Business news from Ukraine

Business news from Ukraine

UPSC plans to allocate UAH 4.8 mln to pay dividends

At a meeting on November 5, shareholders of Ukrainian Fire Insurance Company (UPSC, Kyiv) plan to decide to allocate UAH 4.8 million of retained earnings for 2023 to dividends, according to the company’s information disclosure system.
The amount of dividends per share is UAH 0.3.
As reported, the insurer’s shareholders at a meeting on May 7, 2024, decided to allocate UAH 25.6 million of retained earnings for 2022 for dividends. The amount of dividends per share was UAH 1.6.
“UPSK” PrJSC was registered in 1993. The company specializes in motor, financial, travel, property, cargo and luggage insurance.
The insurer is a member of the Motor (Transport) Insurance Bureau of Ukraine and holds 36 insurance licenses: 20 for voluntary insurance and 16 for compulsory insurance.
According to the National Securities and Stock Market Commission, as of the second quarter of 2024, the owner of 99.999% of the insurer’s shares is Oleksandr Mikhailov.
The authorized capital of the insurer is UAH 100 million.

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Poltava region police chose UPSC for contract of motor TPL and hull insurance

On August 27, the Poltava Oblast Police Department rejected the offer of Guardian Insurance Company and announced its intention to enter into a contract with Ukrainian Fire Insurance Company (both based in Kyiv) for compulsory motor third party liability insurance (MTPL) and voluntary motor third party liability insurance (hull insurance).
According to a posting in the Prozorro electronic public procurement system, the company’s price offer amounted to UAH 1.886 million with the same expected cost of the services.
The price offer of Guardian Insurance Company was UAH 1.345 million.
UPSK PrJSC was registered in 1993. It specializes, in particular, in insurance of motor vehicles, financial risks, tourists, property, cargo and luggage.

UPSC to allocate UAH 25.6 mln for dividend payment

The shareholders of Ukrainian Fire Insurance Company (Kyiv) at a meeting on May 7 decided to allocate UAH 25.6 million for dividends, according to the company’s information posted in the NSSMC system.

The amount of dividends per share is UAH 1.6.

As reported, the company planned to allocate the retained earnings of “UPSK” for 2022 to pay dividends.

“UPSC” PrJSC was registered in 1993. It specializes, in particular, in insurance of motor vehicles, financial risks, tourists, property, cargo and luggage.

The insurer is a member of the Motor (Transport) Insurance Bureau of Ukraine and holds 36 insurance licenses: 20 for voluntary insurance and 16 for compulsory insurance.

The authorized capital of the insurer is UAH 100 million.

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