Universalna Insurance Reports 1H Results
7 August 2008
Universalna Insurance (SKUN: HOLD) released official 1H figures yesterday showing growth in non-life gross written premiums of 49% yoy to USD 21.7 ths. The company’s total claims paid came to USD 6.8 ths an increase of 42% yoy and its net income came to USD 136 ths. The company plans to continue focusing on the CASCO and property insurance segments, two of the most popular segments in the Ukrainian market. Alexander Viktorov: Universalna’s mid-term results are in line with our full-year forecast for gross written premiums of USD 48.8 mln.
