In January-September 2025, the insurance company Universal (Kyiv) collected UAH 2.410 billion in gross insurance premiums, which is 27.3% more than in the same period of 2024, according to the website of the rating agency Standard Rating.
The agency updated the credit rating/financial stability (reliability) rating of Universal Insurance Company at “uaAAA” on the national scale based on an analysis of its performance during the specified period.
According to the published data, revenues from individuals increased by 34.70% to UAH 1.127 billion, while revenues from reinsurers, on the contrary, decreased by 57.71% to UAH 3.489 million. Thus, based on the results of the first nine months of 2025, legal entities prevailed in the company’s client portfolio.
Premiums ceded for reinsurance in the first nine months of 2025 increased by 35.02% compared to the same period in 2024, reaching UAH 122.285 million. Thus, the reinsurers’ share in insurance premiums increased by 0.28 p.p. to 5.07%.
The insurer’s net premiums increased by 26.96% to UAH 2.288 billion, while net earned premiums showed an increase of 30.13% to UAH 2.062 billion.
The volume of insurance payments made by IC Universal in January-September 2025 increased by 35.24% compared to the same period in 2024 and amounted to UAH 831.348 million. Thus, the payout ratio increased by 2.01 percentage points to 34.49%.
According to RA data, based on the results of the first three quarters of 2025 compared to the same period in 2024, the company’s operating profit increased by 15.42% to UAH 214.194 million, and net profit increased by 24.22% to UAH 228.781 million.
As of October 1, 2025, the insurer’s assets grew by 18.37% to UAH 2.304 billion, equity capital increased by 23.48% to UAH 1.203 billion due to an increase in retained earnings, liabilities increased by 13.24% to UAH 1.101 billion, cash and cash equivalents decreased by 1.13% to UAH 569.150 million.
As of the reporting date, the insurer’s equity exceeded its liabilities by 9.28%.
The agency also notes that the company formed a portfolio of current financial investments in liquid instruments in the amount of UAH 1.533 billion, which consisted of bank deposits (UAH 1.371 billion) and government bonds (UAH 162.500 million). Thus, as of the beginning of the fourth quarter of 2025, cash and cash equivalents covered 51.70% of the liabilities of PrJSC “IC ”Universalna,” while liquid assets (cash, bank deposits, and government bonds) exceeded the insurer’s liabilities by 1.91 times.
As reported, the main shareholder of IC “Universal” is Fairfax Financial Holdings Limited (Canada), a holding company that, through its subsidiaries, is primarily engaged in accident insurance, property insurance, and investment management.
Cement manufacturer Podilsky Cement received UAH 594 million in net profit in January-June 2025, compared to UAH 805.4 million in net loss for the same period in 2024.
According to information on the company’s website, income from ordinary activities in the first half of this year increased by 19% compared to the same period in 2024 and amounted to UAH 2.9 billion. Gross profit grew by 27.1% and reached UAH 1.13 billion.
According to the company, its uncovered loss in January-June 2025 increased by 6% to UAH 10.4 billion. Current liabilities in the reporting period decreased by 14.5% to UAH 6.4 billion, while long-term liabilities increased slightly by 0.9% to UAH 13.2 billion. The total assets of the company in the first half of the year decreased by 13.4% to UAH 10.1 billion.
According to the National Securities and Stock Market Commission (NSSMC), as of the first quarter of 2025, the sole shareholder of Podilsky Cement JSC is the Dutch company CRH Ukraine B.V. (100%).
Podilsky Cement JSC is part of the CEMARK group of cement manufacturers and the CRH group of building materials manufacturers.
CRH is a leading manufacturer of building materials in the world and the largest in North America and Europe. It has 3,200 enterprises in 28 countries, employing approximately 71,000 people.
The company also has a presence in Asia. CRH’s American depositary shares are listed on the New York Stock Exchange.
TAS Dniprovagonmash LLC (DVM, Kamianske, Dnipropetrovsk region), controlled by the TAS financial and industrial group of businessman Serhiy Tihipko, ended January-September 2025 with a loss of UAH 23.7 million, while for the same period in 2024, net profit amounted to UAH 53.9 million.
According to the company’s published interim financial statements, the company’s net income increased by 16.3% to UAH 1 billion 486.5 million.
The company reduced its gross profit by 32.6% to UAH 92.3 million, incurring a loss of UAH 13.7 million from operating activities, compared to a profit of UAH 67.6 million in January-September 2024.
As reported, in the first half of this year, the company incurred a loss of UAH 39.6 million (a year earlier, it had a net profit of UAH 18.8 million) due to a 29.5% decrease in revenue to UAH 561.2 million.
Thus, TAS Dniprovagonmash ended the third quarter of this year with a net profit of almost UAH 16 million, which is 54.4% less than in the same period last year, while net revenue increased by 92.2% to UAH 925.2 million.
The plant notes that in the third quarter, exports accounted for 38.4% of sales, with rolling stock supplied to Lithuania and Croatia.
According to the report, in the third quarter of this year, the plant produced 159 freight cars (compared to 139 in the same period of 2024), with an average selling price of UAH 2,530,900 (compared to UAH 2,782,800 in the second quarter).
The company does not provide the total number of cars produced in nine months, but based on quarterly data, 542 cars were produced, which is 19% more than in the same period last year (456 cars).
TAS Dniprovagonmash’s share in the total production of freight cars in Ukraine in July-September was 90% (in the first quarter – 25.8%, in the second – 46%), and its main competitors remain the Kryukiv Railway Car Building Works (which did not produce freight cars in the third quarter), the Karpaty Research and Mechanical Plant, and Ukrzaliznytsia enterprises.
The plant’s production capacity was utilized at 25% in the second quarter, and its equipment at 29%.
