receivable increased 28%, to UAH 49.6 million, cash and cash equivalents decreased 77.8%, to UAH 124.363 million, current liabilities increased 35.5%, to UAH 134.4 million, and long-term liabilities – by 22.7%, to UAH 2.159 billion.
Private joint-stock company MetLife, registered in 2002, is part of the MetLife international group of companies.
