The leaders of Ukraine’s insurance market in terms of payouts for January–August 2026 were SG “TAS” – 2.758 billion UAH (1.773 billion UAH for the first 8 months of 2025), “Arsenal Insurance” – 2.166 billion UAH, “ARKS” – 2.117 billion UAH (1.350 billion UAH), Insurance Company ‘USG’ – 1.696 billion UAH (1.161 billion UAH), and Insurance Company “VUSO” – 1.695 billion UAH.
According to data from the “PRIMA” information exchange project of the National Association of Insurers of Ukraine (NAIU), there have been changes in the top five compared to the same period last year. Specifically, Insurance Company “Arsenal Insurance” and Insurance Company “VUSO,” which previously were not among the top five in terms of payouts, took second and fifth place, replacing Insurance Company “INGO” and Insurance Company “Unica.”
The leaders in the MTPL market are TAS Insurance Group—1.393 billion UAH (624 million UAH), Oranta Insurance Company—846.1 million UAH (507.7 million UAH), “Knyazha VIG” Insurance Company – 755.7 million UAH (396.6 million UAH), and “Arsenal Insurance” – 500.7 million UAH, replacing “PZU Ukraine” and “INGO” Insurance Company – 423.1 million UAH (222.9 million UAH).
Under the “Green Card” program, the top five insurers by payouts for the first eight months of 2026 were TAS Insurance Group—424.5 million UAH (416.6 million UAH), USG—348.9 million UAH (293.4 million UAH), “PZU Ukraine” – 229.5 million UAH (109.6 million UAH), “Knyazha VIG” – 106.2 million UAH (167.1 million UAH), which swapped places, and “INGO” – 90.6 million UAH (95.9 million UAH)
There have also been changes in the CASCO market: as of the end of the first eight months of 2026, “Arsenal Insurance” leads the market with 1.241 billion UAH (751.8 million UAH), having swapped places with IC “ARKS” at 1.031 billion UAH (850.3 million UAH), TAS Insurance Group – 543.3 million UAH (433.9 million UAH), VUSO – 533.5 million UAH (383,100 UAH), and USG Insurance Company – 530.3 million UAH, replacing Unica Insurance Company.
“Unica” Insurance Company once again holds the lead in voluntary health insurance with 734.7 million UAH (731.5 million UAH). Next are “VUSO” Insurance Company with 529 million UAH (398.8 million UAH), INGO Insurance Company with 528.1 million UAH (465.2 million UAH)—which swapped places—Universal Insurance Company with 401.6 million UAH (354.6 million UAH), and TAS with 325.1 million UAH (250.8 million UAH)
In the life insurance market, MetLife ranks first in payouts with 483.2 million UAH (373.9 million UAH), followed by TAS with 364.5 million UAH (263.2 million UAH), Grave Life with 321 million UAH (223.5 million UAH), “Unica Life” with 125.1 million UAH (158.6 million UAH), and PZU “Ukraine Life Insurance” with 60.5 million UAH, replacing “Arks Life.”
On September 24, PJSC “Ukrnafta” (Kyiv) announced its intention to enter into an insurance contract with Guardian Insurance Company to cover the liability of holders of special permits for the use of oil and gas-bearing subsoil resources during the development of such resources, in cases provided for by the Law “On Oil and Gas.”
According to the Prozorro electronic public procurement system, the company’s bid amounted to 527,000 UAH, compared to the expected cost of 952,000 UAH for the services.
Insurance Company “Ultra Alliance” also participated in the tender with a bid of 850,000 UAH.
As previously reported, Guardian Insurance Company was the winner of a similar tender a year ago.
On September 24, PJSC “National Energy Company ”Ukrenergo” announced a tender for insurance of leased property.
According to the Prozorro electronic government procurement system, the estimated cost of the services is 199,900 UAH.
The deadline for submitting bids is October 12.
PJSC “Ukrtransgaz” (Kyiv) announced a tender on September 21 for liability insurance for company executives.
According to the Prozorro electronic procurement system, the estimated cost of the services is 1.477 million UAH
The deadline for submitting bids is October 8.
