Xalq Sığorta is in a difficult situation - profits decreased 3-fold

11:57 - 3.04.2025


April 3, Fineko/abc.az. Xalq Sığorta OJSC completed 2024 with net profit of 4.79 million manats.In 2023, the company earned 12.466 million manats (almost 3-fold less than a year earlier).

ABC.AZ informs, referring to the financial report of this insurance company, that last year Xalq Sığorta's revenues totaled 28.843 million manats (33% less than a year earlier) and expenses - 24.874 million manats (22% less).

According to Xalq Sığorta estimates, insurance premiums amounted to 24.46 million manats in 2023 and 24.606 million manats in 2024.