UKRAINE: Total profit of ARX and ARX Life from January to September grew by 168% y-o-y

5 November 2020 — Marina MAGNAVAL
From January to September 2020, total GWP of ARX and ARX Life amounted to UAH 2.2 billion (~EUR 66.33 million*), which is 17% more y-o-y, while total net profit of the two companies reached UAH 308 million (+168% y-o-y), as Forinsurer reported.

For the first 9 months of 2020, the GWP of ARX, working on the non-life market, increased by 12% y-o-y, to about UAH 1.7 billion, while the GWP growth rate of ARX Life was even more impressive (+56%) and its GWP volume reached UAH 195 million.

In the first half of 2020, ARX ranked first in the non-life sector of Ukraine with a share of almost 7%, while ARX Life ranked sixth among the TOP-10 life insurers with a 5.49% share in the life insurance portfolio.

It should be noted that ARX is the leader in Motor Hull in Ukraine. From January to September, the company's Motor Hull GWP reached UAH 1.1 billion (+12%). ARX is also the leader in property insurance, and it is one of the three leaders in voluntary health insurance, from which the company generated UAH 286 million of GWP during the first 9 months this year (+19.5%).

* for the following exchange rate:
1 EUR = 33.1643 UAH (as of 1 October 2020)

Share |