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Ukraine: Providna Insurance's loss increases fivefold

February 21, 2014 - 6:00am

Ukraine-based Providna Insurance Co. has reported a net loss of 53 million Ukrainian hryvnias ($6.4 million) for 2013, a more than five-fold increase from a loss of UAH 10.3 million the year prior, reports Forinsurer.

The company's assets declined by 3.3% to UAH 781 million during the year. The insurer said it expanded its staff count to 3,296 in 2013.

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