INGO Increases Insurance Premiums by 48% in 2025 to UAH 5.05 Billion

In 2025, INGO Insurance Company generated UAH 5.05 billion in gross written premiums, representing a 48% increase compared to 2024 and marking the highest annual premium volume in the company’s history. In U.S. dollar terms, gross premiums amounted to approximately USD 120 million. The company’s performance results were announced by CEO Andrii Semchenko.

Net profit for 2025 reached UAH 348 million, up 33% year-on-year. Total assets increased to UAH 2.18 billion (+44%), while shareholders’ equity grew to UAH 1.5 billion (+21%). Claims paid during the year totaled UAH 2.21 billion, a 41% increase compared to the previous year and one of the highest annual claims payment volumes in the company’s operating history. Insurance reserves amounted to UAH 3.58 billion, reflecting growth of 40%. The combined ratio for the year stood at 96.1%. The company paid UAH 223 million in taxes to state and local budgets, an increase of 39% year-on-year. The total number of insurance contracts in force increased by 17% to 879,000.

According to the company, its market share in property insurance increased from 12.9% to 17.6%, while its overall non-life market share rose from 7,2% to 7,7%. In the corporate insurance segment, INGO holds the leading position in terms of gross written premiums, particularly in property, marine, aviation and railway risk insurance (according to NASU data). The most significant growth was recorded in compulsory third-party liability insurance (CTPLI), where premiums reached UAH 1.24 billion compared to UAH 445 million in 2024 (+178%). The property insurance portfolio (including MAT and liability lines) amounted to UAH 1.59 billion, reflecting growth of 70%. Voluntary health insurance (VHI) premiums reached UAH 867 million (+21%), while CASCO motor insurance premiums also totaled UAH 867 million (+17%).

In the retail segment, the company reported an increase in the share of policies issued to individuals within the overall portfolio. Premium growth in the retail segment matched or exceeded that of the corporate segment. In 2025, INGO launched a mobile application for clients as part of the continued development of its omnichannel service model.

The company also highlighted its participation in the European Bank for Reconstruction and Development (EBRD) war risk insurance program, developed jointly with the international insurance broker Aon. INGO was among the first Ukrainian insurers to join the program and secured the largest coverage limit among domestic insurers — EUR 50 million. In 2025, the program provided coverage for domestic cargo transportation, leasing portfolios and vehicle fleets, as well as interim storage of goods in ports.

In 2026, the company intends to focus on maintaining a balanced and diversified portfolio structure, further expanding the retail segment, and continuing participation in international war risk reinsurance programs. Sustaining operational efficiency and disciplined execution of financial targets remains a strategic priority.

Reference Information:

INGO Insurance Company is one of the leading insurers in Ukraine, providing insurance solutions to corporate and retail clients across all major lines of business. Established in 1994, the company ranks among the top three insurers in Ukraine by assets and gross written premiums. INGO has a strong reputation as a financially sound partner and socially important institution and plays a significant role in supporting the Ukrainian economy. On December 29, 2025, the rating agency IBI-Rating affirmed the company’s long-term credit rating at uaAA and its insurer financial strength rating at uaAA.ifr, both with a “developing” outlook.