In the fist quarter of 2008 Universalna gathered UAH 88.703 million insurance premiums2008-05-16
Due to the increase in ground transport vehicles and property insurance by results of the 1st quarter of 2008 allocated gross premiums growth in Universalna Insurance Company reached 80 per cent.
Within the 1st quarter of 2008 gross premiums allocated by risky Universalna Insurance Company reached UAH 88,702.90 thou., which for 79.33 per cent exceeds the 1st quarter of 2007 with figures reaching 4 Universalna Insurance Company UAH 9, 462.70 thou.
Companys total compensations to customers made UAH 29,976.80 thou. which for 73.3 per cent exceeds the identical figures of the1st quarter of 2007 (UAH 17,298.50 thou.).
Companys insurance reserves for the 1st quarter of 2008 make UAH 95,228.50 thou. which for 54.8 per cent exceeds the reporting period figures for the 1st quarter of 2007 (UAH 61,526.90 thou.).
The statutory fund of Universalna Insurance Company as of April 1, 2008 made UAH 114, 800.00 thou. As of April 1, 2007 this figure made UAH 60,000.00 thou.
Companys total assets made UAH 474,141.20 thou. The Companys figures of the 1st quarter of 2008 exceed the figures of the identical period of 2007 (UAH 209,845.30 thou.) for 125.95 per cent.
The growth of the Universalna Insurance Companys own capital made 179.67 per cent as compared to the identical period of 2007. As of April 1, 2008 this figure was fixed at the level of UAH 302,667.90 thou.
Companys income within the 1st quarter of 2008 increased to reach UAH 62,567.30 thou. which for 67.96 per cent exceeds the figures of the 1st quarter of 2007 (UAH 37,250.90 thou.)
KASKO remains one the key products to trigger the steep growth of the Universalna Insurance Companys portfolio for the reporting period. Growth of premiums collected from insurance this insurance type policy sale made 116, 43 per cent (as compared to the identical period of the 1st quarter of 2007) to constitute UAH 33,930.90.
The second insurance product offered by Universalna Insurance Company to collect most of all gross premiums is the mandatory civil and legal responsibility insurance for ground transport vehicles owners (MCR). This insurance types growth within the 1st quarter of 2008 reached 295.4per cent as compared to the 1st quarter of 2007 total collected payments UAH 14,827.60 thou. of insurance payments.
Property insurance became the 3rd key insurance type for Universalna Insurance Company for the 1st quarter of 2008. Property segment growth increased to reach 62.7 per cent. This makes UAH 16,005.70 thou. of premiums as compared to UAH 9,837.90 thou. collected for the 1st quarter of 2007.
Within the 1st quarter of 2008 Universalna Insurance Company broadened its own network to include 30 more departments.
In particular, Universalna Insurance Company opened 2 new departments in Bila Tserkva and Fastiv, Kyiv Region. The number of Donetsk regional direction departments expanded to include 23 departments due to «Oradon» Insurance Companys joining, one of the property rights and liabilities heirs to the former «Ukrderzhstrakh».
Universalna Insurance Company opened 2 more departments in Dnipropetrovsk region, namely, in Dniprodzerzhynsk and Kryvyi Rih, and one more Department in Kharkiv region. (Pervomaysk) Universalna Insurance Companys 2 departments opened in Khmelnytsk Region in Kamyanets-Podilskyi and Derazhnya.
Within a year Universalna Insurance Company plans to extend its presence up to Cherkasy Region. It is planned to open 3 more departments in this region.
For the time being Universalna Insurance OJSC counts up to 115 branches and departments all over the country.
Moodys Investors Service International Rating Agency announced in the 1st quarter of 2008 of the initial awarding the Universalna Insurance Company with the financial insures stability rating according to the global scale at the В3 level. Rating forecast is estimated as «constant».
At the beginning of 2008 it was decided to establish an CJSC "Universalna Assets Management Company «By resolution of the Meeting it was resolved to establish a statutory capital of «AMC» CJSC to amount UAH 2,500.000.