AzRe Tekrarsigorta has released a report on reinsurance - profit increased


March 18, Fineko/abc.az. Azerbaijan's first and only reinsurer AzRe Tekrarsigorta completed the last year with net profit of AZN 25.586 million.

ABC.AZ reports with reference to Company's report that AzRe's profit doubled for 2019 against 2018. Thus, AzRe completed 2018 with net profit of AZN 25.64 million.

Last year reinsurer’s total income reached AZN 60.38 million and total expenditures AZN 28.438 million. For comparison, in 2018 Company's total earnings amounted to AZN 63.185 million and total expenses AZN 31.919 million.