In January-June 2025, the insurance company Ukrainian Insurance Group (UIG, Kyiv) collected UAH 1.932 billion in gross premiums, which is 37.14% more than in the same period last year, with net premiums amounting to UAH 1.738 billion (+51.54%).
This was reported on the website of the rating agency Standard-Rating, which confirmed the insurance company’s financial stability/credit rating at “uaAA+” based on the results of the reporting period.
At the same time, income from individuals during this period increased by 64.20% to UAH 1.188 billion, while income from reinsurers decreased by 25.78% to UAH 3.158 million. At the end of the first half of 2025, individuals accounted for 61.51% of the company’s gross premiums, while reinsurers accounted for 0.16%.
Insurance payments sent to reinsurers in the first half of 2025 decreased by 25.99% to UAH 193.735 million compared to the same period last year. Thus, the share of reinsurance companies in insurance premiums decreased by 8.55 percentage points (pp) to 10.03%.
The volume of insurance payments and reimbursements made by the USG in the first half of 2025 amounted to UAH 900.708 million, which is 50.41% higher than in January-June 2024. Thus, the level of payments increased by 4.12 p.p. to 46.62%.
The company’s operating profit for the reporting period fell to UAH 19.601 million (-46.99%), while net profit decreased to UAH 85.324 million (-9.5%).
As of July 1, 2025, the insurance company’s assets increased by 16.44% to UAH 3.480 billion, and its equity capital by 13.62% to UAH 707.466 million. Liabilities showed an increase of 17.18% and rose to UAH 2.773 billion, while cash and cash equivalents grew by 82.80% to UAH 423.46 million.
RA notes that at the beginning of the third quarter of 2025, the company had a satisfactory level of capitalization (25.52%), and cash covered 15.27% of its liabilities. The insurer formed a portfolio of financial investments worth UAH 1.891 billion, consisting of government bonds and government bonds with a fixed coupon (81.37% of the portfolio) and deposits in banks with high credit ratings (18.63%). As of July 1, 2025, liquid assets covered 83.47% of the insurer’s liabilities.
As reported, the controlling shareholder of IC USG is the Vienna Insurance Group, an international insurance group headquartered in Austria, which is represented by 50 companies in 30 countries and is the leader in the insurance market of Central and Eastern Europe.
Imports of tin and tin products rose by 52.2% to $2.338 million (in July – $410,000), while exports of tin and tin products in the first seven months of 2025 amounted to $101,000 (July – $16,000) compared to $331,000 in the first seven months of 2024.
Tin is mainly used as a safe, non-toxic, corrosion-resistant coating in its pure form or in alloys with other metals. The main industrial applications of tin are in white tin (tin-plated iron) for the manufacture of food containers, in solders for electronics, in domestic piping, in bearing alloys, and in coatings made of tin and its alloys. The most important alloy of tin is bronze (with copper).
Ukraine increased imports of lead and lead products by 7.7 times to $4.723 million (in July – $718 thousand), while exports of lead and lead products decreased by 15.6% to $5.482 million (in July – $1.022 million).
Lead is currently mainly used in the production of lead-acid batteries for the automotive industry. In addition, lead is used in the manufacture of bullets and certain alloys.
Ukrainian businessman Pyotr Dyminsky, who was a suspect in a 2017 fatal car accident in the Lviv region, was granted Serbian citizenship in November 2017, three months after the accident.
This was reported in a joint investigation by OCCRP and the Serbian project KRIK. The Serbian Interior Ministry told journalists that the decision was made “in the interests of the state,” without providing further explanation, KRIK reported.
According to the investigation, two months after the accident, Dyminsky purchased a duplex in the Athens suburb of Voula for €280,000, which gave him a “golden visa” and a five-year residence permit in Greece. In November 2017, he also received a Serbian passport; in 2020, his wife Elena received Serbian citizenship.
Interpol, as noted by journalists, removed the “blue notice” and repeatedly refused Ukraine’s request to issue a “red notice” for the businessman.
Investigators also note the financial ties between the Dyminsky family and Serbian defense exports: Ablemark Limited (Cyprus),
controlled by the businessman’s wife, issued an interest-free loan of €2.6 million in February 2020 to the Cypriot company Jikinto Limited, which soon received its first arms export licenses in Serbia and, by the end of the year, sold more than €10.3 million worth of Serbian weapons to the Ugandan Ministry of Defense.
Journalists were unable to identify the ultimate beneficiary of Jikinto.
In Ukraine, before his departure, Dyminsky owned the ZIK media group and the Karpaty football club (Lviv). In June 2019, the ZIK channel was sold to MP Taras Kozak, who was later linked to Viktor Medvedchuk’s media holding; in February 2021, Kozak’s broadcasting assets were blocked by a decision of the National Security and Defense Council.
In May 2020, control of FC Karpaty passed to Oleg Smalychuk, as reported by Ukrainian media and confirmed by the club’s beneficiary data.
Sources: KRIK article “Ukrainian oligarch obtained Serbian citizenship while under investigation” (https://www.krik.rs/ukrajinski-oligarh-dobio-drzavljanstvo-srbije-dok-je-bio-pod-istragom/); OCCRP publication “After Fatal Car Crash, Ukrainian Tycoon Dyminskyy Secured Greek Residency and Serbian Citizenship” (https://www.occrp.org/en/news/after-fleeing-deadly-car-crash-ukrainian-tycoon-dyminskyy-secured-greek-residency-and-serbian-citizenship).
