EUROASIA INSURANCE Rises to Top 3 in Uzbekistan with $43M Growth Plan

JSC "EUROASIA INSURANCE" has secured its position among the top three most capitalized insurance companies in Uzbekistan, while approving a strategic plan to increase its authorized capital to $43 million and accelerate digital transformation in 2026.

According to the Central Securities Depository of Uzbekistan, as of February 1, 2026, EUROASIA INSURANCE ranks third in the TOP-10 insurance companies by authorized capital — 286.8 billion UZS, trailing only Apex Insurance (900.0 billion UZS) and O'zbekinvest (303.4 billion UZS). This confirms the company's stable position among industry leaders amid the country's rapidly growing insurance market.

Record Market Growth and EUROASIA INSURANCE's Position

Uzbekistan's insurance sector demonstrates impressive dynamics: the total volume of shares of 49 insurance companies has exceeded 4.3 trillion UZS, and the total number of investors reached 13,081 individuals, of which 98% are individual investors. Notably, government entities account for only 2% of the total issued shares — indicating the maturity of the private insurance market and a high level of competition. Meanwhile, the top ten companies by capitalization account for 55.3% (2.4 trillion UZS) of the entire market, with EUROASIA INSURANCE confidently included in this elite group.

Source: Central Securities Depository of Uzbekistan, data as of February 1, 2026

New Share Issue and Strengthening of Capital Base

On November 26, 2025, JSC "EUROASIA INSURANCE" registered a new issue of 200 million shares at a placement price of 2,134.32 UZS per share — totaling 429.4 billion UZS (≈ $45.7 million). Of these, 100 million shares worth 214.7 billion UZS (≈ $22.85 million) have already been placed among shareholders. Following the placement, the Company's authorized capital amounts to 186.80 billion UZS, and including additional paid-in capital, it reached 301.54 billion UZS (≈ $25.12 million).

The Supervisory Board approved a plan to increase the authorized capital to an amount equivalent to $43 million: by the end of 2026, the authorized capital is planned to grow to 286.80 billion UZS, which, including additional paid-in capital, will total 516.27 billion UZS (≈ $43.02 million).

Strategic Priorities for 2026

The 2026 business plan, approved by the Supervisory Board, envisages comprehensive development across several key areas. Regarding financial stability, the company aims to increase its equity to 600 billion UZS and total assets to 1.0 trillion UZS, as well as improve its international rating. In terms of digital transformation, plans include expanding the product range on the website and mobile application, enhancing underwriting based on international standards, and developing digital marketing. Special attention is given to the quality of client service: the company intends to establish fast and transparent claims settlement mechanisms and develop specialized solutions for various market segments. Additionally, diversification of investment activities and raising insurance awareness among the population are planned.

"The approved strategy reflects our confidence in the potential of the Uzbek insurance market and our readiness to become a truly international company. We are steadily moving towards offering clients world-class products, leveraging digital technologies and transparent corporate governance," the company's official statement reads.

About the Company

JSC "EUROASIA INSURANCE" is one of Uzbekistan's leading insurance companies, offering a wide range of insurance products for individual and legal entities: auto insurance (E-OSAGO, KASKO), travel, health, and property insurance. The company actively develops digital sales and service channels, supports international partnerships, and is focused on long-term sustainable growth.

Media Contacts:

JSC EUROASIA INSURANCE

Call Center: 1147

Phone: +998 71 207-91-93

Email: info@eai.uz