Ateshgah Insurance sees decline in loss

As of January 1, 2019, the assets of Ateshgah Insurance OJSC amounted to AZB 42.117 million, down 2% from the previous year.

Report informs citing the company that liabilities rose by 0.5% to AZN 30.166 million, total capital dropped by 7.9% to AZN 11.951 million.

Incomes surged by 3.5% to AZN 40.964 million, expenditures soared by 2.8% to AZN 41.734 million. Consequently, the OJSC ended 2018 on AZN 770,000 in loss, down 25% in comparison to a year earlier.

Ateshgah Insurance was established in 1996. Its authorized capital is AZN 5,008,500.