In January-June 2025, ARX Insurance Company (Kyiv) collected net premiums in the amount of UAH 2.575 billion, which is 35.17% more than in the same period a year ago, and increased gross premiums to UAH 2.731 billion (+39.7%).
These statistics are provided on the website of RA “Standard-Rating” regarding the update of the company’s credit rating/financial stability (reliability) rating at the level of “uaААА” on the national scale based on the results of the first half of 2025.
According to the published data, revenues from individuals increased in the insurer’s portfolio by 37.89% to UAH 1.579 billion, while revenues from reinsurers decreased by 33.56% to UAH 3.846 million. Thus, the share of individuals in the gross premiums of the insurance company was 57.83%, and the share of reinsurers was 0.14%.
Insurance payments sent to reinsurers in the first half of 2025 increased more than threefold compared to the same period in 2024, to UAH 155.850 million, The reinsurers’ share in insurance premiums increased to 5.71% in the first half of 2025.
The volume of insurance payments made by the insurer during this reporting period increased by 16.86% compared to January-June 2024, to UAH 1 billion. Given the higher growth rate of gross premiums compared to insurance payments, the level of payments decreased by 7.16 percentage points (pp) to 36.63%.
The RA notes that, based on the results of the first half of 2025, ARKS Insurance Company’s activities were profitable: the company received UAH 61.608 million in operating profit and UAH 198.688 million in net profit.
As of July 1, 2025, its assets increased by 12.71% to UAH 5.883 billion, equity showed an increase of 7.55% to UAH 2.832 billion, liabilities increased by 17.96% to UAH 3.051 billion, and cash and cash equivalents increased by 42.01% to UAH 1.161 billion.
According to RA data, as of the beginning of the third quarter of 2025, the company had a capitalization level of 92.81%, and 38.05% of its liabilities were covered by cash and cash equivalents.
At the same time, as of July 1, 2025, the insurer made financial investments in the amount of UAH 2.889 billion, consisting of government bonds and municipal bonds (63.27% of the investment portfolio), as well as deposits in banks with an investment-grade credit rating (36.73% of the portfolio). Thus, as of the reporting date, liquid assets exceeded the liabilities of ARKS Insurance Company by 1.33 times.
ARKS is part of the international insurance holding company Fairfax Financial Holdings Ltd.
In January-June 2025, the European Insurance Alliance insurance company paid out UAH 104.7 million in compensation under insurance contracts, which is 32% more than in the same period of 2024, according to the insurer’s website. According to the information, 52% of the total amount of payments was for medical insurance, 25% for compulsory civil liability insurance for drivers (OSAGO), 20% for comprehensive car insurance, and 3% for other types of insurance.
European Insurance Alliance LLC was founded on September 22, 1994. The company is a member of the Motor (Transport) Insurance Bureau of Ukraine, the League of Insurance Organizations of Ukraine, and the Nuclear Insurance Pool of Ukraine.
The company has a license from the National Bank of Ukraine dated April 25, 2024, to conduct insurance activities in 16 classes, including property, motor vehicle, liability, and medical insurance. The authorized capital is UAH 55 million.
On August 8, the supervisory board of Veles Insurance Company (Odessa) extended the term of office of the chair of the management board, Oksana Sherstneva, until September 1, 2025, according to information published by the National Securities and Stock Market Commission (NSSMC) on the holding of a general meeting.
As reported, on July 17, 2025, the National Bank of Ukraine imposed measures on Veles Insurance Company in the form of a written warning due to the fact that the insurer’s authorized capital does not meet the requirements of the Insurance Law regarding its minimum size. In addition, an enforcement measure in the form of a written warning was also applied to IC Veles due to the non-compliance of the insurer’s business reputation and significant shareholders with the requirements of the law.
The company’s shareholders plan to consider increasing the authorized capital by 61.5%, or UAH 24 million, at a general meeting on August 14, 2025.
Veles Insurance Company has been operating in the market since 1998. It holds 15 licenses for voluntary and compulsory types of insurance. It is a member of the Insurance Business Association. Its authorized capital is UAH 39 million.
Insurance company PJSC IC “PZU Ukraine” (Kyiv) attracted UAH 1.322 billion in premiums in January-June 2025, which is UAH 255 million, or 24% more than in the same period last year, according to the company’s press release.
The largest increase in payments for the reporting period was recorded in the segment of compulsory civil liability insurance for owners of land vehicles (OSCPV) – by 41%, to UAH 429 million, or 32% of the total volume, CASCO – by 27%, to UAH 247 million, or 19% of the total volume.
In the first half of 2025, the company attracted UAH 325 million in insurance premiums under Green Card policies, which is 25% of the insurer’s total revenue and 26% more than in the same period of 2024.
