UKRAINE: ARX in the first quarter of 2023 expands its business by 27%

17 May 2023 —
One of the leaders in the insurance sector of Ukraine, ARX ended 1Q2023 with an increase in many indicators. The amount of collected premiums reached UAH 781.6 million (+27%)/~EUR 19.56 million*, and paid claims - UAH 303.5 million, which is 12% more y-o-y, Forinsurer reports. The number of contracts concluded with the company increased by 116%.

Motor Hull is the leading motor insurance segment, in which the company generated over UAH 360 million (+17%) in the first quarter. According to the results of the TOP-100 rating in 2022, ARX was recognized as the best company in the MoD segment.

In health insurance, ARX collected over UAH 156.7 million (+4%). Property insurance also brings profit even during the war with about UAH 102 million (+38%) of premiums. MTPL saw an increase of 34%, GWP exceeded UAH 53 million.

* 1 EUR = 39.95 UAH (01.04.2023)