PrJSC ASKA insurer (Zaporizhia) in 2020 collected net premiums in the amount of UAH 303.918 million, which is 14.5% less than a year earlier.
According to the company’s annual report, published in the information disclosure system of the National Securities and Stock Market Commission, gross premiums collected by the company in 2020 decreased by 1.7%, to UAH 937.283 million, those transferred to reinsurers increased by 2% – to UAH 624.156 million, payments – also by 2%, to UAH 176.334 million.
Administrative expenses of the company in 2020 decreased by 22.6% – to UAH 48.189 million, sales expenses – by 11.6%, to UAH 88.102 million.
As reported, the insurance company ended 2020 with an uncovered loss of UAH 158.952 million, which is 2.3% more than a year earlier and a net loss of UAH 14.097 million, which is 2.4 times less than a year earlier.
The company’s assets in 2020 increased by 4% – to UAH 722.841 million, net worth – by 24.5%, to UAH 207.614 million.
Total debtor indebtedness increased by 17.5% – to UAH 354.175 million, cash and their equivalent decreased by 4.7% – to UAH 83.299 million.
Long-term liabilities decreased by 13.2% – to UAH 291.195 million, current liabilities increased by 16.5% – to UAH 224.032 million. The charter capital of the insurer remained at the level of UAH 187.585 million.
ASKA was founded in June 1990. It is a universal insurance company that provides insurance coverage for 19 voluntary and 20 compulsory types of insurance.
ASKA is a member of SCM Group.
The insurance companies of Ukraine in January-March 2018 collected net premiums in the amount of UAH 8.119 billion, which is 26.7% more than for the same period a year earlier, according to the website of the National Commission for State Regulation of Financial Services Markets. According to the regulator, the volume of gross insurance premiums collected by insurers for the period amounted to UAH 11.619 billion (6.6% more).
The commission notes that an increase in gross insurance premiums occurred for almost all types of insurance: auto insurance (KASKO, OSAGO, Green Card) by UAH 461.2 million, or 20.7%, insurance against fire risks and risks of natural phenomena by UAH 1.046 billion, or 41%, insurance of liability to third parties by UAH 365 million, or 72.2%, credit insurance by UAH 224.8 million, or 3 times, life insurance by UAH 193.8 million, or 30.6%, insurance against accidents by UAH 163.6 million, or 65.9%, medical insurance by UAH 143.8 million, or 18.9%, and medical insurance by UAH 69.9 million, or 40.3%.
The share of net insurance premiums in gross insurance premiums for the first quarter of 2018 rose by 11.1 percentage points from the first quarter of 2017 and amounted to 69.9%.
In January-March of the current year, insurers paid UAH 3.099 billion of net insurance claim fees, which is 37.2% more than in the same period a year earlier. The level of net payments grew from 35.3% to 38.2%.
