'Gunay Insurance' OJSC’s collections soar 40-fold

Baku. 14 December. REPORT.AZ/ ‘Gunay Insurance’ OJSC’s collections in January-November 2016 amounted 453 648 AZN, which is 39.52 times higher than the figure in the same period of 2015, Report informs.

Growth in income is mostly conditioned by purchase by ‘Gunay Insurance’ of assets of liquidated ‘Buta Insurance’ worth 1 839 919 AZN on June 30.

Company’s payments also rose in reporting period. Thus, payments in 11 months make up 161 307 AZN, which is 96.38% more in annual comparison.

In January-November of this year ‘Gunay Insurance’ returned to clients only 6.57 AZN for each 100 AZN of insurance premium due to known reason. This correlation in January-November of 2015 was 132.31 percent. It means that in the same period of previous year the company’s payments exceeded its income by 32.31%.

Notably, ‘Gunay Insurance’ was founeded in 1992. Its authorized stock capital is 7.7 mln AZN. The company’s stock consists of 7700 shares each par value 1000 AZN. 71.94% of shares belong to Yegana Mammad gizi Shirinova, 16.61% to ‘Gunaybank’ OJSC and 11.45% to Khanim Nadir gizi Mammadova.