The company is the legal successor of State Insurance of the Ukrainian SSR, a division of Gosstrakh USSR.

[2] The company traces its existence back to 1921, when the state insurance system was created in the Ukrainian SSR.

After the collapse of the Soviet Union and Ukraine's independence, the republican affiliation of the Gosstrakh, established on November 25, 1921, was incorporated as Ukrderzhstrakh (Ukrainian: Укрдержстрах).

[3] On September 7, 1993, it was transformed into the National Joint-Stock Insurance Company Oranta, the founder of which was the State Property Fund of Ukraine.

In December 2021 businessman Olaksandr Yaroslavsky gained majority shares in the company.