Business news from Ukraine

Business news from Ukraine

INGO Insurance Company Increased Insurance Premiums by 22.9% in First Half of Year

INGO Insurance Company (Kyiv) collected 2.934 billion UAH in gross insurance premiums for the January–June 2026 period, which is 22.9% higher than the result for the same period in 2025.

According to the company’s website, growth in the insurance business was driven by several lines of business. Gross premiums from health insurance increased by 35.3% to 664.1 million UAH, and from comprehensive auto insurance (CASCO) by 33.2% to 589.7 million UAH. In accident insurance, premiums rose by 32.2% to 102.1 million UAH. The company recorded the highest growth rates in traditional property insurance: gross premiums increased 2.4-fold to 537.3 million UAH.

The company reports that in the first half of 2026, it actually paid out 2.510 billion UAH in insurance claims to clients, which is 46.4% more than in the same period last year.

The largest volumes of accrued insurance payouts were in health and auto insurance. Under its health insurance programs, “INGO” accrued payouts totaling 386.5 million UAH for the organization and payment of medical services, examinations, and medications. Accrued payments under compulsory motor third-party liability insurance (OSCPV) totaled 328.4 million UAH, under comprehensive auto insurance (CASCO) – 272.3 million UAH, and under property insurance – 151.7 million UAH.

“We view the results of the first half of the year positively, although the volume of insurance claims grew faster than premiums. This trend is explained by several factors: portfolio expansion, an increase in the number of claims, and rising costs of medical services, auto repairs, and property restoration. It is essential for us that the company maintains its ability to service a larger portfolio and fully meet its obligations. At the same time, the business structure remains sufficiently diversified, without excessive dependence on any single type of insurance,” said Andriy Semchenko, Chairman of the Board of ING Insurance.

INGO Insurance Company was founded in 1994; the company ranks among the top three insurers in the country in terms of assets and premiums and holds licenses to provide insurance in 18 classes.
The company has the status of a significant insurer, is a member of Ukrainian and international professional associations, and operates through a network of 25 branches, five offices, and nine service centers in various regions of Ukraine.

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“Oranta” Increased Insurance Premiums by 7.3% in First Half of Year

In January–June 2026, NASK “Oranta” collected insurance premiums totaling 1.9 billion UAH, which is 7.3% more than in the same period a year earlier (1.77 billion UAH).

According to the insurer’s website, the company issued over 1.36 million insurance policies in January–June. Compared to the first half of 2025, this number increased by 8.1%.
The majority of the portfolio consisted of compulsory motor third-party liability insurance (CMTPL) policies—UAH 1.57 billion (+6.6%). The company issued over 609,000 CMTPL policies.

Premiums from accident insurance increased by 61.7% to 18.8 million UAH, and from health insurance by 51.5% to 76 million UAH. Premiums from comprehensive auto insurance (CASCO) rose by 26.5% to 52.6 million UAH. The number of health insurance policies increased by 48.2% to 254,000, and comprehensive auto insurance (CASCO) policies by 59% to 5,400. In liability insurance, the number of policies issued more than doubled to 91,800.

The company also reports that during the first six months of 2026, it made insurance payments totaling 763.4 million UAH, which is 55.1% more than during the same period in 2025.

The largest share of payouts was for compulsory motor third-party liability insurance (CMTPL)—638.4 million UAH, which is 74.7% higher than the figure for the corresponding period last year. Payments under “Green Card” policies totaled 64.2 million UAH, while comprehensive auto insurance (CASCO) payments amounted to 27.1 million UAH. Health insurance payouts rose by 87.9% to nearly 26 million UAH.

At the end of the first six months, Oranta’s assets totaled 3.86 billion UAH, a 36.3% increase compared to the same period a year earlier. Equity rose by 57.5% to 1.26 billion UAH, while insurance reserves increased by 27.3% to 2.39 billion UAH.
The company’s net income for the first half of the year was 306.1 million UAH, compared to 73.7 million UAH for the same period in 2025. A total of 230 million UAH in taxes was paid to budgets at all levels—48% more than in the first half of last year.

“The results for the first half of the year confirm that Oranta is gradually transitioning to a more diversified business model. Auto insurance remains the foundation of our portfolio, but health insurance, comprehensive auto insurance (CASCO), and other areas we have identified as priorities are making an increasingly significant contribution. It is essential for us that business growth be accompanied by the strengthening of financial stability and the company’s ability to fulfill an ever-increasing volume of obligations to our clients,” said Jacek Meizner, Chairman of the Board of NASK ORANTA.

NASK “Oranta” is the legal successor to “Ukrderzhstrakh,” founded on November 25, 1921, and has been conducting insurance operations in Ukraine for over 100 years.
The company has been a full member of the Motor Transport Insurance Bureau of Ukraine (MTIBU) since 1994 and a member of the Nuclear Insurance Pool since 2003.

The insurer’s main shareholder is the Ukrainian business group DCH.

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“Nadiina” Insurance Company Reduced Gross Insurance Premiums by 21.8%

PJSC “Insurance Company ‘Nadiina’” (Kyiv) collected gross insurance premiums totaling 14.816 million UAH in January–June 2026, which is 21.77% less than during the same period a year ago.

This is evidenced by data from the “Standard-Rating” rating agency regarding the update of the insurer’s credit rating/financial stability (reliability) rating to uaA+ on the national scale.
It is noted that premiums from individuals amounted to 0.433 million UAH, while premiums from reinsurers were nonexistent.

Insurance payments remitted to reinsurers more than doubled during the reporting period, reaching 0.764 million UAH. Consequently, the reinsurers’ share of insurance premiums increased by 3.16 percentage points to 5.16%.
The insurer’s net premiums for the first half of 2026 decreased by 24.28% compared to the same period in 2025, to 14.052 million UAH, while net earned premiums fell by 44.66%, to 10.505 million UAH.

