Insurance companies PZU Ukraine and PZU Ukraine life insurance (among the top 25 insurers in Ukraine) have summed up preliminary results for 2023. PZU Ukraine collected UAH 1,869 million (~EUR 44.37 million) in premiums, which means an increase of 46.1% y-o-y, Forinsurer reports.

The largest GWP increase was recorded on Green Card policies - by 119% (+ UAH 266 million), a significant increase was demonstrated by voluntary health insurance by 70% (+ UAH 100 million) and domestic MTPL - by 55% (+ UAH 178 million), MoD increased by 29% (+ UAH 83 million). The share of MTPL in the company's portfolio reached 27% (UAH 499.4 million). On Green Card policies, the company collected UAH 488.9 million, which is 26% of the insurer’s total premiums.

In 2023, the total amount of paid claims of PZU Ukraine reached UAH 701.4 million, which is 22% more y-o-y. UAH 167.4 million were paid in MoD, in MTPL the company paid out UAH 195.0 million, and under Green Card policies – UAH 109.7 million. The PZU Ukraine life insurance company paid out UAH 46.4 million to its clients in 2023, which is UAH 1 million more than in 2022.

*EUR 1 = UAH 42.12 (31.12.2023)