'Pasha Life Insurance' increases assets

'Pasha Life Insurance' increases assets Company unveiled net profit
April 4, 2016 14:40
'Pasha Life Insurance' increases assets

Baku. 4 April. REPORT.AZ/ Total assets of 'Pasha Life Insurance' OJSC to January 1 this year made 148,6 million manats.

Report informs citing the company, this figure is 56,8 million manats or by 62% more in comparison with the analogical period of past year.

The company's Strategic Director Israil Garayev said that during the reporting period, the company's investment portfolio increased 40,4 million manats or by 51% and made 119,0 million manats, deposit funds 40,2 million manats or by 58% and made 110,0 million manats as well as insurance reserves 43,6 million manats or by 96% and made 89,2 million manats.

I.Garayev noted that during last year, total revenues of the company was equal to 46,9 million manats, including main operating revenues 54,8 million manats, investment revenues 9,2 million manats and other revenues (revenues due to currency exchange difference) 17,9 million manats. 

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