Insurance company Unives (Kyiv) in January-March 2023 collected UAH 1.223 mln of net premiums, which is 9.4 times less than during the same period of 2022. As it is reported in the interim report of the company, placed in the information disclosure system of NSCE, its gross premiums for this period amounted to UAH 144 ths, while during the same period a year earlier it was UAH 6,769 mln. UAH 2 ths was ceded in reinsurance.
The company paid out UAH 1,011 mln in the first three months, which is 3,1 times less than in the same period a year ago.
The company’s administrative costs amounted to UAH 833 th (-18.8%), while sales expenses amounted to UAH 110 th.
Net profit decreased 4,8 times- to UAH 2,121 mln.
IC Unives works in the insurance market of Ukraine since 2003. It is a part of the financial group “Unives”. It specializes in risk insurance. It has 17 licenses for obligatory and voluntary types of insurance.
The authorized capital of the company amounts to UAH 50 mln.
Kyiv-based insurance company Unives in January-March 2019 attracted UAH 10.298 million of premiums, which is 33.8% less than during the same period in 2018, according to the Expert-Rating agency, which affirmed the company’s financial strength rating at uaA+ on the national scale.
According to the agency, part of insurance premiums owned by reinsurers rose by 1.7 percentage points and accounted for 4.17% in the structure of insurance premiums.
Insurance claim fee payments halved as compared with Q1, 2018 to 82.2% of premiums.
The assets of the insurer from March 31, 2018 to March 31, 2019 decreased by 15.73%, to UAH 114.3 million. Gross liabilities of the company for the same period dropped by 25.48%, to UAH 41.46 million, and its net worth by 8.95%, to UAH 72.88 million. As a result, the overage of the company’s liabilities by net worth increased by 31.91 percentage points and on March 31, 2019 stood at 175.77%, which indicates that the insurer maintains a very high level of capital stock.
