Deposit accounts "Ateshgah" strengthened by more than half

Profit before tax of the insurance company "Ateshgah" in the past year amounted to 250.42 thousand manats. This financial structure spent more than anything in the payment for insurance claims - 9.58 million manat, reinsurance - 5.73 million manat, the conduct of the case - 14.3 million manat. In addition, the taxes, including land and property, income tax, income tax and other compulsory deductions allocated 480 thousand manats, other expenses amounted to more articles. Total expenditure of the company last year, according to the audit report, was equal to 31.03 million manat.

Over the past year the total income of the company were at 38.72 million manat. Among them specifically for insurance premiums had 38.4 million manat, commission from the transfer of funds for reinsurance - 181.35 thousand manats, investment income - 588.51 thsd AZN etc. As in other structures, reduction in the income was impacted by the reduction in the share of net insurance reserves to 7.16 million manat.

Specific changes have occurred in deposit accounts - they have more than doubled (from 5.63 million to 13.3 million manat).

Insurance company Ateshgah operates on the local insurance market since January 1997. In March 2007, the company received a license for a period of 5 years.

The company currently provides services for four types of compulsory and 18 types of voluntary insurance.

In late 2012, the authorized capital was increased to 5 mln 8.5 thsd manats.

Insurance company Ateshgah was established December 18, 1996. Shareholders are SOCAR (10%), ISR Holding Limited (63%), and LLC RAN-Eksim (27%).

To date, Azerbaijan has a total of 11 offices (branches and representative offices) of the insurance company Ateshgah, 5 of which are located in the regions - cities of Ganja, Lankaran, Khachmaz, Sheki and Mingechevir. - 17D-