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.
The Experts Club Analytical Center has released a ranking of Ukraine’s largest insurance companies by premium volume for the first half of 2026, based on data from the “PRIMA” project of the National Association of Insurers of Ukraine.
The top five insurers collected nearly 16 billion UAH in premiums. The TAS Insurance Group retained its lead, but the most notable changes occurred in the fourth and fifth positions: Arsenal Insurance entered the ranking, while VUSO dropped out of the top five.
Overall Ranking of Insurance Companies
The TAS Insurance Group took first place, collecting 3.857 billion UAH in premiums. Compared to January–June 2025, this figure increased by 11.6%.
ARKS remained in second place with premiums totaling 3.146 billion UAH. Its premiums grew by 15.2%.
“Unica” took third place with 3.076 billion UAH. The company demonstrated the highest growth rate among the top three, increasing its premium volume by 23.5%.
“Arsenal Insurance” moved into fourth place, collecting 2.978 billion UAH. A year earlier, it had not been among the top five insurers.
“INGO” took fifth place with premiums totaling 2.934 billion UAH. Its premium income increased by 22.9%, but the company dropped one spot due to the rapid growth of “Arsenal Insurance.”
The gap between fourth and fifth place was only 44 million UAH, indicating intense competition among the largest general insurers.
MTPL Insurance Ranking
The TAS Group remained the largest player in the mandatory motor third-party liability insurance market, collecting 2.112 billion UAH in premiums. Growth compared to the first half of 2025 was 13.4%.
Oranta took second place with 1.569 billion UAH in premiums and 6.5% growth. Knyazha Vienna Insurance Group ranks third with 1.172 billion UAH in premiums, a 2.8% increase over last year’s figure.
Arsenal Insurance took fourth place with 805.3 million UAH. Rounding out the top five is PZU Ukraine, which collected 614.8 million UAH and returned to the ranks of the segment’s leaders.
INGO and USG, which were among the top five a year earlier, dropped out of the ranking. The combined premium volume of the five largest MTPL insurers totaled approximately 6.27 billion UAH.
The MTPL market remains one of the most concentrated segments of the Ukrainian insurance industry.
Companies with a well-developed regional network, a large customer base, and the ability to quickly settle mass insurance claims have a competitive advantage.
“Green Card” Ranking
The most notable changes occurred in the international motor liability insurance market.
PZU Ukraine took first place, more than doubling its premium volume—by 101.8%—to 656.6 million UAH. A year earlier, the company had ranked third.
The TAS Group moved up to second place. Its premiums decreased by 19.9%, to 519 million UAH.
USG took third place, with its premiums declining by 37.6% to 341.6 million UAH. Knyazha Vienna Insurance Group ranked fourth with 194.1 million UAH and growth of 6.7%.
Rounding out the top five was VUSO with 135.7 million UAH, replacing INGO in the ranking.
The combined premiums of the top five totaled approximately 1.85 billion UAH. PZU Ukraine’s surge was the most notable change among all the insurance segments reviewed.
CASCO Ranking
“Arsenal Insurance” became the new leader in the CASCO market, collecting 1.523 billion UAH in premiums. Over the year, this figure increased by 30.1%.
“ARKS,” which previously held first place, moved down to second place with a result of 1.499 billion UAH. Its premiums grew by 15.9%. The gap between the two leaders was only 24 million UAH.
Third place went to “VUSO” with 761.3 million UAH and growth of 25.1%. “Unica” is in fourth place, having increased its premiums by 33.5% to 753.8 million UAH.
“Universalna” took fifth place with premiums totaling 680.3 million UAH, which is 25.3% higher than the result for the first half of 2025.
The five largest companies collected approximately 5.22 billion UAH in the CASCO segment. All companies in the ranking showed double-digit growth, which may be due to rising costs of vehicles, repairs, and spare parts, as well as higher insurance coverage amounts.
Voluntary Health Insurance Ranking
The composition and order of the top five companies in the voluntary health insurance market remained unchanged.
