At a meeting on February 17, the shareholders of Arsenal Insurance (Kyiv) decided to allocate UAH 50.1 million of profit for 2021 for dividends, according to the information disclosure system of the National Securities and Stock Market Commission (NSSMC).
The decision is enshrined in the minutes of the meeting of February 24, 2025.
According to the announcement, the amount of dividends per ordinary share will be UAH 167. Dividends will be paid directly to shareholders in proportion to the number of shares held by each of them in two stages: March 17 and April 22, 2025.
Arsenal Insurance is the legal successor of Arsenal-Dnipro, which has been operating in Ukraine since 2005. It is represented in all regional centers and some major cities of the country.
According to the National Bank of Ukraine, the company is among the top ten insurers in Ukraine in terms of premiums collected in the first nine months of 2024.
At a meeting on February 17, the shareholders of Arsenal Insurance (Kyiv) plan to decide to allocate UAH 50.1 million of profit for 2021 for dividends, according to the information disclosure system of the National Securities and Stock Market Commission (NSSMC).
As noted in the draft decision of the meeting, given that the company complies with the solvency capital requirements, there are no significant risks of violation.
The amount of dividends per ordinary share is planned to be approved at UAH 167. To establish that dividends shall be paid directly to shareholders in proportion to the number of shares owned by each of them within a period not exceeding six months from the date of adoption of such a decision.
Arsenal Insurance is the legal successor of Arsenal-Dnipro, which has been operating in Ukraine since 2005. It is represented in all regional centers and some major cities of the country.
According to the National Bank of Ukraine, the company is among the top ten insurers in Ukraine in terms of premiums collected in the first nine months of 2024.
On January, 26th “Vinnitsaoblenergo” Joint-Stock Company announced its intention to conclude the agreement on compulsory insurance of civil liability (OSAGO) with “Arsenal insurance” Insurance Company (Kyiv).
As reported in the electronic procurement system Prozorro, the price bid was 1,127 million UAH at the expected cost of 1.147 thousand UAH.
The company was the only bidder.
IC Arsenal Insurance is the successor of IC Arsenal-Dnepr, working in Ukraine since 2005. It is presented in all regional centers and some large cities of the country.
On October 20, the Dniprovokanal utility company of the Dniprovsky City Council and Arsenal Insurance Insurance Company (Kyiv) signed an agreement on compulsory insurance of civil liability of business entities for damage that may be caused by fires and accidents at 11 high-security facilities.
As reported in the ProZorr e-procurement system, the expected price was UAH 117,986, the company’s price offer is the same.
IC Arsenal Insurance is the assignee of IC Arsenal-Dnepr, which has been operating in Ukraine since 2005. Represented in all regional centers and some major cities of the country.
Arsenal Insurance (Kyiv) for the six months of 2019 increased the volume of KASKO premiums by 33.6%, to UAH 383 million, according to a press release from the company.
“According to data of the Insurance TOP rating of insurers, the company showed the highest dynamics of growth in insurance premiums among the top five players (33.6%), as well as a high level of insurance payments (48.9%),” the press release said.
The company also reports that its share in the KASKO market exceeded 10% (the entire market collected UAH 3.77 billion).
The company insured more than 25,000 cars under KASKO contracts (7.33% of all cars insured under KASKO in Ukraine), including private car owners and corporate clients. OSAGO premiums grew by 7.4% and amounted to UAH 80.5 million.
It is also noted that for the first half of 2019, the insurer reimbursed for losses under KASKO insurance contracts to its customers in the amount of UAH 187.5 million, while OSAGO claim fee payments amounted to UAH 41.9 million.
Arsenal Insurance (Kyiv) in 2018 collected insurance premiums in the amount of UAH 1.886 billion, which is 19% more than a year earlier, according to a press release from the insurer.
Voluntary types of insurance, including KASKO, property insurance, collective medical insurance and other types account for 76% of the total premiums, mandatory types for 24% of the company’s total sales. This portfolio structure allows the insurer not only to occupy a significant market share, but also to generate profit: last year it amounted to UAH 22.6 million and grew by 2.8 times compared with 2017, the report says.
The company also reports that it achieved the most significant results in the auto segment: about 13,000 car owners and 6,500 corporate clients used KASKO services from Arsenal Insurance in 2018.
“Over 36% of our gross premiums last year accounted for KASKO. Our company was growing very actively in this sector, increasing sales for the year by 32%. This is the best dynamics among the top market players, and we are sincerely glad that more and more car owners trust their protection to our brand,” Serhiy Avdeyev, the board chairman of the company, said.
Arsenal Insurance is the successor of Arsenal-Dnipro insurer, operating in Ukraine since 2005. It is represented in all regional centers and some large cities of the country.
