id: 33726
Назва: Assessment of the financial results of the insurance company
Автори: Aleskerova Y., Kachur I.
Ключові слова: insurance company, SC "UPSK", financial result, profit, insurance market, activity of the insurer, financial analysis, insurance protection
Дата публікації: 2023-08-25 08:16:29
Останні зміни: 2023-08-25 08:16:29
Рік видання: 2023
Аннотація: The insurance market was studied, which is an important sector of the market infrastructure, which significantly affects the state of the financial and credit system in the country. World trends show the relationship between the level of development of the insurance business and the economic development of the state. In many developed countries of the world, insurance companies are not inferior to banking institutions in terms of concentrated capital. It is noted that the effective functioning of the insurance market provides a favorable environment for insurance protection for all business entities. It has been proven that the funds accumulated by the insurance company will be transformed into investment resources in the future, the summarizing indicator of the insurance company`s financial activity is the financial result. The financial result is the basis of the economic and social development of the enterprise, which creates a financial basis for the self-financing of the enterprise`s activities. In scientific literature and in practical activities, the concepts of financial result and profit are often equated. It is justified that the term "financial result" is broader than "profit", since the financial result of the enterprise can be expressed in one of two forms – profit or loss. The financial result of an insurance company is an economic summary of the financial and economic activity of the insurer for the reporting period, reflected in the form of profit or loss, which indicates the success or failure of the insurance business in quantitative and qualitative terms. In this study, the object of research is SC "UPSK". The process of evaluating financial results involves conducting an analysis that is characterized by a variety of forms. Financiers of an insurance company need to correctly assess the situation and choose exactly the form of analysis that will provide the most comprehensive information for the development of profit management measures in order to increase it. Planning the financial results of an insurance company is a rather important process that requires the calculation of forecasted indicators. After the analysis, we can come to the conclusion that the financial position of PJSC "Ukrainian Fire Insurance Company" is quite favorable. In general, during the analyzed period, the income of the insurance company decreased by UAH 213,889 thousand. This dynamic is explained mainly by the decrease in operating income, as well as by a significant decrease in insurance premiums. But the SC did not break even during the investigated period, in 2020–2021 the amount of net profit was low – 196 thousand hryvnias. and 288 thousand hryvnias. accordingly. But in 2022, the net profit of the SC amounted to UAH 57,220,000.
URI: http://repository.vsau.org/repository/getfile.php/33726.pdf
Тип виданя: Статті у наукових фахових виданнях України (Copernicus та інші)
Видавництво: Інфраструктура ринку. 2023. Вип. 73. С. 144-156. DOI: https://doi.org/10.32782/infrastruct73-26
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Файл : 33726.pdf Розмір : 729405 байт Формат : Adobe PDF Доступ : Загально доступний

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