PASHA Insurance sees 71% growth in net profit

As of January 1, 2019, PASHA Insurance OJSC’s assets stood at AZN 174.825 million, up 14.2% from the previous year, Report informs.

Liabilities rose by 14.9% to AZN 99.828 million, total capital surged 13.4% to AZN 74.997 million, incomes soared 20.3% to AZN 134.365 million, expenditures went up 11.4% to AZN 106.015 million, profit tax increased by 74.5% to AZN 5.934 million. Consequently, the company ended 2018 on AZN 22.416 million in net profit, up 71.2% in comparison to a year earlier.

PASHA Life Insurance was established in 2010. Its authorized capital is AZN 50 million. The OJSC was 100% owned by PASHA Holding.