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Capitalization of Azerbaijani insurance company increases

8 February 2019 15:36 (UTC+04:00)
Capitalization of Azerbaijani insurance company increases

By Trend

AzInsurance, Azerbaijan’s insurance company, completed 2018 with a profit of 4.7 million manats, chairman of the company’s board Anar Talibov said at a press conference, Trend reports Feb. 8.

He said that the company’s compulsory and voluntary insurance premiums over the past year exceeded 20 million manats. The volume of insurance payments amounted to 8 million manats, he noted.

Total assets’ volume didn’t change and remained at 61 million manats, he added.

At the same time, the company’s mid-term assets increased from 53.6 million manats in 2017 to 54.1 million manats in 2018, Talibov said.

He noted that the company’s capitalization increased to 34.7 million manats in 2018 (a year earlier it was 29.9 million manats).

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