UKRAINE: GWP and paid claims of UNIVERSALNA in 2020 increased y-o-y

17 March 2021 —
GWP volume of UNIVERSALNA, which is part of FAIRFAX FINANCIAL HOLDINGS LIMITED, last year exceeded the level of 2019 and amounted to UAH 953,829 million (~EUR 27.45 million*), Forinsurer writes.

The insurance classes in which UNIVERSALNA recorded the largest GWP growth in 2020 are motorinsurance, agroinsurance and aviation insurance. The company's Motor Hull GWP increased to UAH 447,690 million (+20.3% y-o-y), paid claims in this segment also exceeded the level of 2019 by 11.4%. The company's MTPL GWP in 2020 reached UAH 76,972 million (+12.11%), while the largest growth rate was demonstrated by agroinsurance (+88.2%).

In 2020, the company recorded a significant increase in paid claims for personal insurance (+63.5%) and voluntary health insurance (+24.8%). Total amount of UNIVERSALNA's paid claims last year reached UAH 298,370 million.

The company's assets in 2020 increased to UAH 1,130.876 million (+9.6%), net profit amounted to UAH 72,077 million. According to the results of three quarters of 2020, UNIVERSALNA is in the TOP-20 insurers in the overall market ranking, keeping 11th place in terms of GWP.

*at the following exchange rate:

1 EUR = 34.7396 UAH (as of 01.01.2021)