AXA MBASK finished last year with a profit

Insurance Company AXA MBASK finished last year with a profit. Net income amounted to 108.93 thousand manats - they told Turan in the company. Income tax was 27.23 thsd manats.

According to the company's financial statements, the auditor's report confirmed that, last year, the total income of the company amounted to 17.74 million manat. In this case, the premiums were at 17.24 million manat, the premium resulting from reinsurance - 456.26 thousand, investment income - 897.97 thsd, subrogation income - 300.28 thsd, other income - 572.94 thsd manats. The ratio was influenced by the reduction of insurance reserves by 2.28 million manat.

Expenses for 2012 amounted to 17.1 million manat. The volume of insurance payments was 5.86 million, return on premiums - 1.71 million, to conduct insurance business - 7 million 462.39 thousand manats. Equity capital of the company increased 21.4% to 10 million 328.39 thousand manats.

Last year the company's assets increased to 25.78 million manat (11.5%), liabilities to partners also rose to 15.45 million manat, compared to 14.71 million manat in 2011 - more than 4.8 %. Pre-tax profit amounted to 136.17 thousand manats.

Open Joint Stock Company AXA MBASK has been operating in the insurance market since 1992 and provides services on 25 voluntary and 4 compulsory insurance kinds.

Recall that in October 2010, the insurance company changed its principal shareholder, and on 7 December of that year, its license was updated.

Controlling interest (51%) is acquired by AXA Group (France) through its subsidiary AXA Sequros Generales, SA, De Sequros Y Reasequros (Spain).

Paid-up share capital of the company now stands at 6.74 million manat. It has a national network of 5 branches and representative offices. - 17D-