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State Insurance Supervision Announces Assets and Liabilities of Azerbaijani Insurance Companies for First Quarter of 2007

Business Materials 18 September 2007 17:18 (UTC +04:00)

Azerbaijan, Baku / Trend corr. U.Ismaylova / The assets of insurance companies of Azerbaijan make up AZN 131.7mln, the Finance Ministry reported. The main budgets and non-circulative assets made up AZN 221.6mln, revaluation of assets - AZN 751.59mln, cash and other assets AZN 105.4mln.

Insurance reserves make up AZN 372.5mln, long-term liabilities equal zero and calculation and other liabilities AZN 194.9mln.

There are 29 insurance companies in Azerbaijan with an authorized capital AZN 700,000 capital.

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