Azerqarant Sigorta succeeded in partnership obligations

Insurance Company Azerqarant Sigorta made a net profit of 425.46 thousand manats (2.4% compared to last year).

According to the company's financial statements, the auditor's report confirmed that, last year, the company's revenues amounted to 1 million 996.12 thousand manats. Including premiums totaled AZN 607.22 thsd, investment income - 341.45 thsd AZN, income from reinsurance - 1.1 million manat. Other income for the year was received in other areas.

The company's expenses last year totaled 1 million 464.3 thousand manats. Among these a great part is the amount of insurance payments - AZN 467.52 thsd, conducting insurance business - 859.76 thousand manats and so on.

According to the report, supported by the auditor's report, last year the company's assets increased by 7.9% - up to 6 million 720 thousand manats, equity - by 6.6% - up to 5 million 995.97 thousand manats, liabilities - by 20% - up to 724.07 thousand manats.

In addition, last year the volume of deposits placed in banks increased by 12.8% - to 3.65 mln AZN. Before-tax profit amounted to 531.82 thousand manats.

The company Azerqarant Sigorta was recorded in November 1997, in 2008, and obtained a license for a period of 5 years.

Its founder is one individual.

The registered capital is 5.61 million manat.

The company provides 24 types of insurance activities, including 3 obligatory and 21 voluntary.

Azerqarant Sigorta has three branches - in Ganja, Guba and Zagatala. - 17D-