16:10 - 23.05.2023

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May 23, Fineko/abc.az. Four out of the 20 insurance companies operating in Azerbaijan had lower financial profit last year compared with the previous year.

ABC.AZ reports that among them are Meqa Sığorta, Ipək Yolu Sığorta, Aqrar Sığorta and A-Qrup Sığorta

The largest decrease was recorded on A-Qrup Sığorta (94.4%) and the smallest on Meqa Sığorta (3.8%).

The financial profit of eight insurance companies increased – Meqa Həyat Sığorta, PAŞA Həyat Sığorta, Qala Həyat Sığorta, Xalq Həyat Sığorta, Atəşgah Həyat Sığorta, PAŞA Sığorta, Qala Sığorta and Naxçıvan Sığorta. The highest dynamics was recorded on Meqa Həyat Sığorta (3.2-fold) and the lowest on Naxçıvan Sığorta (11.7%).

Financial losses of one insurance company - Günay Sığorta – increased by 9.1%, and 2 insurance companies - Azərsığorta and Atasığorta – decreased by 26.9% and 74.6%, respectively.

Four insurance companies - Atəşgah Sığorta, Azerbaijan Industrial Insurance, AzSigorta and Xalq Sığorta – suffered financial losses last year, but received financial profit in the previous year, and one insurance company - Bakı Sığorta suffered financial losses last year. Therefore, it was not possible to calculate the dynamics of financial profits/losses of these companies.