In 2024, insurance company PZU Ukraine attracted UAH 2.248 billion in premiums, which is UAH 379 million, or 20%, more than in 2023, according to a press release from the insurer.
According to the company, the largest increase in payments at the end of the year was recorded in the following segments: health insurance – by 37%, or UAH 88 million, MTPL – by 28% (+UAH 138 million), hull insurance increased by 22% (+UAH 80 million), Green Card has an increase of 11% (UAH 54 million), and assistance +10% (UAH 9 million).
The share of MOTPL in the company’s portfolio amounted to 28%, or UAH 637 million of payments, Green Card – 24% (UAH 543 million of insurance premiums), CASCO – 20% (UAH 450 million).
In turn, the share of health insurance in the company’s portfolio amounted to 15%, and the company collected UAH 326 million in payments under these contracts in 2024.
PZU Ukraine’s revenues from other insurance contracts amounted to UAH 291 million, or 13% of total revenues.
In 2024, the total amount of insurance payments amounted to UAH 1.048 billion, which is 49% more than in 2023.
Last year, the company settled insurance claims in the amount of UAH 226 million in the motor hull segment, UAH 327 million in the MTPL segment, UAH 176 million under Green Card contracts, and UAH 235 million in VHI.
In addition, the insurer reports that the financial result before taxation for 2024 amounted to UAH 19 million, according to the auditor’s report.
PZU Ukraine is supported by one of the largest insurance groups in Central and Eastern Europe, PZU Group, which includes the parent company of PZU Ukraine, PZU S.A.
In 2024, PZU Ukraine Insurance Company (Kyiv) collected UAH 2.033 billion in net premiums, which is 83.4% more than in 2023, according to the insurer’s interim data posted in the information disclosure system of the National Securities and Stock Market Commission (NSSMC).
At the same time, written premiums for the reporting period increased by 65.1% to UAH 2.170 billion. UAH 136.9 million was ceded for reinsurance, which is three times more than in the previous year.
In 2024, the company paid claims for UAH 2.205 billion, which is 4.6 times more than in 2023.
Gross loss amounted to UAH 172.013 million, financial expenses – UAH 39.976 million,
Last year, the financial result before taxation amounted to minus UAH 4.635 million, and the net loss was UAH 4.449 million.
PZU Ukraine is supported by one of the largest insurance groups in Central and Eastern Europe – PZU Group, which includes the parent company of PZU Ukraine – PZU S.A.
In January-September 2024, PZU Ukraine Insurance Company (Kyiv) collected UAH 1.645 billion in insurance premiums, which is UAH 331 million, or 25.2%, more than in 2023.
According to the insurer’s information, the largest increase in payments for the period under review occurred in the VHI (+41%), MTPL (+39%), Green Card (+19%) and hull insurance (+18%) segments.
In the first nine months of the year, UAH 307 million of premiums were collected under motor hull insurance contracts, which is 19% of the insurer’s total payments, UAH 411 million (25%) under the Green Card, and UAH 462 million (28%) under MTPL.
In turn, the share of VHI in the company’s portfolio amounted to 15%, with UAH 165 million of premiums collected under VHI policies.
In the first half of 2024, the volume of revenues of IC “PZU Ukraine” under other insurance contracts amounted to UAH 220 million.
IC “PZU Ukraine” is a part of one of the largest insurance groups in Central and Eastern Europe – PZU Group (which includes the parent company of PZU Ukraine – PZU S.A.).
Insurance company “PZU Ukraine” (Kiev) in January-June 2024 settled under contracts of voluntary insurance of motor vehicles (CASCO) 2,2 thousand events, which is 14% more than in the same period a year earlier, the company reports.
The total amount of payments under this type of insurance is UAH 100.7 mln, which is 23% more than in the first half of last year. At the same time, 105 applications have been accepted under CASCO contracts for events that occurred abroad, the amount of payments for events abroad is almost UAH 6 mln. The largest payment for this period under such contract amounted to UAH 1.313 mln. 53% of CASCO cases have been settled within 7 days.