“Ukrtransgaz,” which is wholly owned by NAK “Naftogaz of Ukraine,” operates the country’s main gas pipeline system and 12 underground gas storage facilities.
Shareholders of the insurance company “Knyazha Vienna Insurance Group” (“Knyazha VIG,” Kyiv) adopted a resolution at a meeting on September 8, 2026, to increase the authorized capital from 129.964 million UAH to 162.453 million UAH (by 24.998%), through an additional share issuance, the company reported in the NSSMC’s disclosure system.
According to the report, the increase in the authorized capital will be carried out through additional contributions by issuing 2.137 million shares with a par value of 15.2 UAH each, for a total par value of 32.489 million UAH and a market value of 219.622 million UAH.
It is also noted that the increase in the authorized capital will be carried out under a simplified procedure, and the International Finance Corporation (IFC) has the preemptive right to purchase the shares.
The minutes of the general meeting also state that the company’s shareholders who made the decision were Vienna Insurance Group AG Wiener Versicherung Gruppe (90.5612%) and ATBIH GmbH (Austria) (9.4388%).
As previously reported, on June 29, 2026, the National Bank of Ukraine approved the International Finance Corporation (IFC, U.S.) to acquire a significant stake of 19.999% each in PJSC Insurance Company “Ukrainian Insurance Group” (USG) and PJSC Insurance Company “Knyazha Vienna Insurance Group” (both based in Kyiv).
Earlier, in December 2026, the IFC, a member of the World Bank Group, announced that it would acquire stakes in “Knyazha Vienna Insurance Group” and “USG,” both owned by the Vienna Insurance Group (VIG), through a capital increase.
PJSC “Insurance Company ‘Knyazha Vienna Insurance Group’” is part of the Vienna Insurance Group Ukraine financial holding company,
According to NBU data for the first six months of 2026, the company ranks seventh in terms of premiums written among Ukraine’s risk insurance companies (47).
Shareholders of Insurance Company “VUSO” (Kyiv) plan to approve a resolution at a meeting scheduled for October 2 to allocate 20.013 million UAH from the balance of net retained earnings for 2025—totaling 259.7 million UAH—toward dividend payments.
As the company reported in the disclosure system of the National Securities and Stock Market Commission (NSSMC), the remaining portion of retained earnings for 2025, amounting to 239.7 million UAH, is planned to remain undistributed.
The meeting agenda states that dividends will be paid at a rate of 0.73 UAH per share. They will be paid in full directly to shareholders in accordance with the procedure established by law within six months from the date the relevant resolution is adopted by the general meeting of shareholders.
As previously reported, the shareholders of VUSO Insurance Company, at a meeting on June 29, 2026, adopted a resolution to allocate 20.013 million UAH from the net undistributed profit for 2025 toward dividend payments. Previously, at meetings held from December 4 to 9, 2025, as well as on March 25, 2026, they adopted a resolution to allocate UAH 20.013 million from the confirmed retained earnings for 2024 toward dividend payments.
VUSO Insurance Company was founded in 2001. It is a member of the Motor Transport Insurance Bureau of Ukraine (MTIBU) and the Ukrainian Insurance Federation (UIF), as well as a member of the Nuclear Insurance Pool.
The company’s gross premiums for 2025 totaled 5.136 billion UAH, which is 48.36% more than in 2024; net premiums grew by 47.92% to 4.593 billion UAH, and net earned premiums increased by 48.74% to 4.071 billion UAH. Individuals accounted for 60.56% of gross premiums, while reinsurers accounted for 0.84%.
In 2025, VUSO Insurance Company paid out UAH 1.791 billion to its clients, which is 26.64% higher than the volume of insurance payments and reimbursements for 2024; the payout ratio decreased by 5.98 percentage points to 34.87%.
As of January 1, 2026, the insurer’s assets grew by 63.43% to 3.133 billion UAH, equity increased by 32.49% to 1.001 billion UAH, and liabilities rose by 83.57%, to 2.132 billion UAH, and cash and cash equivalents by 59.50%, to 1.210 billion UAH.