The volume of insurance claims paid by SK “Nadiina” for January–June 2026, compared to the first half of 2025, decreased by 25.48% to 4.765 million UAH, and the claims ratio fell by 1.60 percentage points to 32.16%.
The RA reports that, based on the results of the first six months of 2026, the company’s net profit amounted to 49,000 UAH.

As of July 1, 2026, assets grew by 7.62%, to 101.126 million UAH; equity increased by 0.06%, to 81.433 million UAH, liabilities increased by 56.55%, to 19.693 million UAH, and cash and cash equivalents rose by 4.14%, to 70.435 million UAH.
The RA also notes that as of July 1, 2026, IC “Nadiina” had formed a portfolio of current financial investments totaling 15.614 million UAH, consisting entirely of government bonds.

As previously reported, Nadiina Insurance Company was founded in 2006. Agroholding 2012 LLC (Khmelnytskyi region) owns 100% of the insurer.
Agroholding 2012 LLC was established in September 2015. Its beneficiaries, through the “Oferent” venture capital fund, are Galina and Oleksandr Herega. The company’s business activities include the cultivation of grains, legumes, and oilseeds.

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TAS Insurance Group Increased Its First-Half Premiums by 11.6%

TAS Insurance Group (Kyiv) collected 3.857 billion UAH in insurance premiums from January through June 2026, an increase of 11.6% compared to the same period in 2025.

According to the insurer’s website, premiums for comprehensive auto insurance (CASCO) in the first six months of 2026 accounted for 14.97% of total premiums, or 577.3 million UAH (+19.8%); premiums for mandatory auto liability insurance (OSCPV) accounted for 54.8%, or 2.112 billion UAH (+13.4%); and for the “Green Card”—13.5%, or 519 million UAH.
Under voluntary medical insurance (VMI), TAS Insurance Group collected UAH 251.8 million in premiums in January–June, or 6.53% of the total, which is 67.6% more than the corresponding figure for last year; under property insurance contracts—UAH 62.34 million (+34.4%).

Under other policies, TAS Insurance Group collected insurance premiums totaling 334.5 million UAH in January–June of this year—25.2% more than last year.
As previously reported, TAS Insurance Group paid out UAH 2.141 billion under insurance contracts in January–June 2026, which is 66% more than during the same period in 2025.

Comprehensive auto insurance (CASCO) accounted for 19.72% of total payouts, or 422.5 million UAH (31.6% more than in the first six months of 2025); mandatory third-party liability insurance (MTPL) accounted for 49.8%, or 1.066 billion UAH (2.5 times more); and “Green Card” insurance accounted for 16.5%, or 353.1 million UAH (+9.9%).
Voluntary medical insurance (VMI) accounts for 28% of the company’s claims portfolio, or 239.1 million UAH (+11.2%). Meanwhile, under property insurance policies, the company paid out 18.3 million UAH, which is 3.1 times more than the corresponding figure a year ago.

Under other insurance contracts, TAS Insurance Group paid out 45.54 million UAH in January–June of this year—62.1% more than a year ago.
TAS Insurance Group was registered in 1998. It is a universal insurer offering over 80 types of insurance products across various categories of voluntary and mandatory insurance. It has an extensive regional network: 28 regional directorates and branches and 450 sales offices throughout Ukraine.

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“Ukrainian Insurance Group” Increased Its Net Profit by 2.5 Times

PJSC “Ukrainian Insurance Group” (Kyiv) collected 1.807 billion UAH in net premiums in January–June 2026, which is 28.1% more than in the same period of 2025, according to the insurer’s interim data published in the disclosure system of the National Securities and Stock Market Commission (NSSMC).

At the same time, gross premiums for the reporting period increased by 0.6% to 1.932 billion UAH. A total of 244.7 million UAH was ceded to reinsurers, which is 26.3% more than in the first half of 2025.

During the reporting period, the company made claims payments totaling 894.1 million UAH, which is 37.6% more than in the first six months of 2025.
Gross profit amounted to 787.2 million UAH (+16%).

Operating profit was 148.4 million UAH, whereas for the same period a year earlier, operating profit was 19.6 million UAH, profit before tax was 265.1 million UAH (2.5 times higher), and net profit was 217.3 million UAH (+2.5 times).
The controlling shareholder of “IC “USG” is the Vienna Insurance Group, an international insurance group headquartered in Austria, represented by 50 companies in 30 countries and a leader in the insurance market of Central and Eastern Europe.

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“PZU Ukraine” Nearly Doubled Its Net Profit in First Half of Year

PJSC “Insurance Company PZU Ukraine” (Kyiv) collected 1.834 billion UAH in net premiums in January–June 2026, which is 59% more than in the same period of 2025 (1.153 billion UAH), according to the insurer’s interim data published in the NSSMC’s disclosure system.

Written premiums for the first half of the year rose by 60.9% to 1.852 billion UAH.
During the reporting period, the company paid out claims totaling 1.785 billion UAH, which is 61.8% more than in the first half of the previous year.

Profit before taxes amounted to 263.6 million UAH (+84%), and taxes paid totaled 35.230 million UAH (+39.2%).
The insurer’s net profit for the first two quarters of 2026 amounted to 228.4 million UAH, which is 93.6% more than in the same period a year earlier.

PZU Ukraine Insurance Company is backed by one of the largest insurance groups in Central and Eastern Europe—the PZU Group, which includes the parent company of PZU Ukraine Insurance Company (PrJSC)—PZU S.A.
According to data from the National Bank, PZU Ukraine ranks 10th in terms of premiums written for 2025 among Ukraine’s non-life insurers (47 companies).

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