Business news from Ukraine

Business news from Ukraine

Quorum Insurance Company increased its net premiums by 23% despite decline in gross premiums

15 April , 2026  

Insurance company Quorum (Kyiv) collected net insurance premiums totaling UAH 60.4 million in 2025, which is 23.2% more than in 2024, while gross premiums amounted to UAH 63.4 million (-8.72%).

This was reported by the rating agency (RA) “Standard-Rating” in its announcement regarding the update of the company’s credit rating/financial stability rating on the national scale to “uaAA.”

The rating assessment was updated based on an analysis of the company’s performance for the specified year.

Revenues from individuals to the insurance company decreased by 26.34% to UAH 30.875 million; there were no revenues from reinsurers. The share of individuals in gross premiums for the year amounted to 48.70%.

Insurance premiums ceded to reinsurers amounted to UAH 3.023 million, which is 85.21% less than in the previous year. Thus, the reinsurers’ share of insurance premiums decreased by 24.67 percentage points to 4.77%.

The volume of insurance payments and claims settled by the company in 2025 increased by 20.16% compared to 2024, reaching UAH 10.518 million. Meanwhile, the claims ratio rose by 3.99 percentage points to 16.59%.

Quorum Insurance Company’s operating profit for the past year amounted to UAH 6.494 million, with net profit at UAH 7.015 million.

As of December 31, 2020, the insurer’s assets grew by 16.00% to UAH 81.080 million, equity by 11.40% to UAH 68.419 million, liabilities by 49.39% to UAH 12.661 million, cash and cash equivalents – by 11.34%, to UAH 55.507 million.

Insurance Company “Quorum” was established in March 2014 and specializes in risk insurance.

, ,