Unica remained the market leader, collecting 1.333 billion UAH in premiums. Growth stood at 7.3%.
“Universalna” took second place with 774.1 million UAH and growth of 30.9%. “INGO” is in third place, having increased its premiums by 36.6% to 714.3 million UAH.
“VUSO” took fourth place with 577.7 million UAH.
The company demonstrated the highest growth rate among the top five—41.8%.
ARKS retained fifth place, collecting 361.9 million UAH, which is 12.4% more than last year’s figure.
The combined premium volume of the top five companies reached 3.76 billion UAH. The segment’s rapid growth is driven by corporate health insurance programs, which employers use to attract and retain employees.
Ranking of Life Insurance Companies
The life insurance market maintains the most stable leadership structure.
MetLife ranks first with premiums totaling 1.599 billion UAH. Over the past year, the company’s premium income grew by 11.4%. It accounts for approximately 57% of the top five companies’ combined premiums.
TAS ranks second with 525.7 million UAH. The company posted the highest growth rate among the segment’s leaders, increasing its premiums by 21.9%.
Grave Ukraine Life Insurance ranks third with 308.7 million UAH and 9.1% growth.
PZU Ukraine Life Insurance ranks fourth, having collected 205.3 million UAH, which is 8.5% more than a year earlier.
Arks Life rounds out the top five with premiums of 175.5 million UAH and growth of 3.9%.
The combined premium volume of the five largest life insurance companies totaled 2.81 billion UAH.
Key Findings from Experts Club
The Ukrainian insurance market maintained a high level of concentration in the first half of 2026. The same companies hold leading positions in several segments at once, but there is no single leader across all segments.
The TAS Group tops the overall ranking and the MTPL market; PZU Ukraine took first place in Green Card insurance; “Arsenal Insurance” has become the leader in comprehensive auto insurance (CASCO), “Unica” retains first place in health insurance, and “MetLife” continues to dominate the life insurance sector.
“Arsenal Insurance” demonstrated the most notable strengthening of its position. It entered the overall top 5, took first place in comprehensive auto insurance, and ranked fourth in compulsory auto liability insurance.
At the same time, the “Green Card” results show that insurers’ positions can change rapidly, even within a single year. PZU Ukraine’s premiums more than doubled, while those of TAS and USG declined significantly.
Premium growth does not always correspond to a comparable increase in the number of policies. A significant portion of this trend may be attributed to rising costs of vehicles, medical services, repairs, and other insured items. To fully assess a company’s position, it is necessary to consider not only premiums but also claims payments, loss ratios, reserves, capital, and the speed of claims settlement.
According to the National Agency for Insurance Supervision (NAIS), as of the end of June 2026, there were 47 insurers operating in the Ukrainian insurance market. Ten companies specialized in life insurance, while another participant—the Export-Credit Agency—held special status.
Insurance Company “Universal” (Kyiv) collected 2.04 billion UAH in insurance premiums from January through June 2026, which is 27% more than during the same period in 2025, according to the insurer’s website.
According to the data, of this total, UAH 678.9 million (+25%) came from comprehensive auto insurance (CASCO), UAH 616.8 million (+36%) from health insurance, UAH 172.9 million (+45%) from compulsory motor third-party liability insurance (OSCPV), UAH 157.3 million (+14%) from accident insurance — 157.3 million UAH (+14%), aviation insurance — 129.9 million UAH (+24%), property insurance — 92.2 million UAH (+11%), travel insurance — 42 million UAH, and other types of insurance — 152 million UAH.
The main shareholder of IC “Universalna” is Fairfax Financial Holdings Limited (Canada)—a holding company that, through its subsidiaries, is primarily engaged in accident insurance, property insurance, and investment management.
The private insurance market collected nearly 1 billion UAH in premiums for products covering war risks in January–March 2026, said Serhiy Nikolaychuk, First Deputy Governor of the National Bank of Ukraine (NBU), at a press briefing on Monday dedicated to the presentation of the Financial Stability Report.
