PZU Ukraine insurance company (Kyiv) in 2017 posted a net profit of UAH 24.701 million, which is 2.4 times less than in 2016, according to materials for the agenda of a general shareholders’ meeting scheduled for April 26. Uncovered loss of the company for the year decreased by 14%, to UAH 215.220 million. Cash and cash equivalents increased by 3.8 times, to UAH 88.717 million.
In addition, the insurer’s net worth grew by 19.5%, to UAH 265.452 million. Charter capital did not change and amounted to UAH 19.407 million.
The company last year increased its assets by 31.6%, to UAH 1.604 billion.
Long-term financial investments decreased by 21.3%, to UAH 201.9 million.
Total debtor indebtedness rose by 41%, to UAH 299 million
Long-term liabilities increased by 35.4%, to UAH 835.336 million, current liabilities by 38.6%, to UAH 503.012 million.
The number of company employees increased by two, to 650 people.
PZU Ukraine has been operating in the market since 1993. It provides a full range of services in the conventional insurance segment.
The Ukrainian insurance companies PZU Ukraine and PZU Life Insurance are part of PZU, the largest insurance group in Poland with more than 200 years of experience.
