In 2021, net profit of the insurance sector of Azerbaijan amounted to AZN 66.04 million (~EUR 34.27 million), which is 27.8% less than in 2020. In the reporting period, the insurance sector's income decreased by 6.7% to AZN 923.64 million, ABC.AZ
reports citing Interfax.
Expenses of the insurance sector for the reporting period decreased by 4.5% to AZN 842.29 million. Income tax of insurers in 2021 amounted to AZN 15.29 million, which is 5.3% less y-o-y.
* 1 EUR = 1.9265 AZN (31.12.2021)