TAS Insurance Group (Kyiv) collected 3.857 billion UAH in insurance premiums from January through June 2026, an increase of 11.6% compared to the same period in 2025.
According to the insurer’s website, premiums for comprehensive auto insurance (CASCO) in the first six months of 2026 accounted for 14.97% of total premiums, or 577.3 million UAH (+19.8%); premiums for mandatory auto liability insurance (OSCPV) accounted for 54.8%, or 2.112 billion UAH (+13.4%); and for the “Green Card”—13.5%, or 519 million UAH.
Under voluntary medical insurance (VMI), TAS Insurance Group collected UAH 251.8 million in premiums in January–June, or 6.53% of the total, which is 67.6% more than the corresponding figure for last year; under property insurance contracts—UAH 62.34 million (+34.4%).
Under other policies, TAS Insurance Group collected insurance premiums totaling 334.5 million UAH in January–June of this year—25.2% more than last year.
As previously reported, TAS Insurance Group paid out UAH 2.141 billion under insurance contracts in January–June 2026, which is 66% more than during the same period in 2025.
Comprehensive auto insurance (CASCO) accounted for 19.72% of total payouts, or 422.5 million UAH (31.6% more than in the first six months of 2025); mandatory third-party liability insurance (MTPL) accounted for 49.8%, or 1.066 billion UAH (2.5 times more); and “Green Card” insurance accounted for 16.5%, or 353.1 million UAH (+9.9%).
Voluntary medical insurance (VMI) accounts for 28% of the company’s claims portfolio, or 239.1 million UAH (+11.2%). Meanwhile, under property insurance policies, the company paid out 18.3 million UAH, which is 3.1 times more than the corresponding figure a year ago.
Under other insurance contracts, TAS Insurance Group paid out 45.54 million UAH in January–June of this year—62.1% more than a year ago.
TAS Insurance Group was registered in 1998. It is a universal insurer offering over 80 types of insurance products across various categories of voluntary and mandatory insurance. It has an extensive regional network: 28 regional directorates and branches and 450 sales offices throughout Ukraine.
TAS Dniprovagonmash LLC (DVM, Kamyanske, Dnipropetrovsk Oblast), controlled by the “TAS” financial and industrial group owned by businessman Serhiy Tihipko, ended the January–June 2026 period with a loss of 87.2 million UAH, which is 2.2 times higher than the corresponding figure for the first half of 2025.
According to the company’s published interim financial statements, its net revenue decreased by 44.3% to 312.7 million UAH.
The company reported a gross loss of 5.7 million UAH, whereas a year ago it had recorded a gross profit of 48.3 million UAH; the loss from operating activities doubled to 68.4 million UAH.
According to the financial statements, in the second quarter of this year, “TAS DVM” incurred a loss of 47.6 million UAH, which was more than double the loss recorded in April–June 2025, amid a 13% decline in net revenue to 240 million UAH.
As previously reported, in the first quarter of this year, the plant saw its net revenue drop by nearly four times compared to the same period in 2025—to 72.73 million UAH, while its loss increased 2.4-fold, to 39.67 million UAH.
According to the company, in the second quarter of this year, it produced 76 freight cars, compared to 202 units during the same period last year (38 units and 181 units in the first quarter, respectively), and the average selling price of the cars was 2.348 million UAH (2.78 million UAH last year).
The main customers in Ukraine were Alfa-Capital Bozhkivsky Elevator LLC, Oval LLC, Ukrsilko, and TAS Poltavvagon.
The total value of exports amounted to 4.4 million UAH (1.8% of sales volume), while in April–June 2025 it reached 222.8 million UAH (80.8%) due to a large contract to supply railcars to the Lithuanian company LTG Cargo.
“In the second quarter of 2026, the freight base for rail logistics in Ukraine showed a downward trend, which in turn continued to dampen demand for newly built freight railcars,” the report notes.
In addition, among the factors hindering railcar production in Ukraine are massive rocket attacks, which have significantly impacted the energy sector, transportation, and port infrastructure, as well as an increase in rolling stock turnaround time due to a shortage of traction rolling stock at Ukrzaliznytsia resulting from significant wear and tear.
The plant notes in its report that the value of contracts signed but not yet fulfilled as of the end of the reporting period amounts to 427.2 million UAH (excluding VAT), and the expected profit from their fulfillment is 19.2 million UAH.
As of early July of this year, the company employed 544 people (748 people last year).
“TAS Dniprovagonmash,” which has the capacity to produce 9,000 railcars per year, reportedly offers the widest range of freight railcars among domestic manufacturers (more than 160 models) and also produces steel structures, railcar bogies, spare parts, and equipment for the agricultural sector.
As previously reported, in 2025, the company reduced its production of freight cars by 8.6% compared to 2024—to 550 units—and sales by 8.2%, to 556 units. The company incurred a loss of 151.4 million UAH, whereas in 2024, net profit amounted to 62.2 million UAH, and net revenue decreased by 12% to 1.54 billion UAH.
LOSS, PRODUCTION, railcar, REVENUE, TAS
The TAS Group has begun actively investing in real estate development and is carrying out major construction projects in Kyiv, according to the group’s founder, Serhiy Tihipko.