The Epicenter group of companies and the family of People’s Deputy Anatoly Urbansky intend to build a grain terminal in the port of Pivdennyi (Odesa region) with a transshipment capacity of 5 million tons of grain cargo per year at an estimated cost of $160-270 million, according to latifundist.com. The first announcement about the future terminal was made in November 2024 by Petro Mikhailishin, CEO of Epicenter K. In April 2025, the information was confirmed by Svitlana Nikitiuk, head of the group’s agricultural division.
The publication claims that the terminal construction project is not just a business plan. In 2025, Casablanca Shipping Limited (Cyprus), founded by Epicenter K, acquired a 32.61% stake in Promtechnizatsiya (Odesa).
The remaining 16.48% of the legal entity’s shares belong to Anatoliy Urbansky, and 25.46% each to Kateryna and Denys Urbansky. Promtechnizatsiya leases land plots in the water area of the Pivdennyi port and near the local highway T1606.
The total area of the plots for construction is about 32 hectares. This area is sufficient for the construction of a station for unloading railcars and motor vehicles near the highway, after which the grain will be sent through a transport gallery to silos and a transshipment terminal.
According to the publication, the construction of the terminal is still at the design stage, which was developed in 2024. Its estimated cargo turnover is 5 million tons per year, and the total capacity of the silo warehouses is 250,000 tons.
According to the project, a private railway station with a capacity of up to 3 million tons per year and the ability to handle up to five freight trains (50-70 cars) per day will be built to unload cars. The land plot for the railway station is 10 hectares. A wagon unloading station with a capacity of 2,000 tons per hour and a truck unloading station with a capacity of 1,000 tons per hour are planned for the facility.
The unloading station with main elevators will be connected by a 1,600 m long conveyor gallery with a capacity of 1,200 tons per hour. From there, the grain will be transported to silos: about 50 “banks” with a total capacity of 250,000 tons are planned, located on a 10-hectare site.
There are plans to build a berth up to 350 m long and 16 m deep. Agricultural products will be transshipped by two tower cranes with a capacity of 1,500 tons per hour. The equipment for unloading, transporting, storing, and transshipping grain is owned by Promtehinovatsiya.
According to port officials familiar with the construction progress, the project is being implemented successfully. The terminal is scheduled to be launched in 2026. Despite the technical complexity of the project, the publication’s interlocutors are optimistic about the prospects for the timely completion of construction. At the same time, market participants are reluctant to estimate the payback period of the project.
Epicenter K LLC, which includes Epicenter Agro, was established in 2003 and opened its first hypermarket in Kyiv in December of the same year. It has a network of shopping centers of the same name in Ukraine. Since 2016, it has been developing its agricultural business. It cultivates over 1,670,000 hectares in the Vinnytsia, Khmelnytskyi, Ternopil, Zhytomyr, Cherkasy, and Kyiv regions. The group includes 20 livestock farms and 15 elevator complexes with a total storage capacity of 2 million tons.
The agricultural holding’s own production of agricultural products is about 1 million tons. In 2025, Epicenter Agro launched its own trading business. Anatoliy Urbansky is a member of parliament, a member of the For the Future parliamentary group, and a member of the parliamentary committee on finance, tax, and customs policy.
Since 2005, he has been engaged in entrepreneurial activities in ship repair companies. Since 2009, he has been a manager for management and administrative activities and a consultant for ship repair and maintenance at Dunaysudoremont JSC. In 2011, he was elected a member of the supervisory boards of PJSC Dunaysudoremont and PJSC Izmail River Port Dunaysudorservis. In 2015, he was elected a member of the Odesa Regional Council.
The Export Credit Agency (ECA) supported UAH 1.49 billion of exports in July 2025, insuring eight loans totaling UAH 359.14 million issued by Ukrainian banks to entrepreneurs for the fulfillment of export contracts.
According to the ECA website, the agency’s largest partners among banks during this period were Ukrgasbank (UAH 1.09 billion in supported exports and loans worth UAH 49.62 million), Bank Alliance financed exports worth UAH 153.13 million with loan agreements totaling UAH 239.51 million, and Creditwest Bank financed exports worth UAH 146.93 million and provided loans worth UAH 70 million.
In July, the ECA’s services were most used by exporters from Ternopil (UAH 1.03 billion in supported exports), Cherkasy (UAH 156.69 million), Mykolaiv (UAH 153.13 million), and Odesa (UAH 88.25 million) regions. In Kyiv, support amounted to UAH 41.87 million, and agreements were also signed in the Rivne, Dnipropetrovsk, and Chernihiv regions.
The largest contracts for the period were concluded for the supply of Ukrainian goods to Austria (UAH 1.03 billion), Lithuania (UAH 235.18 million), as well as to Israel, Jordan, the United States, Italy, the Netherlands, Germany, Poland, Moldova, and Georgia. The most popular export commodity groups were the production of oils and animal fats (UAH 1.03 billion), processing and preservation of fruits and vegetables (UAH 153.13 million), wholesale trade in seeds and animal feed (UAH 146.93 million), production of chains and springs (UAH 88.25 million), and pharmaceuticals and materials (UAH 41.87 million).
The Export Credit Agency of Ukraine (ECA) is a state institution that supports non-raw material exports by insuring the risks of enterprises and banks. The agency insures foreign economic contracts, export credits, bank guarantees, and investment credits against military risks.
