TAS Insurance Group (Kyiv) collected UAH 162.06 million in premiums in November, which is 11.7% more than the company’s receipts in November last year, according to the insurer’s website.
The press release notes that 35.19% of premiums fall on OSAGO – UAH 57.03 million of premiums, which is 7.3% more than in November 2019. Under KASKO agreements, UAH 47.88 million of premiums were attracted, which is 29.54% of the total income of the insurer and is 30.4% more than the corresponding figure for November 2019.
The share of Green Card in the company’s portfolio in November of this year amounted to 13.09%: on such policies UAH 21.21 million of premiums were attracted during the month.
In November, the company paid UAH 84.34 million of compensation under concluded insurance contracts, which is 26.1% more than the amount paid by the insurer for the same period a year earlier.
Under OSAGO policies, UAH 32.27 million was reimbursed during the month, which is 38.27% of the company’s total payments for the month and is 19.2% more than the corresponding figure for November 2019.
The second place in the portfolio of payments with a share of 29.03% at the end of the month is taken by KASKO: under land transport insurance contracts, UAH 24.48 million was reimbursed (more by 41%).
T.A.S. Overseas Investments Limited (Cyprus) belonged to Sergiy Tigipko has become a direct shareholder in private joint-stock company AB Stolychny concrete asphalt plant, building up a 47.89% stake in the company. The private joint-stock company reported in the information disclosure system of the National Commission for Securities and the Stock Market that as of December 31, 2019 T.A.S. Overseas Investments become direct owner of 34.467 million ordinary shares in the plant, which the company owned indirectly via Luregio Limited (Cyprus).
Ukraine’s Antimonopoly Committee of Ukraine on December 13, 2019 permitted T.A.S. Overseas Investments to acquire share in Luregio Limited, which will grant over 50% of the votes in the management body of the company.
The key shareholders of AB Stolychny concrete asphalt plant as of the third quarter of 2019 were Serhiy Samusev and Tigipko with shares of 47.9% and 22.6% respectively, as well as Forvink Limited (Cyprus, 24.7%, while as of the end of 2017, this stake was owned by Wecker Limited). The ultimate beneficiary of the company as of January 19, 2020 was Tigipko.
Sergiy Tigipko’s TAS Group has acquired PrJSC Kyiv-based AB Stolychny asphalt and concrete plant.
Serhiy Samusev withdrew from among the plant’s shareholders by selling his stake consisting of 34,467,029 shares, which is 47.89% of the enterprise’s charter capital, the company said in the National Securities and Stock Market Commission’s information disclosure system.
Luregio Limited (Cyprus) became the new shareholder of AB Stolychny after it had purchased the shares owned by Samusev.
Meanwhile, the Antimonopoly Committee of Ukraine (AMCU), by a decision of December 13, granted permission to Cyprus T.A.S. Overseas Investments Limited whose main shareholder is Sergiy Tigipko, to purchase shares of Luregio Limited, which will provide an excess of 50% of the vote in the company’s supreme management body.
PrJSC AB Stolychny’s main shareholders as of the third quarter of 2019 were Samusev and Tigipko with shares of 47.9% and 22.6%, respectively, as well as Cyprus-based Forwincom Limited (24.7%). As of the end of 2017, the said stake belonged to Veker Limited. Samusev is listed as the ultimate beneficiary of the company as of December 16, 2019.
As reported, AB Stolychny in 2018 reduced its net profit by 35% from 2017, to UAH 38.6 million. Net income from product sales increased by 21.2%, to UAH 362.9 million. In 2018, AB Stolychny paid UAH 46.8 million in dividends to shareholders.
AB Stolychny was established in 2004 on the basis of a concrete, reinforced concrete, construction materials plant (municipally owned Concrete Products Plant before 1997). It produces asphalt mix for the construction and repair of roads. It also markets reinforced concrete products for underpasses, collectors, and other engineering and road construction facilities.
According to the State Register of Legal Entities and Individual Entrepreneurs, AB Stolychny’s charter capital as of December 2019 was UAH 17.99 million.
The TAS Group was founded in 1998. It has assets in the financial and industrial sectors, agriculture, real estate, pharmaceuticals and venture projects. The group’s financial sector includes TAScombank, Universal Bank, VS Bank, two insurance companies, and a number of other organizations. The founder and main shareholder of the group is Tigipko.
TAS Insurance Group in May 2019 collected UAH 133 million of insurance premiums, which is 32.3% more than in May last year, according to the insurer’s website.
OSAGO occupied the largest share of the insurer’s revenues in May with 38.69% and UAH 51.46 million of premiums attracted, which is 23.2% more than the figure for the fifth month of 2018.
The volume of revenues on Green Card policies, in turn, increased by 64.7%, to UAH 33.13 million of premiums in May, which is 24.91% of the total premiums for the month. KASKO ranked third in the revenue portfolio of TAS group with a share of 18%: some UAH 23.95 million of premiums were collected under land transport insurance contracts during the fifth month of the current year, which is 40.5% more than in the reporting period of 2018.
TAS Insurance Group in May raised UAH 3.81 million in premiums under property insurance contracts, UAH 3.13 million under voluntary medical insurance contracts, while revenues from other insurance contracts amounted to UAH 17.53 million.
In May, TAS Insurance Group paid UAH 58.69 million in insurance claim fees, which is 12.6% more than the amount paid by the company for the fifth month of last year.
The TAS insurance group (Kyiv) in February 2019 collected UAH 125.59 million in insurance premiums, which is 59.3% more than a year ago.
According to a posting on the website of the company, 31.88%or UAH 40.04 million of premiums were collected with signing of compulsory insurance of vehicle owners’ civil liability (OSAGO) policies, which is 47.9% more than in February 2018.
The amount of Green Card policies sold grew by 68.7%, to UAH 35.8 million, or 28.51 of total premiums.
The share of voluntary car insurance (KASKO) was 17%: policies for UAH 21.35 million were signed, which is 51% more than a year ago.
The group collected UAH 12 million under property insurance policies, which is 9.55% of total premiums collected in February and three times more than a year ago.
TAS collected UAH 2.55 million under voluntary medical insurance contracts and UAH 13.85 million under other insurance contracts.
In February 2019, the group paid UAH 56.12 million in claims, which is 42.5% more than a year ago.
Kyiv-based TAS Insurance Group opened 35 new branches in Khmelnytsky, Lviv, Zakarpattia, Vinnytsia, Poltava, Sumy, Rivne regions, as well as in other regions of Ukraine in 2018, according to the company’s website. The company also informs that new sales centers opened not only in those small towns where they did not previously have their offices, but also in cities where several of its branches already worked. For example, last year new representative offices of the company began work in the cities of Vinnytsia, Dnipro, Kharkiv, Rivne, Sumy and others.
As reported, more than 1.9 million insurance contracts were concluded by the insurer with more than 1 million customers in 2018. The company’s insurance revenue for 2018 exceeded UAH 1.387 billion. In this case, car insurance accounted for the lion’s share of collected premiums. In particular, UAH 481.15 million in premiums was raised under OSAGO (mandatory insurance of civil liability of vehicle owners) agreements, UAH 273.01 million under Green Card agreements, and UAH 255.03 million under KASKO (voluntary car insurance) agreements.
