PASHA Life Insurance, the leader of the insurance market in Azerbaijan, achieved significant success by all financial indicators in 2024. The company's GWP increased by 22%, total assets rose by 13%, while profit in 2024 increased by 20%, according to the Chairman of the Board of PASHA Life Insurance Niyaz Ismayilov, Trend writes.

He emphasized that if in 2023 the company's profit was about AZN 43 million (~EUR 22.91 million), then in 2024 based on IFRS standards it has already exceeded AZN 50 million (~EUR 28.21 million). This means that the company has once again updated the record for profit in the insurance sector. It is worth emphasizing that this is a record not only for life insurance companies, but for all insurance companies in the country, added the Chairman of the Board of PASHA Life Insurance.

*EUR 1 = AZN 1.7724 (29.12.2024)

EUR 1 = AZN 1.8766 (30.12.2023)