Shareholders of PJSC IC “Veles” (Odessa) on August 14 will consider the issue of increasing the authorized capital by 61.5%, or by UAH 24 million, according to the information system of the NCSSM on the general meeting.
According to the information, the increase in the amount of authorized capital is planned to be carried out by increasing the nominal value of shares at the expense of retained earnings (its part) for 2019-2022 in the amount of UAH 23.044 million and part of the formed reserve capital in the amount of UAH 956 thousand.
As reported, on July 17, 2025 the National Bank of Ukraine has applied to PJSC IC “Veles” measures of influence in the form of a written warning due to the fact that the size of the authorized capital of the insurer does not meet the requirements of the law “On Insurance” regarding its minimum size.
At the same time, IC “Veles” has also been subjected to a measure of influence in the form of a written warning due to the non-compliance of business reputation and owners of substantial participation of the insurer with the requirements of the legislation.
The NBU stressed that the insurer is obliged to eliminate the corresponding violation until December 15, 2025.
IC Veles has been operating in the market since 1998. It has 15 licenses for voluntary and compulsory types of insurance. It is a member of the association “Insurance Business”.
The authorized capital amounts to UAH 39 mln.
Insurance company Euroins Ukraine (Kyiv) increased its authorized capital to UAH 123.065 million through an additional issue of shares worth UAH 45.125 million.
According to information provided by the insurer in the National Securities and Stock Market Commission’s disclosure system, this is stated in the report on the results of the share issue without a public offering, approved by the supervisory board on March 21, 2025.
According to the report, 4.513 billion shares with a par value of 0.01 UAH were placed during the issue.
Euroins Ukraine is a universal insurance company that has been operating in the Ukrainian market since 1992. It is part of the Bulgarian insurance group Euroins, which is one of the largest independent insurance groups operating in Central, Eastern, and Southeastern Europe.
Grave Ukraine Insurance Company (Kyiv) has increased its authorized capital by 41.2% to UAH 130.151 million through an additional issue of shares worth UAH 38 million.
This is stated in the report on the results of the issue of shares of IC Grave Ukraine, posted in the information disclosure system of the NSSMC.
As reported, the decision to hold an additional share issue was made at the insurer’s meeting on November 22, 2024. It was planned to additionally place 38 million shares with a par value of UAH 10.
As expected, the issue will be carried out at the expense of additional contributions without a public offer. Its terms provide for the preemptive right of shareholders to purchase shares in the course of their placement.
On April 10, 2008, INPRO Insurance Company became a member of the Austrian financial concern GRAWE (Grazer Wechselseitige Versicherung AG) and was renamed into Grave Ukraine Insurance Company.
PrJSC “Grave Ukraine Life Insurance” and PrJSC “IC ‘Grave Ukraine’ are part of the NFG ‘Grave Ukraine’, the ultimate beneficiary of which is GRAWE-Vermögensverwaltung (Austria).
PJSC “Grave Ukraine Life Insurance” (Kiev) has increased its authorized capital from UAH 26.903 million to UAH 81.571 million, the company was notified by the Central Depository of Ukraine on July 31, according to the information posted in the system of NCSSM.
The increase of the authorized capital by UAH 54.668 mln was made at the expense of a part of the profit received by the company.
The decision on the issue was made at the shareholders’ meeting on April 15, 2024.
PJSC Grave Ukraine Life Insurance and PJSC IC Grave Ukraine are part of NFG Grave Ukraine, the ultimate beneficiary of which is GRAWE-Vermögensverwaltung (Austria).
The shareholders of Forte Life Insurance Company (Kyiv) have decided to increase its authorized capital by UAH 7 million to UAH 24 million.
According to the company’s announcement in the NSSMC’s information disclosure system, the nominal value of one share is UAH 1 thousand, the placement price is UAH 4,541 thousand. The method of securities placement is without a public offer. It is noted that the placement of shares may lead to a change in the owner of a large stake (99.80% of the authorized capital), which at the time of the decision was Oksana Kuleshina.
As reported, Forte Life Insurance Company (formerly Insurance Union Life), registered in 2005, specializes in providing life insurance services.
In February 2021, the company announced that Astrum Ukraine LLC, which owns 99% of the shares of Forte Life Insurance Company (Kyiv), reduced its stake to 0%, and Oksana Kuleshina became the owner of this stake.
On March 25, the shareholders’ meeting of Ukrainian Joint Stock Insurance Company ASKA-Life (Kyiv) decided to increase the authorized capital by 2.56 times, up to UAH 49.625 million, through an additional issue of shares worth UAH 30.240 million.
As the company reported in the information disclosure system of the National Securities and Stock Market Commission (NSSMC), the additional issue of shares will be made at the expense of part of the retained earnings for 2014-2019.
As reported, in January-September 2023, ASKA-Life collected net and gross insurance premiums in the amount of UAH 117.5 million, which is 49% less than in the same period in 2022.
During the reporting period, the company paid UAH 8.376 million to clients (36% more). The company’s administrative expenses increased by 15.4% to UAH 9.436 million, while sales expenses decreased by 2.2 times to UAH 98.9 million.
At the same time, the financial loss from operating activities for the first nine months of 2021 decreased to UAH 12.6 million from UAH 15.7 million. Net loss amounted to UAH 1,058 million, which is 6.5 times less than in January-September 2022.
ASKA-Life Insurance Company was registered in 2003 and specializes in life insurance.
According to the National Securities and Stock Market Commission, as of the second quarter of 2023, 55.6667% of the company is owned by SCM Finance Limited, 44.3333% – by Alexander Sosis.
