In 2024, insurance company PZU Ukraine attracted UAH 2.248 billion in premiums, which is UAH 379 million, or 20%, more than in 2023, according to a press release from the insurer.
According to the company, the largest increase in payments at the end of the year was recorded in the following segments: health insurance – by 37%, or UAH 88 million, MTPL – by 28% (+UAH 138 million), hull insurance increased by 22% (+UAH 80 million), Green Card has an increase of 11% (UAH 54 million), and assistance +10% (UAH 9 million).
The share of MOTPL in the company’s portfolio amounted to 28%, or UAH 637 million of payments, Green Card – 24% (UAH 543 million of insurance premiums), CASCO – 20% (UAH 450 million).
In turn, the share of health insurance in the company’s portfolio amounted to 15%, and the company collected UAH 326 million in payments under these contracts in 2024.
PZU Ukraine’s revenues from other insurance contracts amounted to UAH 291 million, or 13% of total revenues.
In 2024, the total amount of insurance payments amounted to UAH 1.048 billion, which is 49% more than in 2023.
Last year, the company settled insurance claims in the amount of UAH 226 million in the motor hull segment, UAH 327 million in the MTPL segment, UAH 176 million under Green Card contracts, and UAH 235 million in VHI.
In addition, the insurer reports that the financial result before taxation for 2024 amounted to UAH 19 million, according to the auditor’s report.
PZU Ukraine is supported by one of the largest insurance groups in Central and Eastern Europe, PZU Group, which includes the parent company of PZU Ukraine, PZU S.A.
IC “Express Insurance” (Kiev) in January-February 2025 collected insurance premiums in the amount of UAH 181,6 mln, which is 48,4% more than in the same period of 2024, as reported on the insurer’s website.
The increase in insurance premiums has become possible due to significant growth of new clients and stable increase in the number of concluded contracts in comparison with the previous year.
Thus, premiums under CASCO contracts for this period amounted to UAH 119,1 mln, which is by UAH 21 mln or 21,4% higher than the same indicator of two months of 2024, under CMTPL insurance – UAH 56,9 mln (+ 2,8 times), under other types of insurance – UAH 5,6 mln.
As reported, in January-February 2025, the company made payments in the amount of UAH 67,2 mln.
IC “Express Insurance” was founded in 2008 and is a part of the group of companies “UkrAVTO”. It specializes on automobile insurance. Stable high speed of events settlement in IC is provided by optimal interaction with partner service stations.
Since April, 2012 IC “Express Insurance” is an associated member of the Motor Transport Insurance Bureau of Ukraine.
In 2024, “Insurance Company ‘ARX’ PrJSC (ARX, Kyiv) collected gross insurance premiums in the amount of UAH 4.280 billion, which is 15.94% more than a year earlier.
These statistics are available on the website of RA Standard-Rating on the update of the company’s credit rating/financial strength (reliability) rating at uaAAA according to the national scale in 2024.
Income from individuals increased by 13.20% to UAH 2.617 billion, and from reinsurers increased 2.2 times to UAH 14.268 million. Thus, at the end of 2024, the share of individuals in the insurer’s gross premiums amounted to 61.14%, and the share of reinsurers – 0.33%.
In 2024, insurance payments sent to reinsurers increased by 15.74% compared to 2023 – up to UAH 114.375 million. The ratio of participation of reinsurance companies in insurance premiums of IC “ARKS” practically did not change and amounted to 2.67% in 2024.
RA notes that net written premiums increased by 15.94% to UAH 4.166 billion, and net earned insurance premiums increased by 16.18% to UAH 3.895 billion.
The volume of insurance claims paid by the company in 2024 increased by 24.23% compared to 2023, to UAH 1.720 billion. Thus, the level of payments increased by 2.69 p.p. to 40.19%.
Profit from operating activities amounted to UAH 170.090 million, and net profit amounted to UAH 452.835 million.
As of January 1, 2025, the company’s assets increased by 17.70% to UAH 5.220 billion, equity showed an increase of 20.77% to UAH 2.633 billion, liabilities increased by 14.73% to UAH 2.587 billion, cash and cash equivalents increased 4.16 times to UAH 817.524 million.
