In January-March 2025, ARX Insurance Company (ARX, Kyiv) collected gross insurance premiums in the amount of UAH 1.313 billion, which is 38.67% more than a year earlier, and net premiums in the amount of UAH 1.261 billion (37.11%).
These statistics are provided on the website of RA Standard-Rating regarding the update of the company’s credit rating/financial stability (reliability) rating at the level of “uaААА” on the national scale based on the results of the first quarter of 2025.
Revenues from individuals increased by 40.33% to UAH 711.167 million, while revenues from reinsurers decreased by 44.65% to UAH 2.967 million. Thus, at the end of the first quarter of 2025, individuals accounted for 54.18% of the insurer’s gross premiums, while reinsurers accounted for 0.23%.
Insurance payments sent to reinsurers in January-March 2025 increased by 91.63% compared to the same period in 2024, to UAH 51.912 million. The share of reinsurance companies in insurance premiums increased to 3.96%.
The volume of insurance payments made by the insurer in the first quarter of 2025 increased by 13.92% compared to the first quarter of 2024, to UAH 491.205 million. Given the higher growth rate of gross premiums compared to insurance payments, the level of payments decreased by 8.14 percentage points, to 37.42%. to 37.42%.
As of April 1, 2025, the company’s assets grew by 6.41% to UAH 5.555 billion, equity increased by 1.99% to UAH 2.686 billion, liabilities increased by 10.90% to UAH 2.869 billion, cash and cash equivalents grew by 41.96% to UAH 1.161 billion.
According to the results of the first three months of 2025, the operating loss amounted to UAH 30.5 million, and net profit amounted to UAH 52.513 million.
The information also reports that as of the beginning of the second quarter of 2025, the insurer made financial investments in the amount of UAH 2.664 billion, consisting of government bonds (73.83% of the investment portfolio) and deposits in banks with an investment credit rating (26.17% of the portfolio). Thus, as of the reporting date, the liquid assets exceeded the liabilities of ARX Insurance Company by 1.33 times.
ARX Insurance Company was established in 1994 and is part of the international insurance holding company Fairfax Financial Holdings Ltd. ARX Insurance Company is one of the five leading insurance companies in Ukraine in terms of premiums collected and payments made. It has been the leader in the CASCO segment of the Ukrainian market for 16 years.
The National Bank of Ukraine has increased limits on corporate card payments abroad. Cash withdrawals of up to UAH 17,500 (equivalent) are now permitted, whereas the previous limit was UAH 12,500.
“The expansion of limits will not have a significant impact on the currency market of Ukraine, given that the increase in demand for foreign currency for corporate card transactions is likely to be offset by a decrease in demand through other, less convenient channels,” the National Bank said on its website on Saturday.
It added that the second easing was an increase in the limit for payments for goods, works, and services with corporate cards abroad from UAH 100,000 to UAH 150,000 per month.
For personal cards, the limits remain unchanged: UAH 12,500 for cash withdrawals per week and UAH 100,000 for non-cash payments.
The NBU clarified that the relevant changes to “military” Resolution No. 18 of February 24, 2022, were introduced by Resolution No. 53 of the regulator’s board on May 9 of this year and came into force on May 10.
In March, the State Tax Service (STS) began actively monitoring money transfers to the bank accounts of Ukrainians who sell goods online. The tax authorities recorded 1.4 million transactions totaling 1.6 billion hryvnia in less than a month. Additional attention was drawn to 11,000 Ukrainians who received more than 50 transfers to their accounts. The average check for such transactions was 1,142 hryvnia.
The Tax Service recorded 1.4 million transactions totaling 1.6 billion hryvnia in less than a month, from March 1 to 20. Eleven thousand people who received more than 50 transfers in 2025 came under scrutiny.
On average, there were 127 transfers per person during this period. However, in some cases, the number of transactions per recipient reached several hundred. At the same time, the average check for such transactions was 1,142 hryvnia.
It should be noted that on March 1, 2025, the State Tax Service (STS) began actively monitoring money transfers to the bank accounts of Ukrainians who sell goods online. The new control tool — access to the RRO data accounting system — allows for the automatic identification of individuals and entrepreneurs who systematically receive funds but are not registered as entrepreneurs or do not use cash registers.
Currently, the STS has not brought such persons to justice. However, the risks for violators are serious. For example, the fine for operating without registration can range from 17,000 to 85,000 UAH with confiscation of property. Additionally, up to 200% of the value of goods or services that were sold without using a cash register.
In general, monitoring covers individuals who regularly receive funds for goods/services (especially through marketplaces or social networks) and sole proprietors who have not registered a cash register, although they are required to do so.
