The premium income of Ukrainian insurers increased in the 4th quarter
The National Bank of Ukraine presented the Overview of the non-banking financial sector for the 4th quarter of 2023, according to which the total premium income of the risk insurance sector increased by 17% compared to the same period in 2022. The increase in premium income of Ukrainian life insurers increased by 19% year-on-year.
The operating profit of companies in the risk insurance sector in the reporting period amounted to UAH 1.9 billion with a return on capital of 10%. According to the NBU, this result is “almost one and a half times lower than in 2022, but twice as high as in 2021.”
The profit of life insurers in the amount of UAH 0.5 billion with a return on capital of 19% was supported by income from investment activities.
The Internet resource of Ukrstrahuvanny also knows from the NBU report that the volume of assets of risk insurers increased by 1% over the year, and the assets of life insurers increased by 17%.
Compliant companies account for 8% of assets.