UKRAINE: GWP of UNIQA group exceeded UAH 1.5 billion in the first half of 2020

3 September 2020 — Marina MAGNAVAL
UNIQA Ukraine insurance group, which includes UNIQA and UNIQA Life, received net profit before tax in the amount of UAH 324.5 million (~EUR 29.86 million*) in the first half of 2020, more y-o-y, as Forinsurer reports.

GWP of UNIQA, which in 1Q2020 was the leader on the non-life market of Ukraine, reached UAH 1.21 billion (+9% y-o-y). Among the key segments are voluntary health insurance and property insurance. At the same time, motor insurance types generated 37% of the company's portfolio for the period, property insurance - 25% and personal insurance - 38%.

GWP of the life insurer - UNIQA Life (in 1Q2020 ranked second on the life insurance market) for the first six months amounted to UAH 328 million. Assets of UNIQA Life from January to June grew by 0.3% compared to 1H2019 (to UAH 1.3 billion).

* for the following exchange rate:
1 EUR = 29.8677 UAH (July 1st, 2020)

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