He said the group has begun construction of 220,000 square meters in Obolon and has purchased an additional 5 hectares for this project.
“In 2027, we will begin construction of 350,000 square meters on the Left Bank. This is a fairly large investment,” said Tigipko.
Thus, real estate development is becoming one of the group’s key investment areas, alongside the financial sector and agribusiness.
Such projects are important for Kyiv’s real estate market, as they can increase the supply of residential and commercial space in major districts of the capital. At the same time, real estate development remains a capital-intensive sector that is sensitive to demand, construction costs, the availability of financing, and changes in the population’s purchasing power.
The TAS Group was previously known primarily as a financial and industrial group; however, its active construction of large-scale projects demonstrates an expansion of its interests into real estate and urban development.
The TAS Group plans to invest $250–300 million in the authorized capital of banks, insurance companies, and other financial sector assets, according to the group’s founder and chairman, Serhiy Tihipko.
According to him, the group is the largest private Ukrainian owner in the financial sector and intends to continue strengthening its position.
“Today, we are the largest among private Ukrainian owners in the financial sector. And we are gaining momentum here. Therefore, whether we like it or not, we will have to invest in authorized capital. I think we’ll invest somewhere between $250–300 million just to increase authorized capital,” said Tigipko at the Concorde Capital investment conference in Kyiv.
The group also continues to consider deals to acquire financial assets. Tigipko reported that TAS was interested in acquiring the insurance company MetLife, but was beaten to it by Poland’s PZU.
“That’s okay, we’ll wait. I told Richard Branson: deals are like a bus—one leaves, another comes. We’ll wait for the next one,” he noted.
The financial division of the TAS Group includes, among others, TAScombank, Universal Bank (which operates the mono platform), and Idea Bank. For the group, further capital increases at its banks and insurance companies mean strengthening its market presence, where—following the war and sector consolidation—the importance of large private players may grow.
The TAS Group is considering investments in logistics and port infrastructure, but is taking a cautious approach to this sector for now, according to the group’s founder, Serhiy Tihipko.
He said he personally visited Chornomorsk to explore investment opportunities.
“I can say that I’m not particularly fond of this sector: in my view, it’s overvalued; everyone has gotten used to the abnormally high rates that were in place at the start of the war. That won’t happen again,” said Tigipko.
In his assessment, some assets in logistics and ports may be overvalued due to the high rates that emerged at the start of the full-scale war amid a capacity shortage and the restructuring of export routes.
At the same time, TAS’s interest in logistics seems logical given the group’s presence in the agricultural sector, industry, and other sectors where transportation, storage, export infrastructure, and access to ports are crucial.
Tigipko emphasized that the group is constantly analyzing new projects and waiting for suitable opportunities for deals.
“We’re sitting and waiting for a good, big catch,” he noted.
The TAS Group plans to invest $250–300 million in the authorized capital of banks, insurance companies, and other assets it holds in the financial sector, It also aims to expand its land bank and strengthen its grain storage operations in the agricultural sector, is actively investing in real estate development, and is exploring opportunities in logistics and port infrastructure, according to the group’s founder and head, Serhiy Tihipko.
“We are currently the largest private owner in the Ukrainian financial sector. And we are accelerating our pace here. Therefore, whether we want to or not, we will have to invest in authorized capital. “I think we’ll invest somewhere between $250 million and $300 million just to increase authorized capital,” said Tigipko at the Concorde Capital investment conference, which the investment firm held for the first time since 2019 last week in Kyiv.
“As for everything else, we’ll explore options. We’re interested in agriculture. We’d be happy to buy 20–25 thousand hectares right now. We’re expanding our grain storage facilities,” the founder added.
He noted that the group has now begun actively investing in real estate development.
“We’ve started a 220,000-square-meter project in Obolon. We’ve purchased an additional 5 hectares for the same project. In 2027, we’ll start a 350,000 (square meters) project on the Left Bank. These are fairly large investments,” the businessman clarified.
According to him, the group is also looking into logistics and port infrastructure, and Tigipko himself has personally visited Chornomorsk.
“I can say that I don’t really like the sector: in my opinion, it’s overvalued; everyone has gotten used to some kind of abnormal rate that existed at the start of the war. That won’t happen again,” the group’s owner noted.
He emphasized that the group constantly analyzes projects “every year, every day.”
“We’re sitting and waiting for a good, juicy deal to come along. We wanted to buy an insurance company (MetLife), but the Poles (PZU) beat us to it. That’s okay, we’ll wait. I told (Richard) Branson that deals are like a rail bus: one leaves, another will arrive. We’ll wait for the next one,” said Tihipko.
The TAS Group is one of the largest financial and industrial groups in Ukraine, operating in the banking sector, insurance, railcar manufacturing, metallurgy, logistics, the agricultural sector, the food industry, the production of packaging materials, and real estate. Among others, it includes TAScombank, Universal Bank (mono), and Idea Bank.
Oleg Zapletnyuk, CEO of the agricultural holding “TAS Agro,” reported earlier this year that the strategic plan calls for expanding the land bank from the current 80,000 hectares to 100,000 hectares by the end of 2026. “The next step is to increase it to 120,000 hectares, but that will be by 2028,” he said.
agricultural sector, DEVELOPMENT, financial sector, TAS, TIGIPKO
