In the first half of 2024, insurance and reinsurance companies of Azerbaijan gained AZN 98 million of net profit. This is stated in the semi-annual report on financial stability published by the Central Bank of Azerbaijan. According to the document, this is up by AZN 16 million or about 20% from the same period of 2023. Among other things, amid refundable insurance premiums and work costs, the net profit of life insurance companies declined b...

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