The shareholders of Alfa-Garant Insurance Company (Kyiv) on November 20, 2020 decided to reduce the charter capital, which currently amounts to UAH 65 million, according to the insurer’s website.
As noted, the decrease will take place through a proportional reduction in the nominal value of the deposits of all members of Alfa-Garant without changing the size of the shares of each participant in percent and without refunds of money contributed to the charter capital.
The company informs that the decision to reduce the charter capital was made in accordance with the requirements of Ukrainian legislation, including the laws on limited and additional liability companies, on insurance, on financial services and state regulation of financial services markets and does not affect the company’s financial stability.
According to the reporting on the results of work of Alfa-Garant for the nine months of 2020, the excess of the actual solvency margin (UAH 79.075 million) over the standard (UAH 46.406 million) is UAH 32.669 million.
Alfa-Garant has been operating in the insurance market since 2003 in the segment of risk insurance of individuals and legal entities.
