Azerbaijan-based 12 insurers avoid disclosing half-year financial statements - MONITORING

​Azerbaijan-based 12 insurers avoid disclosing half-year financial sta

A-Group OJSC, Ateshgah Life Insurance OJSC, Ateshgah Insurance OJSC, Azerbaijan Industry Insurfance OJSC, Azsigorta OJSC, Nakhchivan Insurance OJSC, PASHA Life Insurance OJSC, PASHA Insurance OJSC, Gala Insurance OJSC, Xalg Life Insurance OJSC, Xalg Insurance OJSC and Azersigorta have not disclosed their financial statements for the first half year of 2019, Report informs.

Nakhchivan Insurance has not even disclosed the financial statements for 2018.

Amrah Insurance OJSC, Ata Insurance OJSC, AXA Mbask OJSC, Baki Insurance OJSC, Gunay Insurance OJSC, Silk Way Insurance OJSC, Mega Insurance OJSC, Gala Life Insurance OJSC, Ravan Insurance OJSC and Standard Insurance OJSC made public the financial statements for the first half of 2019. 9 out of these insurers ended the first half on profit.

Insurers Half-year profit/loss (AZN, million)
1 MegaInsurance 2.283
2 Gala Life Insurance 1.229
3 Silk Way Insurance 1.143
4 Ata Insurance 1.113
5 Ravan Insurance 0.445
6 Gunay Insurance 0.439
7 Standard Insurance 0.283
8 Amrah Insurance 0.141
9 BakiInsurance 0.022
10 AXA Mbask - 0.177
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