In January-June 2025, Insurance Guarantees of Ukraine (IGU, Kyiv) collected UAH 784,000 in gross premiums, which is 20.8% more than in the same period of 2024, according to data from the rating agency Expert-Rating confirming the insurer’s financial stability rating for the first half of 2025 at “uaAA” on the national scale.
The information notes that during this period in 2025, the company did not make any insurance payments.
SGU’s equity capital for the reporting period decreased by 7.31% to UAH 50.86 million, while gross liabilities increased by 42.2% to UAH 1.46 million.
The amount of cash and cash equivalents in SGU’s accounts as of July 1, 2025, was UAH 43.77 million, which is 7.96% less than on the same date a year ago. At the same time, as of the beginning of the second half of 2025, the company was very well provided with highly liquid assets, the volume of which exceeded the insurer’s gross liabilities by almost 30 times, the RA notes.
The company’s activities in the first half of 2025 were unprofitable: the insurer incurred a net loss of UAH 1.232 million and an operating loss of UAH 2.025 million.
PJSC “SGU” was registered in November 2005. It has licenses to conduct 15 types of insurance activities: four for compulsory insurance and 11 for voluntary insurance.
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.
