JSC Pasha Hayat Sigorta, specializing in life insurance, from January to April collected 14 million manat of premiums (+ 54.4% to 31 March of last year). Its awards provided 44% of the fees in the above segment.
As noted in the official information of the company with reference to the Director of Strategic Development Israil Garayev, the insurance payments were much more modest - 1.5 million manat with an impressive growth of 3.5 times.
The total assets of the company on April 1, 2015 were 106 million AZN (YTD + 15.4%), and investment portfolio - 86 million AZN (+ 6.8%).
The insurance reserves are estimated at 56.3 million manat (+ 23.4%) at the constant authorized capital of 40,250,000 manat.
JSC Pasha Hayat Sigorta started to work on February 14, 2011. Its sole shareholder is Pasha Holding. --17D-
Economics
-
Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
-
The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
-
An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
-
On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
Leave a review