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.
Shareholders of PJSC Insurance Company Nadiyna (Kyiv) at the meeting on April 17 will consider the issue of increasing the authorized capital up to UAH 32 million by conducting an additional issue of shares in the amount of UAH 17 million.
In the agenda of the meeting, published in the information disclosure system of the National Commission on Securities and Stock Market (NCSSM), it is noted that the issue will be made by increasing the nominal value of each share from UAH 1.875 thousand to UAH 4 thousand at the expense of directing to the authorized capital of the company part of the profit for 2023, namely UAH 17 million.
As reported, IC “Nadiina” in January-September 2023 has collected insurance premiums in the amount of UAH 99,575 mln, which is by 1,68% more than in the same period last year. Net premiums increased 3,01 times – up to UAH 44,430 mln, and earned premiums – 3,55 times, up to UAH 44,086 mln.
The volume of insurance payments and indemnities made by the company for the nine months of 2023 compared to the same period of 2022 has grown 3,04 times – up to UAH 5,721 mln. Thus, the level of payouts has grown by 3,83 p.p. – to 5.75%.
Profit from operating activities in January-September 2023 has grown to UAH 27,042 mln, and net profit of the insurer has increased to UAH 25,198 mln.
IC Nadijna was registered in the Unified state register of legal entities, physical persons-entrepreneurs in 2006.
Inter-Policy Insurance Company (Kyiv) plans to increase its authorized capital by 58.4%, or by UAH 17.691 million to UAH 48 million, according to the agenda of the shareholders’ meeting scheduled for February 29, 2024, in the information disclosure system of the National Securities and Stock Market Commission (NSSMC).
According to the document, the issue will be carried out through the issue of 31,422 thousand shares of the existing nominal value.
As reported, Inter-Policy Insurance Company was founded in 1993. It has 20 licenses for voluntary and compulsory insurance, as well as branches and representative offices in all major regional centers of the country.
According to the NSSMC, as of the second quarter of 2023, 50.0046% of the insurer’s shares were owned by JSC Ukrzaliznytsia, 9.9608% by IC Vostok-Zakhid, 9.96%, 9.786%, 5.312% and 5.076% by individuals.
Insurance company KD Life (KD Life, Kyiv) has increased its authorized capital by 48% to UAH 53.302 million, according to the insurer’s website.
It is noted that the additional issue of shares was registered by the decision of the National Securities and Stock Market Commission on January 19, 2024.
“The company continues to implement new standards and procedures in accordance with the requirements of the new legislation, actively adapts its internal processes and policies, directing all efforts to comply with the new regulations,” the statement said.
KD Life is a Ukrainian company founded in 2007 by KD Group holding.
KD Group Holding is a leader in the financial market of Eastern Europe, with almost 130 years of successful experience in life and risk insurance, financial management and investment funds.
Currently, the company’s services are offered by more than 3 thousand consultants throughout Ukraine.
The shareholders’ meeting of Avangard Insurance Company (Kyiv) has decided to increase the authorized capital by 4 times, up to UAH 48 million, by holding a share issue worth UAH 36 million, according to the insurer’s official information posted in the information database of the National Securities and Stock Market Commission (NSSMC).
It is noted that during the private issue it is planned to place 36 thousand shares with a par value of UAH 1 thousand.
Avangard Insurance Company was registered in November 2004. It specializes in risk insurance.
The company’s shareholders are LLC “AVT-Boutique” (Kyiv) with 47.51% and six individuals with stakes ranging from 9.5% to 9.8%.
The authorized capital is UAH 12 million.
The meeting of shareholders of PJSC Ukrainian Joint-Stock Insurance Company ASKA-Life (Kyiv) on February 5 will consider increasing the authorized capital by 2.56 times, up to UAH 49.625 million, by holding an additional issue of UAH 30.240 million.
According to the information disclosure system of the National Securities and Stock Market Commission (NSSMC), the issue will be carried out by increasing the nominal value of shares by allocating part of the retained earnings for 2014-2019 to the authorized capital.
As reported, in January-September 2023, the company 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.
In the first nine months of 2023, the company paid UAH 8.376 million to customers, which is 36% more than in the same period of 2022. The company’s administrative expenses for the reporting period increased by 15.4% to UAH 9.436 million, while sales expenses decreased by 2.2 times to UAH 98.9 million.
The financial loss from operating activities for the first nine months of 2023 decreased to UAH 12.6 million from UAH 15.7 million compared to the same period in 2022.
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.
As reported on the website of the National Securities and Stock Market Commission, as of the second quarter of 2023, 55.6667% of the company belongs to SCM Finance Limited, and 44.3333% to Alexander Sosis.
