Report presents the ranking of insurance companies operating in Azerbaijan by the amount of expenses recorded in January–March 2026.
| № | Insurance companies | Expenses (million manats) | Dynamics |
| 1 | PASHA Life Insurance | 141.523 | 28.2% |
| 2 | PASHA Insurance | 77.925 | 29.9% |
| 3 | Ateshgah Life Insurance | 24.396 | 2.2 times |
| 4 | Gala Insurance | 17.156 | -14.1% |
| 5 | Ateshgah Insurance | 15.439 | 2.5% |
| 6 | Azerbaijan Industrial Insurance | 9.090 | 29.3% |
| 7 | Mega Insurance | 7.415 | 12.3% |
| 8 | Silkway Insurance | 6.379 | -8.9% |
| 9 | Xalq Insurance | 5.936 | 16.1% |
| 10 | A-Group Insurance | 4.984 | 8.8% |
| 11 | Gala Life Insurance | 4.642 | 34.6% |
| 12 | Xalq Life Insurance | 3.560 | 2.8% |
| 13 | Mega Life Insurance | 2.867 | 17.8% |
| 14 | Azinsurance | 2.307 | -0.9% |
| 15 | Agro Insurance | Did not declare | Did not declare |