Damage to Standard Insurance has grown sharply - by about AZN 2 million


April 10, Fineko/abc.az. Standard Insurance completed 2019 with net loss of AZN 1.774 million.

ABC.AZ reports with reference to company's financial statements, Standard Insurance has suffered damage for the two consecutive years. Thus, in comparison with 2018, the net loss of Standard Insurance increased by 73.4% for 2019.

Last year insurer’s total revenue amounted to AZN 11.48 million and total expenditures AZN 13.257 million. Due to the fact that company's losses exceeded its revenues, a loss of AZN 1.774 million was formed.