Revan Sigorta Economical

The insurance company Revan Sigorta last year spent only 2 million 909.18 thousand manat. The volume of insurance payments made 1 million 117.73 thousand manat, conducting insurance business took 1 million 662.45 thousand manat, which is less than at the rivals.

According to the company's financial statements confirmed by an auditor's report, the revenues were at the level of 3 million 683.03 thousand manat. Most of them are for insurance premiums - 3 million 247.67 thousand manat, investment income was 512.78 thousand manat, with negative net insurance reserves of 496.69 thousand manat, which led to some reduction in income.

The net profit amounted to 619.08 thousand manat with a drop by 24.7% for the year. Payment of income tax was 154 thousand 771 manat.

The company's assets increased by 1.9% to 18 million 780.93 thousand manat, the capital increased by 5.1% to 12 million 712.54 thousand manat, and the liabilities decreased by 4% to 6 million 68 39 thousand manat.

In 2014, the volume of deposits of the company placed in banks decreased by 4.37% to 4 million 773 thousand manat.

JSC Revan Sigorta has worked in the insurance market of Azerbaijan since 1998. The authorized capital of the company is 8 million 900.07 thousand manat. --17D-