According to the company’s data for 6 months of the current year under contracts of compulsory insurance of motor third party liability of vehicle owners (MTPL) the company settled 5,324 thousand events for the total amount of UAH 156,220 mln. At the same time, 474 insurance cases were considered under the system of direct settlement and payments in the amount of UAH 13.9 mln were made. Through Telegram-bot PZU on KASKO and MTPL contracts 4,811 appeals were accepted.
As for “Green Card” contracts in the period January-June 2024 502 insurance cases were settled for the total amount of UAH 78,7 mln. The largest payment under such contract for the specified period is UAH 2,740 mln.
PZU Ukraine is a part of one of the largest insurance groups of Central and Eastern Europe – PZU Group (which includes the parent company of PJSC IC PZU Ukraine – PZU S.A.).
From January to June 2024, PZU Ukraine Insurance Company (Kyiv) collected UAH 1.067 billion in insurance premiums, which is UAH 323 million or 43.4% more than in the first half of 2023.
According to the insurer, the largest increase in payments in the reporting period was recorded in the MTPL (+67%), VHI (+53%), green card (+46%) and comprehensive insurance (+21%) segments.
In the first half of the year, UAH 194 million in premiums were collected under comprehensive insurance contracts, accounting for 18% of the insurer’s total payments, UAH 259 million (24%) under the Green Card and UAH 304 million (28%) under the MTPL.
In turn, the VHI share of the company’s portfolio amounted to 15%, with UAH 165 million in premiums collected for VHI policies.
In the first half of 2024, the volume of income from other insurance contracts of IC “PZU Ukraine” amounted to UAH 145 million.
PZU Ukraine is part of one of the largest insurance groups in Central and Eastern Europe – the PZU Group (which also includes the parent company of PZU Ukraine – PZU S.A.).
In 2023, PZU Ukraine Insurance Company (Kyiv) collected UAH 1.869 billion in premiums, which is 46.1%, or UAH 589.5 million, more than in 2022, according to a press release from the insurer.
The largest increase in payments over the past year was recorded in the Green Card insurance segment by 2.2 times, or by UAH 266 million, voluntary health insurance (VMI) by 70% (+UAH 100 million) and compulsory motor third-party liability insurance (MTPL) by 55% (+UAH 178 million), voluntary motor vehicle insurance (VMTPL) by 29% (+UAH 83 million), and accident insurance by 9% (+UAH 3 million).
The company also reports that the share of MTPL in its portfolio in 2023 amounted to 27%, or UAH 499.4 million, Green Card – 26%, or UAH 488.9 million, CASCO – 20%, or UAH 368.5 million, VHI – 13%, or UAH 243.3 million, other types of insurance – 14%, or UAH 268.9 million.
In 2023, PZU Ukraine paid out UAH 701.4 million in insurance claims, which is 22% more than in 2022.
In the motor hull segment, UAH 167.4 million, or 24% of total claims, was settled last year, UAH 195.0 million (28%) in MTPL, UAH 109.7 million (16%) under Green Card contracts, 21% of all claims were paid out in VHI and 12% in other types of insurance.
The average period of settlement of insurance claims, from the date of the accident to the date of payment, under MTPL contracts was 37 days, and under hull insurance contracts – 14 days.
The company also reported that, according to the auditor’s report, the financial result before tax for 2023 amounted to UAH 103.8 million.
PZU Ukraine has been operating in the Ukrainian market since 1993. PZU Ukraine is supported by one of the largest insurance groups in Central and Eastern Europe – PZU Group (which includes the parent company of PZU Ukraine – PZU S.A.).
The traditions of the PZU Group date back to 1803, when the first insurance company Powszechny Zakład Ubezpieczeń Spółka Akcyjna (PZU SA) was founded in Poland.
