UKRAINE: VUSO's net profit nearly tripled in the first half of the year

7 October 2025 — Marina MAGNAVAL
The “Standard Ratings” rating agency affirmed the financial strength rating of VUSO, a top-5 non-life insurer, at uaAA on the national scale for January-June 2025, Forinsurer reports.

According to the rating agency's website, the insurer's premium income from individuals increased by 55.36% to UAH 1.37 billion in the reporting period, while reinsurers' premiums increased by 17.67% to UAH 21.65 million. Therefore, the share of individuals in the insurer's 1H GWP was 64.54%, while the share of reinsurers was 1.02%.

The agency noted that VUSO's premiums ceded to reinsurance increased by 41.37% in the first half of 2025 compared to the same period in 2024, reaching UAH 243.14 million. The reinsurer participation rate in insurance premiums decreased to 11.42%.

In January-June 2025, the company's operating profit increased by 34.13% y-o-y, reaching UAH 135.494 million, while net profit increased 2.95-fold to UAH 102.332 million.

The company's assets as of July 1, 2025, increased by 20.21% to UAH 2.305 billion, equity increased by 7.59% to UAH 813.212 million, and liabilities increased by 28.43% to UAH 1.491 billion.

According to the rating agency, at the beginning of the third quarter of 2025, the company had a capitalization level of 54.52% and a cash coverage level of 63.30%.

VUSO was founded in 2001. VUSO is a member of the MTIBU (Motor (Transport) Insurance Bureau of Ukraine), NASU (National Association of Insurers of Ukraine), and the Nuclear Insurance Pool, the source added.

* 1 EUR = 48.7823 UAH (June 30th, 2025)



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