Azerbaijani Aviation Insurance Company Divulged Summary of Its Activities for 2007

Business Materials 16 April 2008 15:04 (UTC +04:00)

Azerbaijan, Baku, 16 April / Trend / The premiums of large Azerbaijani insurance company Azal Sigorta, specialized in the aviation insurance, totaled to AZN13.97mln in 2007 with payments making up AZN829,000, the company reported on 16 April.

In 2007, the premiums of the company on re-insurance operations totaled to AZN192,000.

In 2007, the assets of the company made up AZN2.9mln with balance sheet profit totaling to AZN1.3mln, the company reported.

The company paid profit tax of AZN567,100 and income tax of AZN228,100, in 2007.

Azal Sigorta insurance company, founded by AZAL State Concern, has been operating since 1995. As of 1 January 2008, the authorized capital stock of the company made up AZN1mln. AZAL Sigorta offers 12 voluntary and 2 types of mandatory insurance services.