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.
Centravis Production Ukraine (Nikopol, Dnipropetrovs’k region), a member of Centravis Ltd. holding, has supplied boiler pipes to the Brazilian market for Caldema, a company specializing in the production of industrial equipment.
According to the company’s press release on Tuesday, the total volume of deliveries amounted to 193 tons.
It is specified that the Ukrainian pipes are intended for the production of a steam boiler that will run on cotton seeds. This project is part of the environmental trend of using biomass as an alternative energy source. The boiler is being developed for a Brazilian company that seeks to reduce its dependence on fossil fuels.
It is noted that this is an important step towards sustainable development, as the technology of cottonseed processing allows for the production of clean energy, reducing CO₂ emissions.
“This is a large order for one of the largest companies in the industry and a prominent player in the local market. We hope it will help expand our company’s presence in the South American market, which has been growing rapidly in recent years,” said Artem Atanasov, Sales Director of Centravis.
Brazil is one of the top 10 countries in the world in terms of gross domestic product.
Centravis, in turn, is among the world’s top ten producers of hot-rolled seamless stainless steel pipes. In 2024, the company increased production by 12% to 13.7 thousand tons. More than 99% of this volume was exported to 40 countries. The largest consumers of Ukrainian seamless pipes are Germany, the US, Italy, Austria and Spain.
“Last year we had very good growth dynamics in the North and South American markets. We know this region and will work to increase sales in this part of the world,” stated Atanasov.
“Founded in 2000, Centravis is one of the ten largest producers of seamless stainless steel pipes in the world. Its main production facilities are located in Nikopol (Dnipropetrovska oblast). In 2023, the company opened a branch in Uzhhorod.
Centravis Holding Ltd. was established on the basis of Nikopol Stainless Steel Pipe Plant CJSC, service and trading companies of Production and Commercial Enterprise YUVIS LLC. Its shareholders are members of the Atanasov family. Centravis Ltd. owns 100% of the shares of Centravis Production Ukraine.
