Insurance company BBS Insurance (formerly Brokbusiness, Kyiv) collected UAH 660.03 million in gross premiums in January-September 2025, which is 64.70% more than in the same period of 2024.
This was reported by RA Expert-Rating in its confirmation of the insurance company’s financial stability rating at “uaAA” on the national scale.
According to the RA, the share of insurance premiums belonging to reinsurers increased by 44.6%, while their share in the company’s gross premium structure decreased by 0.23 p.p. to 1.63%.
In the first nine months of 2025, the company made 77.75% more insurance payments and reimbursements than in the first nine months of 2024, and the level of payments increased by 2.62 p.p. to 35.67%.
During the reporting period, the equity capital of IC “BBS Insurance” increased by 21.21% to UAH 196.84 million, while its gross liabilities increased by 61.05% to UAH 388.29 million. As a result of the higher growth rate of liabilities, the level of coverage of the insurer’s liabilities by equity capital decreased in the reporting period: by 16.67 p.p. to 50.69%.
Cash and cash equivalents increased by 58.62% to UAH 382.28 million, while the ratio of cash to liabilities decreased by 1.51 p.p. to 98.45%. Thus, as of the beginning of the fourth quarter of 2025, highly liquid assets covered 98.45% of the company’s liabilities.
RA also notes that the company’s activities were profitable during the period under review. Compared to the same period in 2024, operating profit increased by 38.51% to UAH 49.05 million, and net profit increased by 27.13% to UAH 47.63 million.
BBS Insurance has been operating in the Ukrainian insurance market for over 30 years and is represented in all regions of the country. It has a license to conduct insurance activities in 18 classes.
Insurance company Quorum (Kyiv) collected net insurance premiums in the amount of UAH 47.195 million in January-September 2025, which is 36.4% more than in the same period of 2024, and gross premiums in the amount of UAH 50.216 million (+1.17%) .
This was reported by the rating agency (RA) Standard-Rating in its information on the update of the company’s credit rating/financial stability rating on the national scale at the level of “uaAA”.
The agency specified that it had updated the rating based on an analysis of the company’s performance for the reporting period.
Revenues from individuals in the insurance company increased by 10.82% to UAH 27.072 million, while there were no revenues from reinsurers. The share of individuals in gross premiums for the first nine months of 2025 was 53.91%.
Insurance premiums sent to reinsurers in January-September 2025 amounted to UAH 3.021 million, which is 79.91% less than in the same period of 2024. Thus, the reinsurers’ share in insurance premiums decreased by 24.27 percentage points to 6.02%.
The volume of insurance payments and reimbursements made by the company in the first nine months of 2025 increased by 44.26% compared to the same period in 2024, to UAH 7.894 million. Thus, the level of payments increased by 4.70 p.p. to 15.72%.
The activities of TOV “SK ”Quorum” in the period under review were profitable, and operating and net profits showed growth – by 5.89% to UAH 8.8 million and by 9.64% to UAH 8.3 million, respectively.
As of September 30, 2025, the company’s assets grew by 13.93% to UAH 79.632 million, equity increased by 13.54% to UAH 69.736 million, liabilities grew by 16.77% to UAH 9.896 million, and cash and cash equivalents increased by 12.52% to UAH 56.095 million.
Thus, as of the beginning of the fourth quarter of 2025, the company had very high levels of capitalization (704.69%) and the ratio between cash and liabilities (566.85%), the RA notes.
Insurance company Quorum was established in March 2014 and specializes in risk insurance.
In January-September 2025, Respect Insurance Company (Odessa) collected UAH 67.672 million in net premiums, which is 68% more than in the same period of 2024.
According to the company’s interim report posted on the information disclosure system of the National Securities and Stock Market Commission (NSSMC), its gross premiums for this period amounted to UAH 68.123 million (+64.4%). UAH 451 thousand was transferred to reinsurance (2.5 times less).
During the period, the company paid out UAH 11.967 million, which is 4.3 times more than during the same period a year ago. At the same time, administrative expenses amounted to UAH 313,000, which is 2.2 times higher than in January-September 2024.
