PrJSC Insurance Company Persha (Kyiv) in 2020 collected UAH 451.6 million of gross premiums, which is 12.11% less than a year earlier.
According to Expert-Rating, confirming the financial stability rating of the company at the level of “uaAA” on the national scale, when updating the rating, the agency took into account the analysis of the insurer’s activities for 2020.
At the same time, it is noted that part of insurance premiums belonging to reinsurers decreased by 9.27%, UAH 112.410 million, and their share in the structure of the company’s gross premiums increased by 0.78 percentage points, to 24.89%.
Last year, Persha carried out UAH 215.430 million of insurance payments and compensations, which is 1.98% less than in 2019. At the same time, the level of payments increased by 4.93 percentage points, to 47.7%.
The company’s net worth in 2020 increased by 9.16%, to UAH 136.580 million, and its gross liabilities increased by 7.29%, to UAH 623.970 million.
Cash and cash equivalents on the accounts of Persha as of December 31, 2020 increased by 7.58%, to UAH 318.950 million.
Based on the results of activities in 2020, the company received a net profit of UAH 7.32 million, which is 48.73% less than in 2019. At the same time, the company received loss from operating activities in the amount of UAH 7.17 million.
The uncovered loss of Providna Insurance Company (Kyiv) in 2020 decreased by 16%, to UAH 486.637 million, follows from the agenda of the shareholders’ meeting on April 16, promulgated in the information disclosure system of the National Securities and Stock Market Commission.
According to the statement, the company’s net profit in 2020 amounted to UAH 93.731 million against a net loss of UAH 21.889 million in 2019. The company’s shareholders plan to keep the net profit unallocated.
The company also said that as of December 31, 2020, its assets increased by 24.6%, to UAH 715.310 million, cash and their equivalent decreased 60%, to UAH 59.053 million, equity capital increased by 48.3%, to UAH 292.178 million, accounts receivable increased by 35.1%, to UAH 215.044 million.
The company’s long-term liabilities over the year increased by 6.8%, to UAH 375.913 million, current by 86.9%, to UAH 47.219 million.
Insurance Company MetLife (Kyiv) in 2020 made insurance payments in the amount of more than UAH 211.9 million, which is 27% more than a year earlier, according to a press release from the insurer.
At the same time, it is noted that the bulk of payments fell on situations related to the insurance protection of health of the company’s clients.
The company reports that in 2020, some 29 large payments were made, including 22 payments each in the amount of more than UAH 500,000, six payments in the amount of more than UAH 1 million and one payment in the amount of more than UAH 2 million. The number of insured events for which payments were made also increased by 14%.
In addition, during 2020, some 21,095 payments were made to the insured under life and health protection programs. Among the main reasons for payments in 2020, there were surgical interventions (6,028) and injuries (5,214) – they account for 53% of all appeals.
The company also reports that since the beginning of MetLife’s operations in Ukraine (2003-2020), the total payments to the company’s clients have exceeded UAH 857.845 million.
According to the industry rating Insurance TOP, during 2019-2020 MetLife is the constant leader in terms of the volume of insurance payments of all life insurance companies in Ukraine.
PrJSC MetLife was registered in 2002, it is a member of the international group of companies MetLife, Inc.
INGO Ukraine insurance company (Kyiv) collected more than UAH 410 million of insurance premiums in January-March 2020, which is 19% higher than in the same period in 2019.
The insurer said in its press release that transport insurance accounts for more than UAH 167 million, life and personal health insurance is more than UAH 145.3 million, package insurance (property and liability) is more than UAH 69.9 million, special types (carriers liability insurance, shipping and forwarding agents, airlines, ship owners, full comprehensive insurance of aircraft and sea vessels, etc.) are more than UAH 26.7 million, other types are more than UAH 1.1 million.
According to the company, more than UAH 194 million (25% more) was paid to customers, more than 46,500 insurance accidents were settled in the first three months of 2020.
Formed actuarial reserve of INGO insurer as of March 30, 2020 amounted to more than UAH 1.092 billion, the value of net assets was UAH 668,094.
The indicator of positive net assets over the charter capital meets the requirements of the law and amounts to UAH 362.551 million. The actual solvency margin is UAH 626.087 million, which exceeds the standard inventory by UAH 371.599 million.
Chairman of the Supervisory Board Ihor Hordienko said that taking into account the experience of previous crisis periods, the company developed several scenarios of the crisis bailout plan, in accordance with which costs will be optimized.
In general, today the operational efficiency of the insurance company has increased. Some 75% of employees work remotely, some 25% works in offices, supporting the technical infrastructure and critical regulations. Communication with customers, contractors, and partners is remote. In the same mode, the work of most subdivisions is carried out. As a result, internal cashless and paperless projects have accelerated and have already reached the level of cashless transactions and electronic document flow, which was expected at the end of 2020.
JSC INGO Insurance Company has more than 25 years of experience in the market. Since 2017, the main shareholder of the company has been the Ukrainian business group DCH belonged to Oleksandr Yaroslavsky.
The National Commission for the State Regulation of the Financial Services Market took a decision include put Askor Insurance Company LLC (Kyiv) in the State Register of Financial Institutions, the regulator reported on its website.
According to the Unified State Register of Legal Entities and Individuals of Ukraine, the company, which deals with risk insurance, was registered in May 2019. The charter capital of the company is UAH 40 million.
One of shareholders of Askor, Oleksandr Viliuha, will head the newly-set company.
ASKO-Medservice insurance company (Kyiv) in 2018 posted a net profit of UAH 7.254 million, while in 2017 its net loss was UAH 12.576 million, according to materials for the agenda of a general meeting of shareholders scheduled for April 19. The company’s assets last year increased by 2.3 times, to UAH 841.274 million.
The insurer also increased its net worth by almost 3.2 times, to UAH 416.231 million. Its charter capital has not changed and amounts to UAH 25.2 million.
The total debtor indebtedness of the company increased by 2.2 times, to UAH 240.418 million. Cash and cash equivalents rose by 70.9%, to UAH 92.991 million, long-term liabilities by 31.2%, to UAH 123.225 million, current liabilities by 2.2 times, to almost UAH 301.818 million.
ASKO-Medservice was founded in 1993 through the reorganization of ASKO-Zhytomyr Ltd. insurer. Its core business is transport and property insurance, insurance of vehicle owners’ civil liability, and other mandatory types of insurance.
