Pasha Holding`s assets in insurance sector exceed half a billion manats


July 9, Fineko/abc.az. PASHA Holding LLC’s assets in the insurance sector amounted to AZN 529.448 million on 1 January of the current year that is by 43.5% more than by 1 January 2018.

During the reporting period holding’s total liabilities in the sector increased by 60.4% up to AZN 393.018 million, while total capital grew by 10.1% up to AZN 136.43 million.

In 2018, the group's pre-tax profit in the insurance sector amounted to AZN 55.239 million (by 36.5% more than in 2017), payment of profit tax AZN 11.378 million (26.7% more), and net profit AZN 43.861 million (39.3% more).

In the insurance sector PASHA Holding is represented by companies PASHA Sigorta and PASHA Hayat Sigorta. Company's charter capital is AZN 92.5 million. They are 100% subsidiaries of the holding.