ARMENIA: LIGA Insurance again tops the list of major taxpayers in Armenia among insurance companies

4 February 2025 — Marina MAGNAVAL
For the second year in a row, LIGA Insurance tops the list of major taxpayers in Armenia among insurance companies. According to the State Revenue Committee data for January-December 2024, LIGA Insurance ranks 453rd (vs 384th a year earlier) on the list, having paid AMD 734.7 million (~EUR 1.92 million) to the state budget, ArmInfo reports.

Nairi Insurance is in second place among insurance companies and ranks 508th on the list (vs 521st in 2023), having paid AMD 653.7 million to the state budget. It is followed by INGO, which is in 659th place on this list (vs 580th a year earlier), and paid AMD 513.4 million to the state budget.

According to the Committee, only 3 out of 7 operating insurance companies are on the list of Armenia's largest taxpayers, just like a year earlier. Insurance companies reduced tax payments in 2024 by 4.5% - to AMD 1.9 billion (~EUR 4.96 million).

Armenia Insurance, Sil Insurance, REGO Insurance and EFES were not included in the list of large taxpayers based on the results for 2024.

*EUR 1 = AMD 382.80 (31.12.2024)



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