PASHA Life Insurance sees 63% growth in net profit

As of January 1, 2019, PASHA Life Insurance OJSC’s assets amounted to AZN 346.807 million, up 66.8% from the previous year, Report informs.

Liabilities rose by 89.6% to AZN 285.203 million, total capital surged 7.2% settling at AZN 61.604 million, incomes soared 21.7% to AZN 151.09 million, expenditures went up 15.95% to AZN 124.322 million, profit tax increased by 42.7% to AZN 5.508 million. Consequently, the company ended 2018 on AZN 21.26 million in net profit, up 62.65% in comparison to a year earlier.

PASHA Life Insurance was established in 2010. Its authorized capital is AZN 40.25 million. The OJSC is 100% owned by PASHA Holding.