By KYIV. Dec 20 (Interfax-Ukraine) – Universalna insurance company (Kyiv) paid taxes to the state budget of Ukraine in the amount of UAH 30.075 million, according to the company’s website.
As reported, in January-September 2022, the company collected UAH 945.9 million of gross insurance premiums, which is 6.7% more than in the same period last year.
Despite the increase in premiums from individuals, according to the results of the first nine months of 2022, legal entities dominate the company’s client portfolio. At the same time, based on the performance results for three quarters, the largest share of premiums (more than 36%) came from voluntary land transport insurance (KASKO).
The volume of insurance payments made by Universalna for the specified period decreased by 11.26% – to UAH 240.593 million. Thus, the level of payments decreased by 5.15 percentage points, to 25.43%.
According to the results of the nine months of 2022, the financial result from operating activities amounted to UAH 178.169 million, which is 5.14 times higher than in the nine months of 2021, and net profit increased 5.2 times, to UAH 147.472 million.
Universalna has an international composition of shareholders, in particular, the European Bank for Reconstruction and Development (owns 30% of the shares) and Fairfax Financial Holdings Limited (owns 70% of the shares). Fairfax Financial Holdings Limited (Canada) is a holding company that, through its subsidiaries, is primarily engaged in casualty insurance, property insurance and investment management.
As of the beginning of the third quarter of 2022, the holding’s consolidated assets amounted to $88.460 billion, and Fairfax’s consolidated gross business (premiums) for the first six months of 2022 amounted to $13.971 billion.
