The financial stability rating of Knyazha Life Insurance Company has been confirmed at uaAA+.

On March 13, 2018, the Standard-Rating Rating Agency confirmed the highest financial stability rating/credit rating for the Private Joint-Stock Company IC "Knyazha Life VIG" at the level of uaAA+.​

The uaAA+ rating is assigned to insurers with very high financial stability.

In making the decision to confirm the rating at such a high level, the Agency was guided by the results of the work of IC "Knyazha Life VIG" for 2017.

In particular, the company's activities, despite the rather tense economic situation in Ukraine, remain profitable and profitable. Net profit for 12 months of 2017 amounted to about 0.5 million UAH, and the return on equity was 0.97%.​

Other key indicators of the Insurance Company «Kniazha Life VIG» for the specified period also demonstrated positive dynamics:

• Assets increased by 16.5% to 381.1 million UAH;
• Equity increased by 0.5% to 48.3 million UAH;
• Acquisition costs decreased by 37.7% to 25.5 million UAH.​

At the beginning of 2018, equity covered 14.5% of the liabilities of the Insurance Company «Kniazha Life» VIG», 29.4% of liabilities were covered by highly liquid assets (cash), 5% by real estate owned by the company, 51% by government bonds.​

As experts from RA "Standard-Rating" note, the financial stability of IC "Kniazha Life VIG" is ensured, along with other factors, thanks to strong external support from the main shareholder Vienna Insurance Group, which is one of the leading companies in the insurance market in Europe.

Source: Press center of the insurance company "Knyada Life"