UKRAINE: net profit of ARX and ARX Life increased by 58% y-o-y in 1H

In the first half year of 2019, ARX and ARX Life (former AXA Insurance and AXA Life) recorded a total net profit of almost UAH 80 million (+58% y-o-y/~EUR 2.68 million), Forinsurer reports.

Total GWP of ARX companies for the period exceeded UAH 1.2 billion (+25%/~EUR 40 million). Paid claims grew by 5%, to UAH 477 million.

"All our main goals over the past six months have been met and even exceeded. It was a very important time for us, as we completed rebranding process and now, we are working under a new name. Our clients and partners see these changes positively, and we are still focused on quality of service and digitalization as our further tasks, since future is about online services", says Andrei PERETYAZHKO, Chairman of the Board of ARX.

ARX and ARX Life are the successors of AXA Insurance, which in 1Q2019 ranked 3rd in terms of GWP on the market, and AXA Life, which ranked 6th among Ukrainian life insurers.

*EUR 1 = UAH 29.7643 (01.07.2019)

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