He emphasized that most of these premiums were for comprehensive auto insurance (CASCO), but there are also offerings for businesses, and the government has already launched a mechanism to compensate for losses in high-risk areas and to reimburse insurance premiums in other areas.
As noted in the Report, citing data from the National Association of Insurers of Ukraine, in the first quarter of 2026, premiums collected under risk insurance policies covering war risks accounted for 11% of all risk insurance premiums collected, exceeding the total for the entire previous year.
“Previously, we talked a lot about how to create a war risk insurance system almost from scratch. Now, in fact, we are talking about scaling up existing areas and projects, and in this report—and in general—we are highlighting that the range of war insurance products is constantly expanding,” explained the first chairman of the NBU.
According to him, the NBU sees significant potential in the further development of and increased cooperation with international reinsurers, as well as with international financial institutions operating in this market.
In January–March 2026, Ukrainian insurance companies collected UAH 18.061 billion in net premiums, which is 17.9% more than in the same period of 2024 (UAH 15.322 billion).
According to the National Bank of Ukraine (NBU), the volume of gross insurance premiums collected by insurers during this period amounted to UAH 18.114 billion (+17.6%). In particular, premiums received from individuals reached UAH 11.072 billion (+17.4%), and from reinsurers – UAH 62.8 million, which is almost the same as the figure for the same period in 2025.
Insurers paid out UAH 8.454 billion in net insurance claims in January–March 2026 (+46.4%). Gross insurance claims for the reporting period increased by 46% to UAH 8.473 billion. Insurers paid UAH 4.638 billion to individuals (+35.2%) and UAH 41.1 million to reinsurers (+33%).
According to the NBU, the volume of insurance premiums attributable to reinsurers amounted to UAH 1.962 billion (+24.7%), including UAH 1.908 billion (+28.3%) to non-resident reinsurers.
The volume of technical insurance reserves increased to UAH 50.392 billion (+30.3%), and eligible assets – to UAH 88.636 billion (+27.8%).
The regulator also reported that during this reporting period, the number of insurance contracts concluded decreased to 5.165 million (-11.1%) compared to the first quarter of last year.
According to the NBU, the total number of insurance companies in Ukraine as of April 1, 2026, was 57 (Q1 2025 – 63, Q1 2024 – 98), of which 10 were life insurance companies.
Insurance company Quorum (Kyiv) collected net insurance premiums totaling UAH 60.4 million in 2025, which is 23.2% more than in 2024, while gross premiums amounted to UAH 63.4 million (-8.72%).
This was reported by the rating agency (RA) “Standard-Rating” in its announcement regarding the update of the company’s credit rating/financial stability rating on the national scale to “uaAA.”
The rating assessment was updated based on an analysis of the company’s performance for the specified year.
Revenues from individuals to the insurance company decreased by 26.34% to UAH 30.875 million; there were no revenues from reinsurers. The share of individuals in gross premiums for the year amounted to 48.70%.
Insurance premiums ceded to reinsurers amounted to UAH 3.023 million, which is 85.21% less than in the previous year. Thus, the reinsurers’ share of insurance premiums decreased by 24.67 percentage points to 4.77%.
The volume of insurance payments and claims settled by the company in 2025 increased by 20.16% compared to 2024, reaching UAH 10.518 million. Meanwhile, the claims ratio rose by 3.99 percentage points to 16.59%.
Quorum Insurance Company’s operating profit for the past year amounted to UAH 6.494 million, with net profit at UAH 7.015 million.
As of December 31, 2020, the insurer’s assets grew by 16.00% to UAH 81.080 million, equity by 11.40% to UAH 68.419 million, liabilities by 49.39% to UAH 12.661 million, cash and cash equivalents – by 11.34%, to UAH 55.507 million.
Insurance Company “Quorum” was established in March 2014 and specializes in risk insurance.
