AZERBAIJAN: AzRe Tekrarsigorta closed year of 2014 with profit at the level of almost AZN 15 million

23 March 2015 —
AzRe Tekrarsigorta, the only re-insurance company of Azerbaijan, has published the report on results of its activity in 2014.

According to the report, the Company's assets totaled AZN 84.243 million by the end of 2014 against AZN 69.298 early in 2014. The total capital of the Company was brought to the level of AZN 55.539 million by the end of 2014 against AZN 47.334 million early last year, while its charter capital remained at the level of AZN 40 million. Deposit accounts of the Company totaled AZN 47.273 million by the end of 2014.

Company's income by the end of 2014 reached AZN 48.457 million with the expenses of AZN 33.522 million. Financial profit of the Company in 2014 was estimated at the level of ANZ 14.935 million. Read the full story AZERBAIJAN: AzRe Tekrarsigorta closed year of 2014 with profit at the level of almost AZN 15 million
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