• Scaling of property insurance: This segment is becoming one of the main market drivers. The number of concluded property protection contracts increased by 10%, which is a direct response to the expansion of programs covering the consequences of armed aggression. At the same time, a colossal pool of future indemnities is being formed: the volume of reported claims currently in the settlement process and awaiting fund transfer amounts to UAH 3.2 billion. According to NASU’s special reporting, at least UAH 1 billion of this amount is reserved specifically to cover losses caused by the war.

• MTPL (Motor Third Party Liability): This segment continues to generate a rapid increase in insurance payouts, recording a 102% growth. Furthermore, this specific type of insurance brought the highest tax revenues to the budget (at a 3% income tax rate), accumulating UAH 328.5 million.

• Distribution channels: The offline model of customer acquisition maintains its strong position: almost two-thirds (62%) of all contracts were concluded through agents.

• Health insurance: In the health protection segment, the loss ratio remains stable, predictably fluctuating within the 67–70% corridor.

• Industry capitalization: The total pool of eligible assets of the insurance sector increased by 24%.

• Financial stability: The total net profit of the industry reached UAH 3.9 billion. At the same time, the overall state of the market is extremely healthy — negative financial results were recorded by only 6 companies.

Based on the results of early 2026, we can highlight the following key facts:

• MTPL demonstrates an unprecedented surge in insurance payouts of +104%, but the lion’s share of these payments “returns” to the country’s economy due to the prioritization of direct payments to vehicle service stations.

• Traditional sales remain a priority: 56% of policies were sold through agency networks.

• Travel Insurance. A substantial increase in payouts (+40%) significantly outpaces premium growth (+17%).

• Health Insurance. The loss ratio “traditionally” holds steady at 70%.

• Property Risks. While payouts for “property” insurance lines amounted to UAH 132 million, reported claims (reserves for future payouts) reached a striking UAH 3.4 billion. This indicates an impending “surge” in actual insurance indemnities. It means insurers are processing claims with potential payouts in the billions of hryvnias, which are undoubtedly driven by “war risks.”

• MTPL remains the leader in paid income tax on insurance contracts (the 3% tax), amounting to UAH 150.9 million.

• The overall eligible assets of the market grew by 28%.

• Employee payroll expenses account for over 50% of the costs related to insurance activities.

• The net financial result of the market totaled +UAH 1.2 billion.

By the end of 2025, MTPL (Motor Third-Party Liability) has finally solidified its status as a key driver, accounting for 35% of the entire market. Premium volumes in this segment more than doubled (+122%):

• The average policy cost reached UAH 3,313. This was a forced reaction to the sharp rise in repair costs – the average loss for 2025 amounted to UAH 45,050.

• The upward trend in costs is only intensifying. As of the end of February 2026, the average payout increased to UAH 57,556.

• The combined operating ratio decreased to 102.4%. This indicates that the market is close to an equilibrium point in the search for a “fair price” against the backdrop of a rapid increase in insurance payout amounts.

• Traditional sales remain a priority – 57% of policies were sold through agency networks, while online aggregators crossed the 15% mark for MTPL.

In other lines of business, a “cautious” positive recovery is observed:

• Travel Insurance. Premiums grew to UAH 1.8 billion (+67%), indicating an uptick in foreign travel; however, the combined operating ratio is still too high at 100.7%.

• Health Insurance. With payouts exceeding UAH 5.6 billion, the segment demonstrates a “traditional” loss ratio of 70.6%.

• Property Risks. Payouts increased by 83% (primarily due to war risk coverage). Despite the line’s unprofitability (combined operating ratio of 111%), insurers continue to provide property protection against the consequences of war. (excluding an anomalous outlier – a large loss of a single insurer)

• From MTPL premiums alone, UAH 622.5 million was paid to the budget (+95% compared to 2024) in insurance income tax (3% tax) (this is more than a third of all industry tax revenues under the 3% rate).

• Only 7 out of 47 non-life insurers recorded a net loss based on the 2025 results. The net profit of the non-life market amounted to UAH 4.9 billion.