In 2024, the State Enterprise (SE) Ukrainian Sea Ports Authority (USPA) increased its revenue by 39% to UAH 5.56 billion, according to the SE’s report.
“In 2024, the Ukrainian Sea Ports Authority continued to perform its functions in difficult wartime conditions. The company managed to ensure the stable operation of the port infrastructure, which was reflected in its financial performance. Revenues grew by 39% compared to the planned, and net income by 28%,” USPA said in a Facebook post on Monday.
It is reported that the net financial result exceeded expectations by 2.6 times. Cargo turnover amounted to 97.2 million tons.
In 2024, USPA transferred more than UAH 4 billion to the state and local budgets, of which UAH 339 million was allocated to local budgets and UAH 361 million to the single contribution to compulsory state social insurance, the press service of the state-owned enterprise reported.
Earlier it was reported that according to the assessment of the financial condition and stress testing of the largest Ukrainian state-owned enterprises prepared by the Ministry of Finance of Ukraine, in 2023, USPA’s profitability improved due to an increase in revenues to UAH 4 billion, compared to UAH 3.3 billion in 2022. Against the backdrop of stable port operations, in 2023 it earned a net profit of UAH 850.4 thousand against a loss of UAH 494.2 thousand in the previous year and is projected to be profitable in the five-year perspective.
USPA is responsible for the operation and development of seaport infrastructure, management and safety of navigation. The company is state-owned and belongs to the Ministry of Infrastructure. USPA is financed by port dues, fees for services subject to state regulation, rent and other sources not prohibited by law.
In 2024, Universalna Insurance Company (Kyiv) collected UAH 2.535 billion in gross insurance premiums, which is 26.43% more than in 2023, according to the website of the Standard Rating agency.
The agency has updated the credit rating/financial strength (reliability) rating of Universalna Insurance Company at uaAAA on the national scale based on the analysis of its performance for the specified period.
According to the published data, revenues from individuals increased by 25.78% to UAH 1.139 billion, and from reinsurers – by 3.88 times (by UAH 6.521 million) to UAH 8.788 million.
In 2024, insurance payments sent to reinsurers decreased by 15.76% compared to the same period in 2023, to UAH 96.077 million. Thus, the ratio of reinsurers’ participation in insurance premiums decreased by 1.90 p.p. to 3.79%.
The insurer’s net written premiums increased by 28.97% to UAH 2.439 billion, and net earned premiums showed an increase of 30.00% to UAH 2.191 billion.
Last year, the insurer paid out UAH 844.679 million in claims, up 20.63% year-on-year. The claims ratio decreased by 1.60 percentage points to 33.32%.
In 2024, the insurer’s operating profit increased by 2.11 times to UAH 221.595 million compared to 2023, and net profit increased by 64.64% to UAH 233.858 million.
As of January 1, 2025, the company’s assets increased by 31.95% to UAH 1.941 billion, equity showed an increase of 31.59% to UAH 974.238 million, liabilities increased by 32.32% to UAH 967.175 million, cash and cash equivalents increased 3.34 times to UAH 575.677 million.
In addition, it is reported that the insurer’s equity exceeded its liabilities by 0.73%.
“Universalna” has formed a portfolio of current financial investments from liquid instruments in the amount of UAH 1.203 billion, which consisted of bank deposits (UAH 928.528 million) and government bonds (UAH 274.127 million). Thus, as of the beginning of 2025, cash and cash equivalents covered 59.52% of the company’s liabilities, and liquid assets (cash, bank deposits and government bonds) exceeded the insurer’s liabilities by 1.84 times.
Export changes in % to previous period in 2023-2024
Source: Open4Business.com.ua
INGO Insurance Company has paid UAH 20 mln to Irpen-Budproekt-Plus LLC, which belongs to Dragon Capital group companies, under the contract of comprehensive insurance of legal entities’ property with coverage of military risks.
According to the insurer’s information, the office complex with underground parking with the area of 10629,9 sq. m., located in Kyiv at 98 Bolshaya Vasilkovskaya Street, was damaged on December 20, 2024 as a result of the aggressor’s air attack on the capital. As a result of the falling debris of the missile, the upper floors ceilings, external and internal finishing of the premises, the facade of the building and engineering communications were damaged. The accident was qualified as insured.
According to Alexander Kolpakov, Head of Property Losses Settlement Department of IC INGO, the company’s specialists drew up the case materials as quickly as possible, coordinated with the relevant departments and sent it for payment. It took 7 calendar days for actual payment to the client’s bank account.
It is also reported that reinsurance of 50% of risks was provided by Oranta, for which property insurance against military risks is still a new direction.
“But now this direction is a critical tool for business protection in Ukraine. Therefore, we will continue to support insurers, providing them with financial stability in difficult conditions”, – said the Chairman of the Board of ‘Oranta’ Incorporated Jacek Meizner.
The company “Dorada Partners Insurance Brokers” was engaged in the support of the insured object.
Over the last two years INGO has insured more than 5 thousand private objects, more than 2 thousand transportations, thousands of cars and several hundred objects of legal entities against war risks.
INGO Insurance Company JSC holds licenses for 18 classes of insurance and has been providing insurance services to both individuals and companies for 30 years. Its network covers 25 branches, 5 outlets and 9 customer service centers operating in all regions of the country. The company is among the largest insurance companies in Ukraine in terms of premiums, the size of its own assets and the amount of insurance claims paid.
Since 2017, the main shareholder is the Ukrainian business group DCH.
Dragon Capital is one of the largest investors in commercial real estate in Ukraine. The company’s portfolio includes 25 objects with a total area of 560 thousand sq. m., including business centers, warehouses and retail real estate.
Riots broke out in the Serbian National Assembly today as members of the opposition and ruling coalition engaged in a physical confrontation accompanied by the use of pyrotechnics, including fireworks and smoke bombs.
The incident took place amid tense debate over amendments to the education law, which had previously sparked mass protests across the country. Opposition MPs opposed the approval of the agenda, demanding a review of the proposed changes. In their opinion, the discussion process violates democratic procedures and infringes on the rights of citizens.
In response to the protest, some MPs used pyrotechnics, which led to clashes in the meeting room. As a result, the session was temporarily suspended.
The aggravation of the situation in the parliament reflects the general increase in political tension in Serbia. It is expected that protests, which have already taken place in major cities, may intensify in the coming days.
Source: https://t.me/relocationrs/532
Kharkiv has signed a memorandum with the European developer Ten Brinke Group B.V., Mayor Igor Terekhov said on his Telegram channel.
“Every day we are working on the restoration of our city – we do not postpone what can be done now. And this strategy is clear to our partners. One of the important steps on this path is the signing of a memorandum of cooperation with Ten Brinke Group B.V., one of the most efficient European developers with over 120 years of experience,” Terekhov said.
According to him, this Dutch company is already helping Kharkiv for free.
“It has a unique experience in creating high-quality social housing that Kharkiv residents need and which perfectly matches our vision of the future. Albert ten Brinke, CEO and Chairman of the Board, also confirmed that we are on the right track. We are not just dreaming of rebuilding, but creating conditions for Kharkiv to have everything it needs for quick and high-quality reconstruction after the war,” Terekhov emphasized.
