Assets of A Group Reached 20 Million Manat

The insurance company A Group unveiled financial performance for last year.

According to the report confirmed by an auditor's report, the company's revenues were at the level of 13 million 477.8 thousand manat. Most of them were direct premiums - 12 million 549.08 thousand manat, commission on reinsurance premiums - 214.8 thousand manat, investment income - 765.22 thousand manat, and there also were some non-essential items.

The costs were less - 11 million 165.23 thousand manat, of which the insurance payments were 7 million 401.98 thousand manat and return for premiums - 253.26 thousand AZN. It is noteworthy that the activity was spent 1 million 851 thousand 140 manat, and the rest was other items.

Net profit in comparison with 2013 decreased by 4.3% to 1 million 850.05 thousand 52.51 manat. Net reserves for the company declined to 787.15 thousand manat, which led to a decrease in revenues.

Last year, the company's assets grew by 9.4% to 20 million 500.81 thousand manat, the equity grew by 21.6% to 10 million 162.12 thousand manat and the liabilities decreased by 0.6% to 10 million 338.69 thousand manat. Its registered capital increased by 35.3% to 7 million 308.25 thousand manat and the amount of bank deposits increased by 12.7% to 11 million 240.42 thousand manat.

JSC A Group has been operating in the insurance market since 1996, providing services for 15 types of insurance. --17D-