PJSC “Odessa Regional Insurance Company” in January-September 2022 collected insurance premiums in the amount of UAH 2.922 million, which is 78.7% less than in the same period a year earlier.
The rating agency (RA) “Standard-Rating” reported in the information about updating the credit rating / rating of financial stability of the company on the national scale at the level of “uaA +” for 9 months. 2022.
Receipts from individuals during this period decreased by 52.26% to UAH 992 thousand, and there were no receipts from reinsurers. Thus, according to the results of nine months of 2022, the share of individuals in the gross premiums of the insurer amounted to 33.95%, and legal entities dominated the company’s client portfolio.
According to the results of the first three quarters of 2022, they showed a downward trend. Thus, the insurer’s net premiums decreased by 78.51% to UAH 2.922 million, and earned premiums – by 44.98% to UAH 6.454 million.
The volume of insurance payments and indemnities made by the company for the nine months of 2022 compared to the same period in 2021 decreased by 86.08% to UAH 168 thousand, and the level of payments decreased by 05 o.p. up to 5.75%.
The company’s operating profit for the nine months of 2022 compared to the same period in 2021 decreased by 67.75% to UAH 7.651 million, while net profit decreased by 42.70% to UAH 16.164 million.
The insurer’s assets increased by 8.96% to UAH 113.913 million, equity increased by 25.01% to UAH 80.783 million, liabilities decreased by 17.02% to UAH 33.13 million, cash and cash equivalents increased by 26.60% to UAH 49.408 mln.
At the same time, as of October 1, 2022, the company formed a portfolio of investments in government bonds in the amount of UAH 28.655 million, which had a positive effect on the provision of the insurer with liquid assets, which in total were 2.36 times.
Odessa Regional Insurance Company was registered in 2000 and specializes in risky types of insurance.
