ARX Life Insurance Company (Kyiv) collected insurance premiums totaling UAH 81.551 million in January-March 2025, which is 3.12% more than in the same period last year. This was reported by Standard-Rating on its website in information about the update of the company’s credit rating/financial stability (reliability) rating at the level of “tsAA” on the national scale.
The amount of payments and reimbursements made by the insurer in the first quarter of 2025 decreased by 10.55% to UAH 15.216 million compared to the same period in 2024. Thus, the insurer’s payment ratio decreased by 2.85 percentage points to 18.66%.
The insurer’s acquisition expenses for the first quarter of 2025 decreased by 1.32% to UAH 42.991 million compared to the same period in 2024.
As of April 1, 2025, the company’s assets increased by 1.07% to UAH 379.145 million, equity grew by 4.80% to UAH 292.194 million, liabilities decreased by 9.74% to UAH 86.951 million, cash and cash equivalents increased by 44.32% to UAH 167.356 million.
Based on the results of the first three months of 2025, the companies received a net profit of UAH 13.395 million.
At the same time, RA notes that as of the reporting date, the insurer had made financial investments in the amount of UAH 202.09 million, consisting of government bonds and government bonds (92.52% of the portfolio) and deposits in banks with an investment-grade credit rating (7.48% of the portfolio).
ARX Life is part of the international insurance holding company Fairfax Financial Holdings Ltd. ARX Life is one of the top ten companies in the life insurance market in Ukraine.
Insurance company “Knyazha Life Vienne Insurance Group” (Kiev) last year collected UAH 60.890 million of insurance payments, which is 5.39% less than in the previous year, reports RA “Standard-Rating” on the website in the information on confirmation of the financial stability rating/credit rating of the company at the level of “uaAA+” at the end of the reporting period.
It is noted that the volume of insurance payments and indemnities made by the company for 2024 amounts to UAH 27,383 mln, that is by 20,29% less than the volume of payments for 2023. Thus, the level of payments of the insurer has decreased by 8,41 percentage points (p.p.), to 44,97%.
Last year the company’s activity was profitable: it received UAH 29,561 mln of net profit
Assets as of January 1, 2025 increased by 14.01%, to UAH 909.017 mln, equity capital – by 11.40%, to UAH 306.321 mln, liabilities increased by 15.38%, to UAH 602.696 mln, cash and cash equivalents – by 71.57%, to UAH 4.296 mln, government bonds and deposits in banks as part of current financial investments – by 13.92%, to UAH 879.676 mln.
RA emphasizes that as of the beginning of 2025 shareholders’ equity covered 50,83% of the insurer’s liabilities, and 0,71% of its liabilities were secured by cash and cash equivalents.
At the same time, as of January 1, 2025 the insurer has formed a portfolio of current financial investments in the amount of UAH 879,676 mln, including bank deposits and investments in government bonds. Thus, as of the beginning of 2025, liquid assets (cash and cash equivalents, bank deposits and government bonds) exceeded the company’s liabilities in 1,47 times.
It is noted that the high level of external support of the company is provided by its shareholder – an international insurance group headquartered in Austria Vienna Insurance Group Wiener Städtische Versicherung AG., which is represented by 50 companies in 30 countries and is the leader of the insurance market in Central and Eastern Europe.
