Business news from Ukraine

Business news from Ukraine

AUSTRIAN UNIQA LIFE INCREASES PAYMENTS BY 20.5% IN UKRAINE IN Q1

UNIQA Life insurance company in January-March 2022 made insurance payments in the amount of UAH 6.63 million, which is 20.5% more than in the same period a year earlier.
According to the company’s website, during the reporting period, the company collected UAH 122.4 million, while for the same period a year earlier – UAH 213.9 million.
Equity capital as of March 31, 2022 amounted to UAH 259.02 million, assets – UAH 1.341 billion, actual solvency margin – UAH 256.2 million.
Pretax profit amounted to UAH 21.03 million.
UNIQA and UNIQA Life since 2006 have been part of UNIQA Group (Austria).

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UNIQA LIFE INCREASES NET PROFIT BY 52.6% IN UKRAINE

UNIQA Life insurance company (Kyiv) in 2018 saw its net profit rise by 52.6% compared with 2017, to UAH 40.554 million, according to materials for the agenda of a general meeting of shareholders scheduled for April 25.
In addition, the company last year increased its assets by 10.6%, to UAH 1.189 billion. The insurer’s net worth rose by 3.8%, to UAH 415.8 million, charter capital remained at the level of 2017, at UAH 100.09 million.
Total debtor indebtedness decreased by 36.9%, to UAH 39.4 million. Cash and cash equivalents rose by 3.5 times, to UAH 39.320 million.
Long-term liabilities increased by 15% and amounted to UAH 715.1 million, current liabilities were up by 10.4%, to UAH 58.483 million.
UNIQA Life insurance company, established in July 2006, is a subsidiary of UNIQA Group, one of the leading insurance concerns of Central and Eastern Europe.

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