UKRAINE: In 9M2023 ARX expands its business by 41% to UAH 2.8 billion

30 October 2023 — Marina MAGNAVAL
ARX, one of the top non-life insurers in Ukraine, collected almost UAH 2.8 billion (EUR 71.46 million) for 9 months of 2023, which is 41% more y-o-y. The company's paid claims exceeded UAH 988 million (+27%), and the number of contracts increased by 102%, Forinsurer reports.

Being a leader in the Motor Hull market, ARX collected over UAH 1.4 billion in this segment (+35.5%). MTPL GWP reached UAH 208 million (+29%), in health insurance the company generated over UAH 460 million (+25.9%), in property insurance - more than UAH 321 million (+43.3%).

For 9 months of 2023, the company paid over UAH 304 million in taxes to the state budget, which is one of the highest results in the insurance market of Ukraine.

*EUR 1 = UAH 39.18 (01.10.2023)



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