Standard Insurance ends 2018 on loss

As of January 1, 2019, the assets of Standard Insurance OJSC amounted to AZN 17.321 million, up 13% from the previous year.

Report informs citing the company that the liabilities rose by 33.5% to AZN 12.074 million, total capital dropped by 16.5% to AZN 5.247 million.

Incomes fell by 21.9% to AZN 13.027 million, expenditures slipped by 11.2% to AZN 14.051 million. Consequently, the company ended 2018 on AZN 1.024 million in loss in contrast to AZN 864,000 in profit in 2017.

Standard Insurance has been in operation since 2002. Its authorized capital makes AZN 11 million.