As of the beginning of October this year, the company employed 708 people.
As reported, TAS Dniprovagonmash, which has the capacity to produce 9,000 railcars per year, increased its sales of freight railcars by 63.7% in 2024 compared to 2023, to 606 units, and production by 59.2%, to 602 units.
Last year, the plant increased its net profit by 31.6% to UAH 62.3 million and its net income by 61.8% to UAH 1 billion 743.7 million.
The TAS Group is one of the largest financial and industrial groups in Ukraine, operating in the banking sector, insurance, railcar manufacturing, metallurgy, logistics, agriculture, food industry, packaging materials production, and real estate.
In the third quarter of 2025, the state-owned Oschadbank received UAH 4.19 billion in net profit, which is 38.6% more than in the same period of 2024, while pre-tax profit increased by 7.1% to UAH 5.69 billion.
According to the bank’s financial statements on its website, net interest income increased by 31.8% to UAH 8.19 billion, while net commission income increased by 25.5% to UAH 2.07 billion.
At the same time, Oschadbank incurred a loss of UAH 0.2 billion from transactions with financial instruments at fair value in the third quarter, compared to a profit of UAH 1.37 billion in the same period of 2024, while foreign currency transactions, as in the previous year, brought in UAH 0.29 billion.
Overall, the bank’s operating income for July-September increased by 17.9% to UAH 11.58 billion, while employee compensation expenses increased by 26.4% to UAH 2.70 billion, and other administrative and operating expenses increased by 35.1% to UAH 2.37 billion.
According to the report, the volume of loans provided to the bank’s customers has grown by 10.2% since the beginning of the year, to UAH 148.16 billion.
It is noted that in the third quarter, the bank continued to grow its loan portfolio in the corporate, SME, and retail segments, in particular within the framework of the “Affordable Loans 5–7–9%” and “єОселя” mortgage lending programs. As of September 30, 2025, the gross value of loans provided under the “єОселя” program amounted to UAH 10.79 billion, compared to UAH 8.57 billion at the end of 2024.
Overall, in the first nine months of 2025, the bank increased its net profit by 17.3% to UAH 13.88 billion, which allowed it to reduce its uncovered loss by 2.5 times to UAH 6.93 billion. As a result, since the beginning of the year, Oschadbank’s equity capital has grown by 28.8% and amounted to UAH 44.6 billion as of September 30, 2025, while total assets during this period increased by 6.6% to UAH 456.73 billion.
According to the NBU, as of September 1, 2025, Oschadbank ranked second among 60 banks in Ukraine with assets of UAH 452.24 billion.
Kyiv Electric Locomotive Repair Plant (KEVRZ), part of Ukrzaliznytsia, reported a net profit of UAH 37.1 million in January-September 2025, compared with a loss of UAH 1.5 million in the same period of 2024.
According to the company’s interim financial report published in the NSSMC’s information disclosure system, its net income for the first nine months grew by 66.2% to UAH 1.138 billion.
The plant received UAH 86 million in gross profit compared to UAH 32 million a year earlier, receiving UAH 47.7 million in profit from operating activities compared to UAH 0.86 million.
According to the plant, in the first half of this year, it received almost UAH 19 million in net profit, compared to a loss of UAH 6.2 million in January-June 2024, with net income growing by 41.2% to UAH 692.3 million.
Thus, KEVRZ ended the third quarter of 2025 with a net profit of UAH 18.2 million, almost four times more than in July-September 2024, and net income increased 2.3 times to UAH 445.5 million.
The plant notes that during the reporting period, it sold 36 repaired electric locomotive sections for UAH 1 billion (19 sections in the first half of 2025), 157 wheel sets for UAH 70.2 million, and 309 electric machines for UAH 51.7 million.
KEVRZ was founded in 1868. It specializes in the overhaul of electric trains for Ukrainian railways, the repair of units and assemblies, electric machines, electric motors, and wheel sets, and the manufacture of spare parts.
The plant ended 2024 with a net profit of UAH 16.1 million, which is 31.3% less than in the previous year, with a slight decrease in revenue to UAH 1 billion 268 million. It sold 40 electric sections, 177 wheel sets, 623 traction motors, and auxiliary machines.
JSC Dnipro Switch Factory (DnSZ, Dnipro), a major Ukrainian manufacturer of switches for main railway tracks, increased its net profit by 69.6% in January-September 2025 compared to the same period in 2024, to UAH 503.16 million.
According to the financial results report on the company’s website, net sales revenue for this period decreased by 2.7% to UAH 1 billion 542.5 million.
DnSZ received UAH 625.3 million in profit from operating activities (50% more), and gross profit amounted to UAH 657.1 million (+8.2%).
As reported, in the first half of 2025, the plant increased its net profit by 2.2 times compared to the same period in 2024, to UAH 249.2 million, with revenue growing by 24.2% to UAH 796.7 million.
Thus, in the third quarter of 2025, DnSZ increased its net profit by 39.3% compared to July-September 2024, to UAH 254 million, while net income decreased by 21%, to UAH 745.8 million.
Founded in 1916, Dnipro Railway Switch Plant currently manufactures various types of railway switches for mainline and industrial transport, subways, as well as track superstructure elements. It has a full production cycle, including its own design bureau.
The plant ended 2024 with a consolidated net profit of UAH 540.41 million, which is 6% more than in 2023, of which 78% (UAH 420 million) was allocated to dividend payments. Consolidated revenue grew by 77% to UAH 1.79 billion.
According to the company’s report on its website, unconsolidated net profit increased by 6.7% to UAH 544.22 million, with revenue growing by 31.1% to UAH 2.346 billion.
The share of exports in 2024 was 5.6%. Products were shipped to Georgia, Azerbaijan, Moldova, Bulgaria, Germany, and the Baltic states.
