ARX Life Insurance Company (Kyiv) collected insurance premiums totaling UAH 81.551 million in January-March 2025, which is 3.12% more than in the same period last year. This was reported by Standard-Rating on its website in information about the update of the company’s credit rating/financial stability (reliability) rating at the level of “tsAA” on the national scale.
The amount of payments and reimbursements made by the insurer in the first quarter of 2025 decreased by 10.55% to UAH 15.216 million compared to the same period in 2024. Thus, the insurer’s payment ratio decreased by 2.85 percentage points to 18.66%.
The insurer’s acquisition expenses for the first quarter of 2025 decreased by 1.32% to UAH 42.991 million compared to the same period in 2024.
As of April 1, 2025, the company’s assets increased by 1.07% to UAH 379.145 million, equity grew by 4.80% to UAH 292.194 million, liabilities decreased by 9.74% to UAH 86.951 million, cash and cash equivalents increased by 44.32% to UAH 167.356 million.
Based on the results of the first three months of 2025, the companies received a net profit of UAH 13.395 million.
At the same time, RA notes that as of the reporting date, the insurer had made financial investments in the amount of UAH 202.09 million, consisting of government bonds and government bonds (92.52% of the portfolio) and deposits in banks with an investment-grade credit rating (7.48% of the portfolio).
ARX Life is part of the international insurance holding company Fairfax Financial Holdings Ltd. ARX Life is one of the top ten companies in the life insurance market in Ukraine.
