By KYIV. Nov 2 (Interfax-Ukraine) – Grawe Ukraine Life Insurance PJSC (Kyiv) collected UAH 286.5 million in net premiums in January-September 2023, which is 10.3% more than in the same period in 2022.
According to the company’s report in the information disclosure system of the National Securities and Stock Market Commission, its gross premiums for this period reached UAH 334.6 million, which is 10.8% more than in the first nine months of 2022. Some UAH 48.154 million (13.8% more) were transferred to reinsurance.
In the first nine months of 2023, the company paid out UAH 110.904 million, which is 29.4% more than in the same period last year.
The company’s administrative expenses totaled UAH 30.299 million (34.6% more), and sales expenses were UAH 126.9 million (76.5% more).
The pretax financial result was UAH 50.769 million, which is 5.4 times more than in the nine months of the previous year.
Net profit reached UAH 40.021 million (almost 10 times more).
As reported, PrJSC Grawe Ukraine Life Insurance and PrJSC Grawe Ukraine are part of the NFG Grawe Ukraine, the ultimate beneficiary of which is GRAWE-Vermögensverwaltung (Austria).
