Business news from Ukraine

Business news from Ukraine

“Ukrainian Insurance Group” Increased Its Net Profit by 2.5 Times

PJSC “Ukrainian Insurance Group” (Kyiv) collected 1.807 billion UAH in net premiums in January–June 2026, which is 28.1% more than in the same period of 2025, according to the insurer’s interim data published in the disclosure system of the National Securities and Stock Market Commission (NSSMC).

At the same time, gross premiums for the reporting period increased by 0.6% to 1.932 billion UAH. A total of 244.7 million UAH was ceded to reinsurers, which is 26.3% more than in the first half of 2025.

During the reporting period, the company made claims payments totaling 894.1 million UAH, which is 37.6% more than in the first six months of 2025.
Gross profit amounted to 787.2 million UAH (+16%).

Operating profit was 148.4 million UAH, whereas for the same period a year earlier, operating profit was 19.6 million UAH, profit before tax was 265.1 million UAH (2.5 times higher), and net profit was 217.3 million UAH (+2.5 times).
The controlling shareholder of “IC “USG” is the 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.

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“PZU Ukraine” Nearly Doubled Its Net Profit in First Half of Year

PJSC “Insurance Company PZU Ukraine” (Kyiv) collected 1.834 billion UAH in net premiums in January–June 2026, which is 59% more than in the same period of 2025 (1.153 billion UAH), according to the insurer’s interim data published in the NSSMC’s disclosure system.

Written premiums for the first half of the year rose by 60.9% to 1.852 billion UAH.
During the reporting period, the company paid out claims totaling 1.785 billion UAH, which is 61.8% more than in the first half of the previous year.

Profit before taxes amounted to 263.6 million UAH (+84%), and taxes paid totaled 35.230 million UAH (+39.2%).
The insurer’s net profit for the first two quarters of 2026 amounted to 228.4 million UAH, which is 93.6% more than in the same period a year earlier.

PZU Ukraine Insurance Company is backed by one of the largest insurance groups in Central and Eastern Europe—the PZU Group, which includes the parent company of PZU Ukraine Insurance Company (PrJSC)—PZU S.A.
According to data from the National Bank, PZU Ukraine ranks 10th in terms of premiums written for 2025 among Ukraine’s non-life insurers (47 companies).

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Life insurance payouts in Ukraine exceeded 1 bln UAH

The portfolio of new life insurance contracts written by companies in Ukraine for January–June 2026 exceeded last year’s results by 5%, generating a total of 664.7 million UAH, according to the website of the National Association of Insurers of Ukraine (NASU).

“A key feature of this period was the positive trend in stable cash flows. Ukrainians continue to show active interest in savings-oriented financial solutions,” the report notes.

In addition, regular premiums paid by customers under existing long-term policies increased by 12%. At the same time, significant progress was observed in the single-premium segment, which grew by 20%.

NASU also notes that during the reporting period, life insurance payouts rose by 33%, surpassing the 1 billion UAH mark. Of this amount, 66% consisted of payouts upon policy maturity (payouts for the “survivorship” risk), which is 41% more than a year earlier.

“This surge is entirely predictable: financial institutions are consistently fulfilling their commitments under traditional agreements concluded more than two decades ago. Upon receiving their preserved capital along with accumulated investment income, Ukrainians often reinvest this money in new insurance products,” the report states.

NASU also reports that for the first half of 2026, the ranking of life insurers by premiums collected is as follows: MetLife Insurance Company – 1.599 billion UAH (1.436 billion UAH); TAS Insurance Company – 525.7 million UAH (431.4 million UAH); “Grave Life” – 308.7 million UAH (283 million UAH); “PZU Life” – 205.3 million UAH (189.2 million UAH); “Arks Life” – 175.5 million UAH (168.9 million UAH).

Ranking by payouts: “MetLife” – 358 million UAH; TAS Insurance Company – 267.5 million UAH; “Grave Ukraine Life Insurance” – 240.3 million UAH; PZU Life – 43.1 million UAH; “Arks Life” – 37.3 million UAH.

As previously reported, as of July 1, 2026, there were 10 life insurance companies operating in Ukraine.

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“Express Insurance” Increased Payouts by 56% in June

In June 2026, “Express Insurance” paid out 64.2 million UAH in insurance claims, which is 56.3% more than during the same period in 2025, according to the company’s website.

Under comprehensive auto insurance (CASCO) policies, customers were reimbursed 48.5 million UAH, which is 50.7% higher than in June 2025. At the same time, the number of settled insurance claims under CASCO policies decreased by 13.7%.
The company notes that in June it observed a trend toward a significant increase in the average insurance payout, reflecting the continued rise in the cost of vehicle repairs. Specifically, the average cost of settling a single insurance claim under CASCO policies rose by 74.6% compared to June of last year.

Payouts under MTPL policies showed significant growth: in June 2026, they totaled 15.2 million UAH—78.6% more than during the same period last year.
Unlike CASCO, the growth in payouts in this segment was driven by a 16.7% increase in the number of settled claims, as well as a higher average cost of compensation paid to victims (+53.1%).

For other types of insurance, clients received 546.2 thousand UAH in payouts, which is 34.1% more than in June of last year.
Express Insurance was founded in 2008. It is part of the UkrAVTO group of companies. It specializes in auto insurance.

The company has over 300 insurance agents throughout Ukraine and is actively expanding its network of partner auto service centers.

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