VUSO, one of the top 5 non-life insurers in Ukraine, tripled its profit in 1Q2025 y-o-y. At the end of the first quarter, VUSO's net profit amounted to UAH 40.99 million (~EUR 0.92 million), Forinsurer writes.

Total company’s GWP for the first three months of the year amounted to UAH 974.3 million, and paid claims reached UAH 390.3 million.

It is noted that such a dynamic growth in profit indicates not only steady development of the company, but also a general up-trend of the Ukrainian insurance market.

"The achieved result is a consequence of consistent implementation of the chosen strategy, focused on sustainable growth, increasing operational efficiency and systematic improvement of the customer experience. We are steadily moving towards transformation, combining technological solutions, analytics and adaptability to changes in the market environment", commented Andriy Artyukhov, CEO of the company.

*EUR 1 = UAH 44.47 (April 01, 2025)