Assets of Insurance Company Alfa Sigorta Decreased by 0.8%

In 2014, the assets of the insurance company Alfa Sigorta decreased by 0.8% - to 13 million 129.27 thousand manat and the liabilities - by 4% to 4 million 980.05 thousand manat, while the shareholders' equity increased by 1.3% - up to 8 million 149.22 thousand manat. Last year, the net profit amounted to 106 thousand manat (4.8 times more than a year before).

According to the financial structure, supported by the auditor's report, total revenues were at the level of 6 million 588.48 thousand manat. Considerable part of this were premiums (5 million 198.66 thousand manat) and investment income - 490.52 thousand manat.

Expenses were at the level of 6 million 482.48 thousand manat. The volume of insurance payments was 2 million 43.06 thousand manat, to conduct insurance business - 2 million 730.26 thousand manat, to the risks ceded for reinsurance - 1 million 400.15 thousand manat, and the remaining expenses amounted to other articles.

The volume of deposits of the company placed in banks increased by 9.7% - up to 6 million 640 thousand manat.

Alfa Sigorta received a license to operate in 1997. The sole shareholder of the company is Bank Technique. The authorized capital is 7.78 million manat. --17D-