Total revenues of the insurance company "Amrah Sigorta" for the last year amounted to 1 million 272.18 thousand manat, which is almost 120 thousand manat more than in 2011. Of the funds received, 1 million 51.7 thousand manat fell directly on the collection of premiums for all types of insurance. This is the result of last year's audit of the company.
Net income of the financial institution in the past year amounted to 250.66 thousand manat (5.2% compared to the end of 2011).
The company's expenses last year totaled 1 million 21.51 thsd manats. Insurance payments last year amounted to 476.94 thousand manat, return of premiums - 50.41 thsd AZN, and to conduct insurance business - 489.55 thousand manats.
Last year, the company's assets increased by 9.2% to 89.91 6 million manats, liabilities totaled AZN 1 million 99.76 thsd (+31.2%), shareholders' equity increased by 5.3% (AZN 4 mln 990.14 thsd).
During the reported period, the volume of bank deposits with the company, increased by 7.5% - to 1.43 million manat.
Insurance company "Amrah Sigorta" has been operating in the insurance market since 1993.
In 2008, in accordance with the laws of the company, changing the legal form of organization, it became a public company. In the same year, "Amrah Sigorta" received a perpetual license to conduct insurance business.
The authorized capital of the company is 4.5 million manat. Its shareholders are two individuals of the Ildirimzadeh family. - 17D -
Economics
-
The safety of metro passengers is a top priority, Vusal Aslanov, Chairman of “Baku Metro” CJSC, told journalists citing the transport system’s handling of 229-230 million passengers in 2024.
-
New data reveal dramatic increases in both foreign arrivals and Azerbaijani departures, highlighting the country’s evolving role as a regional travel hub. In a striking demonstration of its growing global connectivity, Azerbaijan saw a significant surge in international arrivals during 2024. According to figures released by the State Border Service, the country welcomed approximately 2.63 million non-citizen visitors—a 25.9% increase over the previous year—representing travelers from 196 countries. The latest data underscore Azerbaijan’s escalating prominence on the international stage, both as a destination and a departure point.
-
Global food prices decreased in 2024, but Azerbaijan bucked the trend, recording a rise in food expenditures. Experts believe this necessitates urgent expansion of agricultural production to safeguard the domestic market.
-
Italy, one of the European Union's largest economies, solidified its position as a key importer of Azerbaijani natural gas in 2024, despite a notable decline in domestic gas consumption. The country imported 58.7 billion cubic meters (bcm) of natural gas, meeting most of its annual demand of 61.7 bcm—a 2.5% drop compared to 2023. This data, reported by the Italian energy market regulator GME, highlights shifts in Italy’s energy sourcing and consumption patterns.
Leave a review