This insurer reserved premiums and incurred losses


April 3, Fineko/abc.az. Xalq Sigorta has published the data on its financial indicators.

ABC.AZ reports with reference to Company's data that out of AZN 28.355 million accumulated last year, AZN 18.166 million were directed for reserving, which led to a drop in total revenues and damage to Xalq Sigorta.

For comparison, in 2018 Xalq Sigorta collected premiums for AZN 14.49 million and paid compensations for AZN 3.81 million. In 2019 these figures amounted to AZN 28.355 million and AZN 15.919 million respectively.