In January-September 2025, the insurance company Universal (Kyiv) collected UAH 2.410 billion in gross insurance premiums, which is 27.3% more than in the same period of 2024, according to the website of the rating agency Standard Rating.
The agency updated the credit rating/financial stability (reliability) rating of Universal Insurance Company at “uaAAA” on the national scale based on an analysis of its performance during the specified period.
According to the published data, revenues from individuals increased by 34.70% to UAH 1.127 billion, while revenues from reinsurers, on the contrary, decreased by 57.71% to UAH 3.489 million. Thus, based on the results of the first nine months of 2025, legal entities prevailed in the company’s client portfolio.
Premiums ceded for reinsurance in the first nine months of 2025 increased by 35.02% compared to the same period in 2024, reaching UAH 122.285 million. Thus, the reinsurers’ share in insurance premiums increased by 0.28 p.p. to 5.07%.
The insurer’s net premiums increased by 26.96% to UAH 2.288 billion, while net earned premiums showed an increase of 30.13% to UAH 2.062 billion.
The volume of insurance payments made by IC Universal in January-September 2025 increased by 35.24% compared to the same period in 2024 and amounted to UAH 831.348 million. Thus, the payout ratio increased by 2.01 percentage points to 34.49%.
According to RA data, based on the results of the first three quarters of 2025 compared to the same period in 2024, the company’s operating profit increased by 15.42% to UAH 214.194 million, and net profit increased by 24.22% to UAH 228.781 million.
As of October 1, 2025, the insurer’s assets grew by 18.37% to UAH 2.304 billion, equity capital increased by 23.48% to UAH 1.203 billion due to an increase in retained earnings, liabilities increased by 13.24% to UAH 1.101 billion, cash and cash equivalents decreased by 1.13% to UAH 569.150 million.
As of the reporting date, the insurer’s equity exceeded its liabilities by 9.28%.
The agency also notes that the company formed a portfolio of current financial investments in liquid instruments in the amount of UAH 1.533 billion, which consisted of bank deposits (UAH 1.371 billion) and government bonds (UAH 162.500 million). Thus, as of the beginning of the fourth quarter of 2025, cash and cash equivalents covered 51.70% of the liabilities of PrJSC “IC ”Universalna,” while liquid assets (cash, bank deposits, and government bonds) exceeded the insurer’s liabilities by 1.91 times.
As reported, the main shareholder of IC “Universal” is Fairfax Financial Holdings Limited (Canada), a holding company that, through its subsidiaries, is primarily engaged in accident insurance, property insurance, and investment management.
