Only 12 insurers release H1 financial statements in Azerbaijan - MONITORING

October 13, 2018 15:31

Baku. 13 October. REPORT.AZ/ According to research by Report, 12 out of 21 insurers in Azerbaijan did not release financial statements for the first half of 2018.

These companies are A-Group Insurance, Ateshgah Life Insurance, Ateshgah Insurance, Azerbaijan Industry Insurance, Azsigorta, Xalg Insurance, Gala Life Insurance, Gala Insurance, Nakhchivan Insurance, PASHA Life Insurance, PASHA Insurance, as well as Azerbaijan State Insurance Commercial Company.

Nakhchivan Insurance has not released financial statements for 2017 either.

AXA Mbask, Amrah Insurance, Ata Insurance, Baku Insurance, Gunay Insurance, Silk Way Insurance, Mega Insurance, Ravan Insurance and Standard Insurance released financial statements for the first half of 2018. Of this, 4 insurers ended the first half on profit, 5 - on loss.

№	Insurers	Half-year profit (loss) (mln. manat)
1	“Mega Sigorta”	2.530
2	“Silk Way Insurance”	1.119
3	“BakuSigorta”	0.299
4	“Gunay Insurance”	0.276
5	“Ravan Insurance”	(0.066)
6	“AXA Mbask”	(0.098)
7	“Amrah Insurance”	(0.139)
8	“Standard Insurance”	(0.375)
9	“Ata Insurance”	(2.350)