Business news from Ukraine

Business news from Ukraine

Nadiina Insurance Company’s profit grew despite decline in gross premiums

3 June , 2025  

In January-March 2025, PJSC Insurance Company Nadiina (Kyiv) collected gross insurance premiums in the amount of UAH 9.370 million, which is 47.36% less than in the same period a year earlier, according to data from Standard-Rating. on updating the company’s credit rating/financial stability (reliability) rating at uaА+ on the national scale.

It is noted that premiums from individuals amounted to UAH 89 thousand, while there were no premiums from reinsurers.

Insurance payments sent to reinsurers in the first quarter of 2025 decreased by 98.89% to UAH 113 thousand compared to the same period in 2024.

Thus, the reinsurers’ share in insurance premiums decreased by 56.20 percentage points (pp) to 1.21%.

The insurer’s net premiums increased by 22.11% to UAH 9.257 million compared to January-March 2024, and net earned premiums increased by 24.21% to UAH 10.075 million.

The volume of insurance payments made by IC “Nadiina” decreased by 47.39% to UAH 2.194 million, and the level of payments decreased by 0.01 p.p. to 23.42%.

According to the results of the first three months of 2025, the company’s activities were profitable, and its financial results showed significant growth. Thus, operating profit increased to UAH 6.629 million, and net profit – to UAH 6.404 million.

As of April 1, 2025, the insurer’s assets grew by 2.77% to UAH 84.145 million, equity increased by 10.12% to UAH 69.702 million, liabilities decreased by 22.26% to UAH 14.443 million, cash and cash equivalents increased by 5.32% to UAH 60.134 million

As of the reporting date, IC “Nadiina” had formed a portfolio of current financial investments in the amount of UAH 10.234 million, consisting of government bonds.

According to the company’s website, it was registered in the Unified State Register of Legal Entities and Individual Entrepreneurs in 2006. Its authorized capital is UAH 15 million.

Its shareholders are eight individuals who are residents of Ukraine and one legal entity, Agroholding 2012 LLC.