By KYIV. Nov 1 (Interfax-Ukraine) – PrJSC Insurance Company Grandwis (Chernihiv) in January-September 2023 collected net insurance premiums in the amount of UAH 4.320 million, which is 12.5% more than in the same period in 2022.
According to the company’s preliminary financial report, published in the information disclosure system of the National Securities and Stock Market Commission, the company’s gross premiums for nine months increased by 74.2% – to UAH 4.8 million, while premiums transferred to reinsurance by 16.6% – to UAH 561,000H.
For the nine months of 2023, the company paid clients UAH 582,000 in compensation against UAH 1.279 million for the same period in 2022.
The company’s administrative costs during the reporting period increased by 70.2% – to UAH 3.903 million, sales costs decreased to UAH 438,000 from UAH 789,000.
The company’s net profit amounted to UAH 2.465 million, which is 3.9 times more than in the same period last year.
Grandwis has been operating in the insurance market since 1995. It specializes in risk types of insurance.
The company’s charter capital is UAH 14.3 million.
