Financial Highlights for 9M 2008
GWP growth by 60% in 9M08, mainly driven by continued step-up in motor hull and property insurance segments.
The total assets was UAH 485 557,7 thous. in 9M08 (84,48% up compared to UAH 263 202,6 thous. in 1H07).
The total equity growth as of 01/10/08 totaled to UAH 262 856,0 thous. (up 77,31% y-o-y).
Key financial indicators |
(thousand UAH) |
| 01.10.2006 |
01.10.2007 |
01.10.2008 |
authorized capital |
60 000,00 |
100 000,00 |
114 800,0 |
owner’s capital |
91 550,00 |
148 247,90 |
262 856,0 |
guarantee fund |
29 162,20 |
29 380,00 |
4 093,4 |
insurance reserves |
55 475,40 |
78 101,30 |
149 496,0 |
total assets |
161 387,90 |
263 202,60 |
485 557,7 |
The Company has reported UAH 149 496,0 thous. in insurance reserves (91,41% up from UAH 78 101,3 thous. in 9M07).
During the 9M08 Universalna raised non-life GWP to UAH 277 760,7 thous. (posting 57,2% growth compared to UAH 176 719,3 thous. in 9M07).
Insurance Payments Structure
| Types of insurance |
as of 01.10.2006,
thousand UAH |
as of 01.10.2007,
thousand UAH |
as of 01.10.2008,
thousand UAH |
| MOD |
35 231,7 |
67 207,7 |
109 305,7 |
| OMTPL |
12 911,1 |
20 639,7 |
32 980,6 |
| Green Card |
20 342,5 |
25 104,6 |
29 839,4 |
| Property |
22 021,8 |
30 549,7 |
58 769,6 |
| Personal |
9 595,3 |
10 273,0 |
19 556,7 |
| Other |
19 490,1 |
22 944,6 |
27 308,7 |
| Total: |
119 592,5 |
176 719,3 |
277 760,7 |
The Company’s total claims paid to the clients were UAH 92 352,1 thous. (66,13% up from UAH 55 589,8 thous. in 9M07).
Insurance Pay-Offs Structure
| Types of insurance |
as of 01.10.2006,
thousand UAH |
as of 01.10.2007,
thousand UAH |
as of 01.10.2008,
thousand UAH |
| MOD |
18 808,9 |
33 956,8 |
59 284,6 |
| OMTPL |
3 505,6 |
4 898,9 |
12 439,3 |
| Green Card |
8 636,8 |
9 619,4 |
12 467,6 |
| Property |
1 521,2 |
680,8 |
2 568,0 |
| Personal |
2 431,9 |
3 863,4 |
4 907,8 |
| Other |
1 064,1 |
2 570,5 |
684,8 |
| Total: |
35 968,5 |
55 589,8 |
92 352,1 |
Insurance Premiums Dynamics for 9 months of 2006-2008
| Index |
01.10.2006 |
01.10.2007 |
01.10.2008 |
| Payments, thousand UAH |
119 592,50 |
176 719,30 |
277 760,70 |
Insurance Pay-Offs Dynamics for 9 months of 2006-2008
| Index |
01.10.2006 |
01.10.2007 |
01.10.2008 |
| Pay-offs, thousand UAH |
35 968,50 |
55 589,80 |
92 352,10 |
Indices Dynamics for 9 months of 2006-2008
| Index |
01.10.2006 |
01.10.2007 |
01.10.2008 |
| Income, thousand UAH |
79 352,10 |
125 551,30 |
185 348,10 |
During the 9M08 the Company’s net earned premiums increased up to UAH 185 348,1 thous. (up 47,63% y-o-y, compared to UAH 125 551,3 thous.).
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Financial Figures