The financial result from the operating activities of IC Respect for nine months amounted to UAH 5.538 million (3.8 times less), net profit – UAH 8.601 million (2.7 times less).
According to the NSSMC, as of the first quarter of 2025, LLC “AMC” YUG-Invest“ (Closed-end non-diversified venture investment fund ”Industrial”) owned 67.935% of the insurer’s shares, LLC “Ulyublenoe Misto” – 9.646%, LLC “Bereg Stroy Service 2017” – 9.242%.
Insurance company “Respect” has been operating in the Ukrainian market since March 1995. The company’s main risk portfolio is related to the transport sector.
Shareholders of the insurance company “Suzirya” (Kyiv) Oleksiy Tugay, who owned 20.009% of the insurer, reduced his stake to 0%, according to information posted by the company in the information disclosure system of the National Securities and Stock Market Commission (NSSMC).
At the same time, it is noted that Natalia Oksenko, who owned 4.947% of the insurer, increased her stake to 8.495%, and Anna Pysmenna, who previously did not own any shares, now owns 8.849%.
The insurance company provides almost all types of insurance specified by the current legislation of Ukraine.
According to the NSSMC, in the first quarter of 2025, the company’s shareholders were Rostislav Pokrovsky (73.037%) and Oleksiy Tugay (20.009%).
JSC SK Kraina (Kyiv) increased its authorized capital by 15.02% to UAH 115.015 million through an additional issue of shares worth UAH 15.015 million.
This was reported in the report on the results of the share issue without a public offering, published in the information disclosure system of the National Securities and Stock Market Commission (NSSMC).
During the issue, the second stage of which ended on September 24, 2025, an additional 11.639 million ordinary registered shares were placed.
As reported in July 2025, JSC “Closed Non-Diversified Venture Corporate Investment Fund ‘Kiwi’, which owned 76.212% of the shares of IC ”Kraina”, reduced its stake to 0%. In addition to it, the company was left by JSC “Closed Undiversified Venture Corporate Investment Fund ‘Sirius’, which owned 7.491%, LLC ”Finance Elite Company” – 3.823%, Konstantin Vorushilin – 4.981%, Oleg Zimin (9.491%).
It was noted that Vyacheslav Suprunenko became the owner of 99.997% of the insurer’s shares.
As reported, Vyacheslav Suprunenko is the former son-in-law of ex-Kyiv Mayor Chernovetskyi. He owns the Alviva group of companies, which includes Kyivkhlib, Kyivmlyn, Kyiv Bakery and Confectionery Plant, and the Rosinka factory.
Insurance company Kraina has been operating in the Ukrainian insurance market since 1994. It is licensed to provide 23 types of insurance. The insurer’s regional network consists of 98 locations throughout the country.
In January-June 2025, BBC Insurance (formerly Brokbusiness Insurance, Kyiv) collected UAH 444.23 million in gross premiums, which is 86.9% more than in the same period a year ago, according to Expert-Rating in its report confirming the insurance company’s financial stability rating at “uaAA+” on the national scale.
According to the RA, the share of insurance premiums belonging to reinsurers grew 2.3 times in the company, while in the structure of gross premiums it decreased by 0.34 percentage points (pp) to 2.04%.
In the first half of the year, BBC Insurance made 89.2% more insurance payments and reimbursements than in the same period a year ago, and the level of payments increased by 0.43 p.p. to 35.62%.
The company’s equity as of the reporting date increased by 19.92% to UAH 175.52 million, and its gross liabilities increased by 61.60% to UAH 358.22 million. Cash and cash equivalents increased by 61.36% to UAH 341.05 million, while the ratio of cash to liabilities decreased by 0.14 percentage points to 95.21%.
Thus, as of the beginning of the second half of 2025, IC “BBS Insurance” was secured by highly liquid assets, which covered 95.21% of its liabilities.
At the end of the first half of 2025, the company’s net profit increased by a third (+33.42%) compared to the same period in 2024, reaching UAH 23.9 million, while the company’s operating profit was slightly lower at UAH 10.67 million (-7.22%).
BBS Insurance has been operating in the Ukrainian insurance market for over 25 years and is represented in all regions of the country.
