Artashes Shaboyan: Reduction in consumer demand has a negative effect on supermarkets

Azerbaijan mounts another sabotage attack on Line of Contact, Armenian side has 1 victim and 2 wounded

Helsinki Citizens' Assembly Vanadzor Office urges Armenian Defense Ministry to look into military conscription of a kyphotic young man

Armenia suffers no losses during crossfire initiated by Azerbaijan on Armenian-Azeri border

Tigran Davtyan: If you have a telephone with you, it means that you have a wallet with you too

Armenia's former prime minister: The indicator of the economic growth in Armenia is extremely low for the first half of 2014

RPA: OSCE Minsk Group Co-Chairs’ latest statement was addressed to Azerbaijan

French citizen lost in Gegarkunik region of Armenia

RPA does not hurry to assess 100 day activity of Hovik Abrahamyan's government

Serzh Sargsyan sees no need in arming of population of border villages

Seyran Ohanyan: Armenia has been putting in place ‘engineering facilities’ along with other measures to prevent attempts by Azerbaijani sabotage groups to infiltrate into its territory

Charges brought against Levon Hayrapetyan

Azeri State Committee for Refugees: Issues of the return of Dilgam Asgarov and Shahbaz Guliyev and the transfer of Hasan Hasanov's dead body are under control of President Aliyev

Armenian Government tries to repay its debts by transferring state-owned enterprises' assets to a U.S. company

Armenian environmentalists comment on Red Book apes imported to Armenia

All U.S. citizens traveling to or residing in Armenia are strongly encouraged to enroll in the Department of State's Smart Traveler Enrollment Program

The ICRC has already started talks to return Azeri saboteur's corpse, Azerbaijani State Committee says

Stepan Safaryan: OSCE Minsk Group prefers stroking naughty Azerbaijan

Edward Nalbandian advises his Azerbaijani counterpart not to use international arena for propaganda

Political expert: OSCE Minsk Group Co-Chairs want to lobby the meeting between Presidents of Armenia and Azerbaijan

Shmuel Meirom: Israel is willing to contribute of its experience in the field of economy, but it cannot force Israeli business to invest in Armenia

Insurance companies of Armenia have net profit 1.2 billion AMD for the 1Q 2014

  • by Elita Babayan

  • Wednesday, May 7, 09:57

 The insurance companies of Armenia have completed the 1Q 2014 with a net profit 1.2 billion AMD. According to the insurance Ranking of Arminfo, the net profit grew by 3,6 times versus the indicator of 2013, and almost fourfold versus the indicator of 2012. The insurance companies had a loss 650 million AMD for the 1Q 2012. 

According to the results of the 1Q 2014, the biggest profit was registered at "Garant Insurance" -  324.5 million AMD. The second is "Rosgosstrakh Armenia" with a net profit 286.3 million AMD. The third is "RESO" - 241.5 mln AMD, the forth - "Nairi Insurance" - 190 mln AMD and the fifth - "Armenia Insurance" - 113.9 mln AMD. "INGO Armenia" is the last by the level of net profit - 107.4 mln AMD. And "Sil Insurance" has completed the 1Q 2014 with a loss - 38.5 million AMD.      

The insurance companies of Armenia gathered 10.1 billion premiums for the 1Q 2014 and paid about 5 billion AMD to insurants. The insurance charges of seven Armenian insurance companies reduced by 10% versus the 1Q 2013, but the sum of the insurance compensation grew almost twofold. 

As of 1 April 2014, 7 insurance companies have been functioning at the Armenian market. 16 out of 18 types of insurance have been functioning in Armenia. 

Send to a friend

To (e-mail)

Your name



View comments (0)

Be first to comment on this article

* Indicates required fields