The RA also reports that as of the beginning of 2025, the insurer made financial investments in the amount of UAH 2.922 billion, which consisted of government bonds and government bonds (81.76% of the investment portfolio) and deposits in banks with investment grade credit ratings (18.24% of the portfolio), which had a positive impact on the provision of liquid assets, which exceeded the liabilities of IC “ARKS” by 1.45 times.
“ARKS” Insurance Company is a part of the international insurance holding Fairfax Financial Holdings Ltd. The company has been a leader in the hull insurance segment of the Ukrainian market for 13 years.
In January-February 2025, accrued insurance premiums under international insurance contracts “Green Card” concluded by member companies of the Motor (Transport) Insurance Bureau of Ukraine (MTIBU) increased by 6.43% compared to the same period in 2024 – up to UAH 835.6 million.
According to the MTIBU website, the number of Green Card contracts concluded during this period decreased by 11.8% to 191.3 thousand.
The amount of compensation paid on claims also decreased by 6.79% to EUR 7.131 million, the number of paid claims – by 12.3% to 2.209 thousand.
MTIBU is the only association of insurers that provide compulsory insurance of civil liability of owners of land vehicles for damage caused to third parties.
“Green Card is a system of insurance coverage for victims of road traffic accidents, regardless of their country of residence and country of registration of the vehicle. “The Green Card covers 45 countries in Europe, Asia and Africa.
According to the decision adopted by the General Assembly of the Council of the Bureau of the International Motor Insurance System “Green Card” in Luxembourg in May 2004, Ukraine became a full member of the system on January 1, 2005.
In January 2025, TAS Insurance Group (Kyiv) collected UAH 525.3 million in insurance premiums, which is 47% more than in the same period in 2024.
According to the insurer’s website, motor hull insurance premiums in January 2025 amounted to 9.54% of the total, or UAH 50.12 million, which is 7.7% lower than in January 2024; motor third party liability insurance premiums – 38.45%, or UAH 201.98 million, which is 2.1 times more, and Green Card premiums – 25.84%, or UAH 135.72 million (+46.9%).
Under voluntary health insurance contracts, TAS Group collected UAH 73.54 million in premiums, which is 5.3% lower than in the same period last year and accounts for 14.5% of total premiums.
Property insurance contracts attracted UAH 8.11 million of insurance premiums, which is 22.8% less than last year.
Under other insurance contracts, the company collected UAH 55.78 million, which is 2.1 times more than in January-2024.
As reported, in January 2025, TAS Insurance Group paid UAH 202.6 million under the concluded insurance contracts, which is 26.5% higher than the amount of indemnities paid by the company for the same month in 2024.
Out of the total volume, 27.63% of payments were made on motor hull insurance (UAH 56 million), which is 37% more than in January of the previous year, 31% or UAH 62.7 million (+7.8%) on MTPL, and 24.9% on Green Card.
The share of VHI in the company’s claims portfolio in December amounted to 15.9%, or UAH 32.13 million (+28.3%).
The company paid out UAH 14.82 million under other insurance contracts.
TAS Insurance Group was registered in 1998 and is a universal company offering more than 80 types of insurance products in various types of voluntary and compulsory insurance. It has an extensive regional network: 28 regional directorates and branches and 450 sales offices throughout Ukraine
IC “Express Insurance” (Kiev) in January 2025 collected insurance premiums in the amount of UAH 102.6 million, which is 71.9% more than in January 2024. According to the insurer’s website, in January payments amounting to more than UAH 34,4 mln were made, which is by 17% more than in the same period of 2024.
Including payments on hull insurance amounted to UAH 27 million (+5.3%), on MTPL – UAH 6.8 million (more in 2.4 times), payments on other insurance contracts – UAH 660 thousand.
“The growth of payouts on MTPL is a direct result of clients’ confidence in the company and increase in the number of concluded contracts”, – is noted in the message.
ALC “Express Insurance” was founded in 2008 and is part of the group of companies “UkrAVTO”. The company specializes in automobile insurance. Stably high speed of events settlement in IC is provided by optimal interaction with partner service stations.
Since April, 2012 IC “Express Insurance” is an associated member of the Motor Transport Insurance Bureau of Ukraine.
