Private JSC “Insurance Guarantees of Ukraine” (“SGU” Kiev) in January-September 2024 collected UAH 1,33 mln of gross premiums, which is 34,4% less than a year earlier, follows from the information of the rating agency “Expert Rating” on confirmation of the insurer’s financial strength rating/credit rating on the national scale at the level “uaAA” following the results of work for 9 months. 2024.
It is noted that for the given period of 2024 the volume of insurance payments and indemnities made by the insurer has amounted to UAH 100 th, while for the same period a year earlier UAH 3 th.
It is also noted that shareholders’ equity of “SGU” as of September 30, 2024 has grown by 44,53% and has amounted to UAH 55,17 mln, due to the increase in the volume of retained earnings in its structure as a result of profitable activity in the period under review.
During the same period gross liabilities of the company have decreased by 95,35% to UAH 0,96 mln, the volume of cash and cash equivalents on “SGU” accounts has grown by 0,07% and has amounted to UAH 47,97 mln. The level of cash coverage of insurer liabilities has grown by 4769 p.p. to 50,02%.
At the same time RA notes that the operating profit of the insurer for the 9 months of 2024 has amounted to UAH 10,76 mln, and net profit – UAH 12,41 mln, while for the same period of 2023 the activity of “SGU” was unprofitable.
Private JSC “SGU” was registered in November, 2005. It has licenses for 15 types of insurance activities, including four for compulsory insurance, 11 for voluntary insurance.