Medical insurance accounted for 12% of the company’s portfolio, with the insurance company collecting UAH 160 million in payments under such contracts in the first half of 2025.
PZU Ukraine’s revenues from other insurance contracts in January–June 2025 amounted to UAH 160 million, or 12% of the total.
PZU Ukraine has been operating in the Ukrainian market since 1993. PZU Ukraine is supported by one of the largest insurance groups in Central and Eastern Europe, the PZU Group (which includes the parent company of PZU Ukraine, PZU S.A.).
Insurance company “Quorum” (Kyiv) in January-March 2025 collected insurance premiums in the amount of UAH 17.07 million, which is 35.6% more than in the same period of 2024, the rating agency (RA) “Standard-Rating” reported in information on updating the credit rating / financial strength rating of the company on the national scale at the level of “uaAA”.
The agency clarified that it updated the rating based on an analysis of the company’s performance for the specified reporting period.
The insurance company’s revenues from individuals increased by 34.96% to UAH 10.5 million over the year, while there were no revenues from reinsurers. The share of individuals in gross premiums in the first quarter amounted to 61.51%.
Insurance payments sent to reinsurers amounted to UAH 3 million, which is 30.1% less than in the same period of 2024. Thus, the ratio of reinsurers’ participation in insurance premiums decreased by 16.54 percentage points (p.p.) to 17.62%.
The insurer’s net written premiums increased by 69.66% to UAH 14.063 million, and net earned premiums increased by 70.43% to UAH 13.972 million.
The volume of insurance payments and reimbursements made by Quorum Insurance Company in January-March 2025 increased by 54.89% to UAH 2.328 million compared to the same period last year. Thus, the payout ratio increased by 1.7 percentage points to 13.64%.
The company’s operations in this period were profitable. In particular, the profit from operating activities amounted to UAH 1,605 million, and net profit – UAH 1,263 million.
As of April 1, 2025, the company’s assets increased by 0.73% to UAH 70.405 million, equity – by 2.06% to UAH 62.683 million, and liabilities decreased by 8.88% to UAH 7.722 million, while cash and cash equivalents increased by 3.42% to UAH 51.559 million.
Quorum Insurance was established in March 2014 and specializes in risk insurance.
Insurance company Universalna (Kyiv) collected UAH 619.325 million in gross insurance premiums in January-March 2025, which is 40.6% more than in the same period of 2024, according to the website of the rating agency Standard-Rating.
The agency updated the credit rating/financial stability (reliability) rating of IC Universalna at uaAAА on the national scale based on an analysis of its performance during the period in question.
According to the published data, revenues from individuals increased by 45.14% to UAH 364.518 million, while revenues from reinsurers, on the contrary, decreased by 49.77% to UAH 2.413 million. Thus, at the end of the first quarter of 2025, individuals prevailed in the company’s client portfolio.
Insurance payments sent to reinsurers in January-March 2025 decreased by 15.92% compared to the same period in 2024, to UAH 11.803 million. Thus, the reinsurers’ share in insurance premiums decreased by 1.28 percentage points to 1.91%.
The insurer’s net premiums increased by 42.46% to UAH 607.522 million, while net earned premiums showed an increase of 31.15% to UAH 634.173 million.
The volume of insurance payments made by PJSC “IC ‘Universalna’ in the first quarter of 2025 increased by 28.26% compared to the same period in 2024, to UAH 273.782 million, while the level of payments decreased by 4.25 percentage points, to 44.21%.
According to the results of the first three months of 2025, compared to the same period in 2024, the insurer’s operating profit increased by 74.34% to UAH 77.435 million, and net profit increased by 58.05% to UAH 81.719 million.
As of April 1, 2025, the company’s assets grew by 3.61% to UAH 2.017 billion, equity increased by 8.39% to UAH 1.056 billion, liabilities decreased by 1.18% to UAH 960.603 million, cash and cash equivalents increased by 9.55% to UAH 630.669 million.
The RA emphasizes that as of the reporting date, IC “Universal” was very well provided with equity capital, which exceeded its liabilities by 9.93%.
In addition, the RA notes that IC “Universalna” has formed a portfolio of current financial investments in liquid instruments in the amount of UAH 1.255 billion, consisting of bank deposits (UAH 1.008 billion) and government bonds (UAH 247.056 million). Thus, as of the beginning of the second quarter of 2025, cash and cash equivalents covered 65.65% of the liabilities of PrJSC IC Universalna, and liquid assets (cash, bank deposits, and government bonds) exceeded the insurer’s liabilities by 1.96 times.
The main shareholder of IC “Universalna” is Fairfax Financial Holdings Limited (Canada), a holding company that, through its subsidiaries, is primarily engaged in accident insurance, property insurance, and investment management.
