By the end of 2020, 5 insurance companies out of 6, operating in the local market, were included in the list of 1000 largest taxpayers in Armenia, while a year ago there were only 3 insurers in this list, ArmInfo reports.

According to the State Revenue Committee of the Republic of Armenia, the insurance sector paid taxes in the amount of AMD 1.9 billion /~EUR 3 million* in 2020 (+43.7% y-o-y in local currency). Of this amount, 30.1% was income tax.

Among insurance companies in terms of tax payments, the leader is ROSGOSSTRAKH Armenia - the company ranked 259^th (vs 274^th a year ago) and paid AMD 682.8 million to the state budget. Next comes INGO Armenia (299^th place, AMD 587 million). NAIRI Insurance, which was not included in this list in 2019, ranked 459^th in 2020. By the end of 2020, RESO was not included in the list of 1000 largest taxpayers in Armenia, and it was absent from this list in 2019 as well.

*at the following exchange rate:

1 EUR = 641.11 AMD (as of 30.12.2020)