UTICO HAS ENTERED IN TO ITS ANNIVERSARY YEAR WITH EXTREMELY HIGH RATES OF ECONOMIC GROWTH
11.03.2004 г.

For the Ukrainian transport insurance company (UTICO) 2003 became a new boundary of swift increasing of results of own economic activities. And high rates of development on a lot of economic parameters are already traditional for UTICO, characterizing in whole its official style. So, in 2003 in comparison with previous year the sum of insurance receipts of UTICO has increased at 143 %, the income of insurance activity – at 151 %, a normative reserve of solvency – at 167,1 %, an actual reserve of solvency – at 678,7 %, insurance reserves – at 137 %, the sum of insurance payments – at 122,3 %. The authorized capital of the company in comparison with 2002 has grown in 10 times, and in comparison with 2000 year - when a present stage of modernization began – in 79 times. The declared issue of shares has been realized precisely in volumes and in the terms determined by assembly of shareholders. Now the authorised capital of the UTICO is HRN 100 million.

2004 for the Ukrainian transport insurance company – is the anniversary: 10 years of its activity. And UTICO aspires to meet pleasant anniversary on positions of one of the leaders of the Ukrainian insurance market.