Insurance Company “Ukrainian Insurance Group” (USG, Kyiv) collected UAH 1.944 billion in gross premiums in January–June 2026, which is 0.62% more than in the same period a year ago; net premiums decreased by 2.24% to UAH 1.699 billion, while net earned premiums rose by 28.13% to 1.807 billion UAH.
This was reported by the rating agency “Standard-Rating” in its announcement regarding the renewal of the company’s financial stability rating at the “uaAAA” level on the national scale, based on its performance for January–June 2026.
According to the report, premiums from individual policyholders decreased by 11.66% over the first half of the year to 1.050 billion UAH, while premiums from reinsurers, on the contrary, increased by 20.68% to 3.811 million UAH. At the same time, the share of individual policyholders in gross premiums was 54%, while the share of reinsurers was 0.20%.
Premiums ceded to reinsurers for the first half of 2026 rose by 26.31% to 244.702 million UAH. Consequently, the reinsurers’ share of insurance premiums increased by 2.56 percentage points to 12.59%.
The total amount of insurance payments and claims settled by PJSC “USG Insurance Company” over the six-month period amounted to UAH 1.327 billion, which is 47.29% higher than in the corresponding period of 2025. At the same time, the claims ratio rose by 21.62 percentage points to 68.24%.
USG Insurance Company’s operating profit for the first half of 2026 increased 7.57-fold compared to the same period in 2025, reaching 148.433 million UAH, while net profit rose 2.55-fold to 217.345 million UAH.
As of July 1, 2026, the company’s assets decreased by 3.76% to 4.042 billion UAH, equity increased by 23.47% to UAH 1.142 billion, liabilities decreased by 11.44% to UAH 2.9 billion, and cash and cash equivalents increased by 37.47% to UAH 279.149 million.
The RA notes that as of the reporting date, the insurer had formed a portfolio of financial investments totaling 2.176 billion UAH, consisting of government bonds and municipal bonds, as well as deposits in banks with high credit ratings. Liquid assets collectively covered 84.65% of the insurer’s liabilities.
As previously reported, the controlling shareholder of “IC ”USG” is the Vienna Insurance Group, an international insurance group headquartered in Austria, which is represented by 50 companies in 30 countries and is the leader in the Central and Eastern European insurance market.
Vienna Insurance Group (VIG, Austria) in January-March 2021 increased collection of premiums by 1.6%, to EUR3.11 billion, according to the information of the group, posted on the website of Ukrainian Insurance Group, whose main shareholder is VIG.
According to the results of the first quarter, the group’s pretax profit amounted to EUR128 million, which is 5% lower than in the previous year. Net profit increased by 15%, to EUR99 million.
The combined ratio of the group was 95.2%, which is almost in line with the indicator for the same period a year earlier. The financial result amounted to EUR175.8 million, which is 29% more than in the first quarter of 2020. As of March 31, 2021, the group’s investments, including cash and cash equivalents, amounted to EUR37.1 billion.
Vienna Insurance Group (VIG) is a leading insurer in Austria, Central and Eastern Europe. The group includes about 50 companies in 25 countries of the world.
In Ukraine, VIG is represented by the following insurance companies: Ukrainian Insurance Group, Kniazha VIG, Kniazha Life VIG.
Vienna Insurance Group, together with three other investors, created the investment company Venpace GmbH & Co. KG formed in Cologne, which aims to find, financially support and make use of young international technology companies, according to a group’s press release.
According to it, in addition to Vienna Insurance Group, which holds a 25% stake in the new company, Ideal Insurance Group, Provinzial Rheinland Versicherung AG and Prisma Life AG also became the investors and founders of Venpace.
“We want to take advantage of the growing insurtech scene and its innovative ideas to further expand our range of digital products and services. We are intentionally investing in the early stage of future-oriented start-ups, in order to generate medium-term returns while spreading the risk over multiple investors,” CEO Elisabeth Stadler said.
Venpace might also be used for corporate venturing aimed at realising ideas with start-ups founded specifically for this purpose. The initial focus will be on life insurance and digital points of contact with customers.
The new investment company will build up and manage equity investments in technology companies over a period of ten years. The minimum investment of the four shareholders is EUR 1 million over the next five years. In addition, investors can invest directly in companies of interest to them through Venpace and thus efficiently leverage the start-up expertise and capacities of the investment company.
