AZERBAIJAN: profit of AzSigorta for the first 6 months this year exceeded AZN 4 million

9 August 2018 — Marina MAGNAVAL
AzSigorta, one of the leading Azeri insurers, generated AZN 4.2 million* of net profit for the first half year 2018, according to the company's official report.

As of the end of June total income of AzSigorta for 2018 amounted to almost AZN 16.6 million (16% more than a year ago). Expenses had an opposite trend - dropping by 36% to AZN 11.3 million. According to the Chairman of the Management Board of AzSigorta, Anar TALYBOV, gained profit stands for positive development of the insurer in all areas, and AzSigorta plans to increase positive figures of its dynamics.

AzSigorta has been working on Azeri market since 2006 and is one of the most stable insurance companies in the country. FITCH Ratings confirmed credit and financial strength rating of the company at B level, forecast stable.

*EUR 1 = AZN 1.9814 (30.06.2018)

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