Amount of tax paid by insurers last year announced


May 11, Fineko/ Azerbaijan has published the financial indicators of the insurance sector for 2021.
ABC.AZ reports that the insurance sector expenditures decreased by 4.5% to AZN 842.299 million. Compensation payments totaled AZN 497.117 million (a rise of 0.8%), reinsurance payments AZN 112.405 million (decrease of 27.1%), work expenses AZN 197.6 million (a rise of 1.7%).
In 2021, insurers paid income tax in the amount of AZN 15.295 million (decrease of 5.3%).