The insurance company “Knyazha Life Vienna Insurance Group” (Kyiv) collected UAH 57.9 million in insurance premiums in 2025, which is 4.98% less than in 2024.
This was reported by the rating agency “Standard-Rating” on its website in a statement confirming the company’s financial stability rating/credit rating at the “uaAA+” level based on the results of the reporting period.
It is noted that the volume of insurance payments and reimbursements made by the company during this period reached UAH 33.657 million, which exceeded the volume of payments for 2024 by 22.91%. Thus, the insurer’s payout ratio increased by 13.20 percentage points to 58.17%, which is a high figure for the life insurance market in Ukraine.
The insurer’s acquisition costs for 2025 amounted to UAH 0.661 million, which is 40.72% less than in 2024.
At the end of 2025, the company’s operations were unprofitable. The net loss amounted to UAH 14.8 million, whereas at the end of 2024, the company’s net profit was UAH 29.6 million.
The RA also notes that as of January 1, 2026, the company’s assets grew by 10.11% to UAH 1.001 billion, equity decreased by 3.14% to UAH 296.702 million, liabilities increased by 16.85% to UAH 704.238 million, cash and cash equivalents more than doubled to UAH 8.854 million, and government bonds and bank deposits as part of current financial investments increased by 9.35% to UAH 961.915 million.
Thus, as of the beginning of 2026, equity covered 42.13% of the insurer’s liabilities, and 1.26% of its liabilities were secured by cash and cash equivalents.
At the same time, as of the reporting date, the insurer had formed a portfolio of current financial investments totaling UAH 961.915 million, which included bank deposits and investments in government bonds.
RA notes that the company’s high level of external support is provided by its shareholder—the international insurance group headquartered in Austria, Vienna Insurance Group Wiener Städtische Versicherung AG, which is represented by 50 companies in 30 countries and is a leader in the insurance market of Central and Eastern Europe.
The insurance company “Knyazha Life Vienne Insurance Group” (Kiev) in January-March 2023 collected UAH 14.8 mln of insurance payments, which is 3.8% less than during the same period a year earlier.
This is stated at the web-site of rating agency Standard-Rating, which confirmed the financial strength rating/credit rating of the insurance company at the level uaAA+ according to the results of the first quarter of 2023.
According to the message, the volume of payouts and indemnities, performed by the insurer in the specified period has amounted to UAH 8,870 mln, that is 2,45 times more than in the same period of 2022. Therefore, the level of payouts of the insurer has increased by 34,41 p.p. – up to 59,82%.
Acquisition expenses of the insurer have decreased by 12,01% down to UAH 2,359 mln in the Q1 of 2023 in comparison with the same period of 2022. Net profit has amounted to UAH 3,199 mln.
As of April 1, 2023 assets of the company grew by 2.15% up to UAH 757.626 mln, shareholders’ equity increased by 2.68% up to UAH 116.787 mln, liabilities grew by 2.05% up to UAH 640.839 mln, cash and cash equivalents increased by 67.40% up to UAH 8.499 mln.
Thus, as of the beginning of the Q2 2023 shareholders’ equity has covered 18,22% of liabilities of the insurer, and 1,33% of its liabilities have been secured by cash and cash equivalents.
RA notes that on the reporting date the company has formed a portfolio of financial investments in the amount of UAH 704,336 m, including bank deposits (UAH 144,2 m), and investments into government bonds (UAH 560,136 m).
RA emphasizes that the high level of external support of the company is provided by its shareholder – Vienna Insurance Group Wiener Städtische Versicherung AG, an international insurance group with headquarters in Austria, which is represented by 50 companies in 30 countries and is the leader in the insurance market of Central and Eastern Europe.
