Providna Insurance Company (Kyiv) collected UAH 734.7 million in gross premiums in January-September 2022, which is 23.3% less than the volume for the same period a year earlier, according to the information of the company posted in the information the basis of the National Commission for Securities and the Stock Market (NKTSBFR).
At the same time, it is noted that during the reporting period, the company collected UAH 734.7 million in net premiums (-9.9%). At the same time, premiums transferred to reinsurance increased by 33.8% to UAH 5.309 million
For 9 months In 2022, the company paid UAH 371,167 million, which is 14% less than in the same period a year earlier.
Gross profit increased by 12.5%, to UAH 290.443 million, administrative expenses by 2.4%, to UAH 43.673 million, financial result from operating activities increased by 87%, to UAH 144.946 million, net profit increased by 75.5%, to UAH 130.503 million
The key shareholder of PrJSC IC Providna is IIC Ukraine BV (Netherlands), which owns 99.999692% of the shares of the insurer, and the ultimate beneficial owner is Willem Jakob Westerlaken.
The uncovered loss of Providna Insurance Company (Kyiv) in 2020 decreased by 16%, to UAH 486.637 million, follows from the agenda of the shareholders’ meeting on April 16, promulgated in the information disclosure system of the National Securities and Stock Market Commission.
According to the statement, the company’s net profit in 2020 amounted to UAH 93.731 million against a net loss of UAH 21.889 million in 2019. The company’s shareholders plan to keep the net profit unallocated.
The company also said that as of December 31, 2020, its assets increased by 24.6%, to UAH 715.310 million, cash and their equivalent decreased 60%, to UAH 59.053 million, equity capital increased by 48.3%, to UAH 292.178 million, accounts receivable increased by 35.1%, to UAH 215.044 million.
The company’s long-term liabilities over the year increased by 6.8%, to UAH 375.913 million, current by 86.9%, to UAH 47.219 million.
Providna Insurance Company (Kyiv) for the first nine months of 2018 reduced collection of insurance premiums by 5.8% compared to the same period in 2017, to UAH 616.6 million.
According to the insurer’s website, for the specified period payments to customers amounted to UAH 362.2 million.
More than half of all collected premiums fell on voluntary medical insurance contracts, which amounted to UAH 342.6 million.
Insurance payments under voluntary medical insurance agreements for the nine months amounted to UAH 181.1 million. More than 146,400 insurance cases were settled.
To further improve the quality of customer service, the company opens up new medical assistance sites in the regions, continuing the implementation of the strategy to increase its presence in the Ukrainian market of voluntary medical insurance.
Providna Insurance Company has been working in the insurance market of Ukraine since 1995. It offers more than 80 insurance products on compulsory and voluntary types of insurance to individuals and legal entities.
