In January-September 2023, “Nadiina” Insurance Company (Kyiv) collected insurance premiums in the amount of UAH 99.575 million, which is 1.68% more than in the same period last year.
Such data was published in the information of RA Standard Rating on the update of the company’s credit rating/financial strength (reliability) rating at uaA+ on the national scale.
At the same time, premiums from individuals amounted to UAH 0.501 million, and premiums from reinsurers amounted to UAH 2 thousand. Thus, according to the results of nine months of 2023, the insurer’s client portfolio in terms of gross premiums was mainly formed by legal entities.
Insurance payments sent to reinsurers in the first nine months of 2023 decreased by 33.68% to UAH 55.145 million compared to the same period in 2022. Thus, the ratio of reinsurers’ participation in insurance premiums decreased from 84.91% to 55.38%, or by 29.53 percentage points.
The insurer’s net written premiums increased by 3.01 times to UAH 44.430 million, and earned premiums by 3.55 times to UAH 44.086 million.
The volume of insurance payments and reimbursements made by the company in the first nine months of 2023 compared to the same period in 2022 increased by 3.04 times to UAH 5.721 million. Thus, the payout ratio increased by 3.83 p.p. to 5.75%.
Profit from operating activities in January-September 2023 increased to UAH 27.042 million, and the insurer’s net profit increased to UAH 25.198 million.
As of September 30, 2023, the insurer’s assets increased by 46.66% to UAH 89.159 million, equity showed an increase of 51.33% to UAH 74.284 million, liabilities – by 27.07% to UAH 14.875 million, cash and cash equivalents increased 2.87 times to UAH 38.415 million.
As reported, the company was registered in the Unified State Register of Legal Entities and Individual Entrepreneurs in 2006. The authorized capital is UAH 15 million.
According to the NSSMC, as of the fourth quarter of 2022, the company’s shareholders were eight individuals with 9.5%, one with 5%, and another with 19%.
In January-June 2023, PrJSC “Insurance Company “Nadiina” (Kyiv) collected insurance premiums in the amount of UAH 66.943 million, which is 10.14% more than in the same period a year earlier, according to the information of RA “Standard Rating” on updating the company’s credit rating/financial strength (reliability) rating at uaA+ according to the national scale.
At the same time, premiums from individuals amounted to UAH 267 thousand, and premiums from reinsurers – UAH 2 thousand. Thus, according to the results of the first half of 2023, the insurer’s client portfolio in terms of gross premiums was mainly formed by legal entities.
Insurance payments sent to reinsurers in the first half of 2023 decreased by 34.69% to UAH 34.178 million compared to the same period in 2022. Thus, the ratio of reinsurers’ participation in insurance premiums decreased from 86.09% to 51.06%, or by 35.03 p.p.
The insurer’s net written premiums increased 3.88 times to UAH 32.765 million, and earned premiums increased 4.69 times to UAH 33.326 million.
The volume of insurance payments and reimbursements made by the company in the first half of 2023 compared to the same period in 2022 increased 9.97 times to UAH 3.996 million. Thus, the level of payments increased by 5.31 p.p. to 5.97%.
The company’s profit from operating activities for the reporting period increased to UAH 21.904 million, and the insurer’s net profit increased to UAH 20.411 million.
As of July 1, 2023, the company’s assets increased by 30.75% to UAH 79.488 million, equity showed an increase of 41.58% to UAH 69.497 million, liabilities decreased by 14.65% to UAH 9.991 million, cash and cash equivalents increased 2.78 times to UAH 37.195 million.
As reported, the company was registered in the Unified State Register of Legal Entities and Individual Entrepreneurs in 2006. The authorized capital is UAH 15 million.
According to the NSSMC, as of Q4 2022, the company’s shareholders were 8 individuals with 9.5%, one with 5%, and another with 19%.
