MoD sales increased by 21.6% to UAH 706.85 million, which is 17.76% of all premiums collected by the insurer over 10 months. MTPL increased by 27.3% to UAH 1,186.24 million, which is 29.8% of the total company’s GWP for the period. In Green Card segment the company collected UAH 1,158.83 million (29.11% of all premiums) in January-October, which is 66.9% higher y-o-y.
Voluntary health insurance sales increased by almost a third (31.3%): under voluntary health insurance contracts, TAS collected UAH 487.79 million during the period, or 12.25% of the total premiums collected. Under property insurance contracts, UAH 74.29 million in premiums were collected, which is 25.7% more y-o-y.
During January-October of this year, TAS paid UAH 1,618.64 million (~EUR 36.38 million) under concluded insurance contracts, which is 53.3% more y-o-y.
More than a quarter of all insurer's claims for the reporting period (27.94%) were paid in MoD or UAH 452.17 million, which is 38.9% more y-o-y. MTPL paid claims increased by 31.7% to UAH 523.52 million, which is 32.34% of the company's total paid claims for the period. The share of Green Card policies in the company's paid claims portfolio amounted to 21.79% or UAH 352.75 million, which is almost twice as much (99.8%) as for the same period in 2023. Paid claims in voluntary health insurance increased significantly (by 87.2%) reaching UAH 231.92 million or 14.33% of the company’s total paid claims for 10M2024. The company's paid claims under property insurance contracts increased by 60.3% to UAH 11 million.
It is noted that based on the 10M2024 results, the TAS Group ranks first in the market both in terms of GWP and paid claims, and also leads in the MTPL and Green Card segments.
*EUR 1 = UAH 44.49 (as of October 31, 2024)
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