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.
