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Xalg Insurance ends 2019 at loss

Xalg Insurance ends 2019 at loss

Xalg Insurance ended 2019 on AZN 17.656 million in loss, while it ended 2018 at a 2.25 million in profit.

Report informs that the revenues amounted to AZN 12.435 million (down 5.1% from the previous year), expenditures to AZN 30.91 million (up 2.9-fold from 2018).

As of January 1, 2020, Xalg Insurance’s assets stood at AZN 71.721 million, up 21.7% from the previous year, liabilities rose 2.9-fold to AZN 30.593 million, authorized capital went up 27.2% to AZN 57.751 million.

Xalg Insurance was established in 2004. 

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