![AzSigorta last year spent more than 25 million manats](https://turan.az/resized/./turan-750-500-resize.webp)
AzSigorta last year spent more than 25 million manats
The net profit of the insurance company AzSigorta for the past year amounted to 15,933,520 (+ 3.75 million compared with the year 2012) and the comprehensive income was 45,143,460 manats.
According to the published financial statements, most of the proceeds of this financial structure fell on insurance premiums (AZN 42,029,300) and investment income (AZN 2,045,210).
The company's expenses in 2013 amounted to AZN 25,226,560, of which it is worth noting insurance payments (9,472,660), the cost of doing insurance business (10,550,350 ) and the cost of reinsurance (4,697,260 manat).
Assets of the company for the year rose 15 % to AZN 63.05 million, increase in liabilities was 20.6 % - to 26.46 million, and equity increased 11.3 % to 36.59 million manat.
The volume of the company’s deposits placed with banks increased by 26.7 % to 27.93 million manat, and the portfolio investments in government securities rose by 75.1 % to 18,874,670 manats.
AzSigorta Insurance Company received a license to operate in November 2006.
AzSigorta’s shareholder is one individual.
The company is licensed to provide services for 28 types of insurance, of which 24 are voluntary types and 4 are compulsory. Last year, it became the second among the leading local insurers.
It has 6 branches in the country. - 17D-
-
- Social
- 31 March 2014 16:36
Economics
-
Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
-
Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
-
The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
-
There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
Leave a review