APEX INSURANCE reached historical highs in 2024:
• Net profit amounted to UZS 327 billion, which is double y-o-y. Return on equity (ROE) reached 42%.
• Equity increased to UZS 778 billion from UZS 421 billion a year earlier. Charter capital reached UZS 665 billion.
• The company's total assets increased by 12% and exceeded UZS 2.6 trillion.
• The company's total GWP increased by 37%, reaching UZS 2.7 trillion.
• Total paid claims reached UZS 694 billion, which is 52% more y-o-y. The ratio of settled claims to the total number of claim applications was 83%.
• The client base grew by 25% and covered more than 1.1 million individuals and legal entities.
• The regional network grew by 44%, to 198 branches.
“2024 once again confirmed effectiveness of our diversified business model. The company maintained a stable position in the market and expanded customer service. These were possible thanks to a stable financial base, well-coordinated teamwork and a wide network - branches and agents throughout the country. All this helps us consistently achieve the main goal - to provide each client with reliable protection and confidence”, commented Jahangir Yunusov, Chairman of the Board of APEX INSURANCE.
The report also notes that in March 2025, the national agencies Ahbor-Reyting and SNS RATINGS again assigned the company the highest ratings on the national scale: uzA++ and (uz)AAA with a stable outlook. These ratings reflect financial stability, reliability and transparency of APEX INSURANCE. They are based on high transparency of information, a strong capital base, stable solvency and a noticeable position of the company in the insurance market.
In addition, APEX INSURANCE has the highest international rating among insurance companies in Uzbekistan. In 2024, S&P Global Ratings upgraded the long-term financial stability rating of APEX INSURANCE to the sovereign rating of Uzbekistan, which is BB-, outlook stable.
* 1 EUR =13,436.01 UZS (December 31st, 2024)
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