Prestige Insurance Company (Kyiv) plans to increase its authorized capital to UAH 49 million through an additional issue of shares worth UAH 27 million.
According to the information disclosure system of the National Securities and Stock Market Commission (NSSMC), this issue is on the agenda of the company’s shareholders’ meeting scheduled for August 30, 2023.
The company plans to place 27 thousand shares of the company with a par value of UAH 1 thousand.
At the same time, it is specified that the participants in the placement are the shareholders of IC Prestige PrJSC as of August 30, 2023: Yevhen Bridun, Ihor Bridun, Yuriy Myronchuk, and Svitlana Atamas.
As reported, Yevhen Breedun owns 88.01% of the company’s shares, and Ihor Breedun owns 9.986%.
Prestige Insurance Company was established in 2012. The company has 14 licenses for voluntary and 11 licenses for compulsory insurance.
The company completed the first quarter of this year with net written premiums of UAH 11.773 million, which is 3.6% less than in the same period a year earlier. Gross written premiums for the first quarter decreased by 18% to UAH 15.5 million, while ceded premiums to reinsurers increased by 4.3% to UAH 5.6 million.
In the first quarter of this year, the company paid out UAH 2.6 million (-19.1%). Administrative expenses increased to UAH 820 thousand (+16.5%), and sales expenses increased to UAH 8.238 million (+3.2%).
Financial result before tax amounted to UAH 476 thousand (-15.3%), net profit – UAH 15 thousand (-44.5%).
The authorized capital is UAH 22 million.
PJSC “Insurance company “Prestige” (Kiev) has finished January-March this year with net premiums of UAH 11.773 million, which is 3.6% less than during the same period a year earlier, according to the insurer in the information disclosure system of the National Commission on Securities and Stock Market (NKTSBFR).
According to it, the gross premiums of IC for the first quarter decreased by 18%, to 15,5 mln UAH, transferred to reinsurers increased by 4,3% – to 5,6 mln UAH.
The company paid out UAH 2,6 mln (-19,1%) in the Q1 of the current year. Administrative expenses increased to UAH 820 ths (+16.5%), and sales expenses increased to UAH 8.238 mln (+3.2%).
Pre-tax financial result made UAH 476 th. (-15.3%), net profit – UAH 15 th. (-44.5%).
Private JSC “IC “Prestige” has been established in 2012. Shareholders are individuals – citizens of Ukraine. The company has 14 licenses for voluntary insurance and 11 licenses for obligatory insurance.
President of Ukraine Volodymyr Zelensky announced his desire to increase the prestige of Ukrainian citizenship in the international arena.
He made the corresponding statement during his speech at the forum “Ukraine 30. International Politics” on Monday.
“My position as the President of Ukraine is very simple: every citizen of Ukraine who is outside our state should feel support and feel protected. Our common ambitious goal is the high prestige of Ukrainian citizenship and Ukrainian passport in the world. The prestige of a Ukrainian passport is confidence in your state when you find yourself in a difficult situation abroad,” Zelensky said.
He also said that in the event of such a situation, the state apparatus must act quickly and clearly, in order to promptly provide assistance to its citizens in other countries.
“The prestige of a Ukrainian passport is also an opportunity to travel freely around the world,” Zelensky said.
In addition, the president pointed out the need to maintain and develop ties between the state apparatus in Ukraine and the Ukrainian diasporas in different countries.
“The Ukrainian community in the world is always visible, heard, and this is wonderful,” Zelensky said.
