Published Report of Alfa Sigorta

The annual report of JSC Alfa Sigorta is published in the official press. So, at the end of last year its revenues were at the level of AZN 4 056 765.69. Most of the amount is net premiums (2 million 573.7 thousand manats), Investment income - 333.9 thousand manats. There was also other income received by other articles.

The costs exceed the insurer's earnings amounted to 4 million 512 thousand 232.1 manats. On the insurance payments in proven cases it had 1 million 549 thousand manats to conduct insurance business - 1 million 807.6 thousand manats, reinsurance - 570.4 thousand manats, and so on.

Assets of the year fell to 11 million 192.51 thousand manats (minus 14.8%), liabilities - to 3 million 498.76 thousand manats (minus 29.8%), equity capital - to 7 million 693.76 ths. manats (minus 5.6%). Even more (minus 42.3%) reduced the volume of deposits in banks - to 3 million 830 thousand manats.

So, Alfa Sigorta completed the last year with a loss of 455.47 thousand manats (on the basis of 2014 there was a net profit of 106 thousand manats).

JSC Alfa Sigorta with the authorized capital of AZN 7.8 million began its activities in 1997. Its sole shareholder is TekhnikaBank. --17D-