AZERBAIJAN: PASHA Life's business expands 31% y-o-y in the second quarter

3 August 2022 —
PASHA Life Insurance, the leading life insurer in Azerbaijan, continued to maintain its leading position in the second quarter of 2022 with a total capital of AZN 57.8 million (~EUR 32.47 million). The company's total assets amounted to AZN 495 million, Trend wrote.

According to the company, as of the end of the second quarter, PASHA Life paid AZN 69.3 million to its customers. Total GWP collected during the reporting period reached AZN 195.5 million, which is 31% more y-o-y.

According to unaudited primary data, total revenue of PASHA Life for the first half of the year amounted to AZN 12.6 million.

* 1 EUR = 1.78 AZN (01.07.2022)