At the same time, the Tax Service does not take into account one-time sales of personal items through OLX or similar platforms or marketplaces.
https://opendatabot.ua/analytics/dps-personal-research
In 2024, the insurance company Ukrainian Insurance Group (Kyiv) collected UAH 3.01 billion in gross premiums, which is 2.49% more than a year earlier.
This is reported on the website of the rating agency Standard-Rating, which affirmed the financial strength rating/credit rating of the insurance company at uaAA+ for the reporting period.
At the same time, revenues from individuals in 2024 decreased by 7.10% to UAH 1.647 billion, and from reinsurers decreased by 30.75% to UAH 7.003 million. At the end of 2024, the share of individuals in the company’s gross premiums amounted to 54.71%, and the share of reinsurers – 0.23%.
Insurance payments sent to reinsurers in 2024 decreased by 4.24% compared to 2023 – to UAH 489.786 million, the participation ratio of reinsurance companies in insurance premiums decreased by 1.15 percentage points to 16.27%.
The company’s net written premiums increased by 3.91% to UAH 2.52 billion, while net earned premiums decreased by 4.18% to UAH 2.442 billion.
The volume of insurance payments and reimbursements made by “USG” in 2024 amounted to UAH 1.532 billion, which is 3.67% more than in 2023. Thus, the level of payments increased to 50.90%.
The RA also reports that the financial loss from operating activities amounted to UAH 53.076 million (UAH 24.6 million a year earlier), net profit was UAH 23.216 million (UAH 109 million).
As of January 1, 2025, the companies’ assets increased by 9.50% to UAH 2.989 billion, equity increased by 4.20% to UAH 622.670 million, liabilities showed an increase of 10.98% to UAH 2.366 billion, and cash and cash equivalents decreased by 72.13% to UAH 231.658 million.
Thus, as of the beginning of 2025, the company had a satisfactory level of capitalization (26.32%), and cash covered 9.79% of its liabilities.
At the same time, the RA notes that as of the reporting date, the insurer has formed a portfolio of financial investments in the amount of UAH 1.665 billion, consisting of government bonds and government bonds (81.66% of the portfolio) and deposits in banks with a high credit rating (18.34% of the portfolio).
As reported, the controlling shareholder of USG Insurance is Vienna Insurance Group, an international insurance group headquartered in Austria, represented by 50 companies in 30 countries and a leader in the insurance market of Central and Eastern Europe.
In January-February 2025, TAS Insurance Group (Kyiv) paid UAH 391.14 million under the concluded insurance contracts, which is 26.7% more than the amount of the company’s indemnities for the same period in 2024.
According to the insurer’s website, 27.6% of the total volume of payments was accounted for by hull insurance (UAH 108.1 million), which is 22.3% more than in January of the previous year, 31.5% or UAH 123.1 million (+10.8%) for MTPL, and 22.8% or UAH 89.2 million (+71.7%) for Green Card.
The share of VHI in the company’s claims portfolio in December amounted to 15.6%, or UAH 61.08 million (+28.1%).
The company paid UAH 9.7 million under other insurance contracts.
TAS Insurance Group was registered in 1998. It is a universal company offering more than 80 types of insurance products in various types of voluntary and compulsory insurance. It has an extensive regional network: 28 regional directorates and branches and 450 sales offices throughout Ukraine.
In 2024, Guardian Insurance Company paid out UAH 509.2 million in indemnities, which is 29.4% more than in 2023, according to the insurer’s website.
It is noted that hull insurance payments increased by 81% to UAH 37 million, while premiums for this type of insurance increased by 58% to UAH 76.2 million.
The company also reports that in 2024, reimbursements under the international Green Card insurance policy increased by 35% to UAH 286.5 million, while premiums amounted to UAH 371.8 million.
Claims under the MTPL insurance policy increased by 15% to UAH 182.4 million last year, with premiums collected amounting to UAH 401.6 million (+10%).
The company allocated UAH 0.5 million (+80%) for medical expenses, while premiums collected amounted to UAH 77.2 million (+28%).
Accident insurance premiums amounted to UAH 27.8 million (+5%).
The amount of payments from customers who chose Guardian Insurance Company in 2024 amounted to UAH 1.06 billion.
Guardian Insurance Company is a member of the Presidium of the League of Insurance Organizations of Ukraine. Since January 2020, it has acquired the status of a full member of the MTIBU and has the right to sell Green Card policies.
In October 2020, by the decision of the general meeting of members of the Nuclear Insurance Pool of Ukraine, Guardian Insurance Company became a member of the pool.
