Ranking of insurance companies in Azerbaijan by liabilities (01.01.2026)

№

Insurance companies

Liabilities

(million manats)

YoY change

1

PASHA Life Insurance

688.859

0.8%

2

PASHA Insurance

290.304

12.0%

3

Ateshgah Life Insurance

129.374

23.6%

4

Gala Insurance

60.917

9.3%

5

Ateshgah Insurance

48.524

-24.1%

6

Xalq Insurance

29.631

-0.5%

7

Mega Insurance

27.737

1.4%

8

Azerbaijan Industry Insurance

26.153

43.1%

9

Gala Life Insurance

24.199

30.0%

10

Mega Life Insurance

19.612

-42.7%

11

A-Group Insurance

15.981

13.6%

12

Xalq Life Insurance

14.060

11.1%

13

Azinsurance

10.732

-9.6%

14

Agro Insurance

7.762

-36.7%

15

Silkway Insurance

6.718

-4.8%

16

Atainsurance

-

-

Total

1,400.563

3.5%