Azerbaijani insurance companies’ ranking on main financial indices

Azerbaijan, Baku, May 11 / Trend A. Akhundov /

The ranking of insurance and reinsurance companies in Azerbaijan in terms of their primary financial indices in 2011 has been published in the official press.

N

Name of company

Assets as of late 2011, thousand manat

Assets as of late 2010, thousand manat

Joint capital as of late 2011, thousand manat

Joint capital as of late 2010, thousand manat

Paid authorized capital as of late 2011, thousand manat

Paid authorized capital as of late 2010, thousand manat

Net profit in 2011, thousand manat

1

A-Qroup

10689,4

9379,9

6677,8

4862,1

2906,3

2650,5

1815,7

2

AXA MBASK

22823,6

18347,9

8115,9

8997,8

6730,8

5730

47,8

3

Alfa Sıgorta

8003,7

5572,9

6020,2

3919,5

4750

3100

3,4

4

AtaSıgorta

9751,8

9267,3

5427,88

5022,2

5000

4800

-283,9

5

Atesgah Heyat

14624,7

4085,9

4243,2

2489,7

4000

2300

111,1

6

Atesgah Sıgorta

20163,1

20465

5156,7

7067,2

3699

3699

-1714,7

7

AzSıgorta

34088,6

18935,2

20865,4

10660,5

19859,7

4643,7

536,5

8

AzerSıgorta

18558,8

14729,9

5756,5

4528,2

4500

4000

728,3

9

Azerbaycan Senaye Sıgorta

11717,2

10023,5

8190,9

6112

6000

4800

0

10

Azerqarant Sıgorta

6229

4416,13

5625,4

4005,6

5210

3260

415,4

11

Bakı Sıgorta

12382,3

11900,2

6389,7

5827,8

5519,5

4377,8

638,5

12

Basak İnam Sıgorta

7750,2

5203,5

6330,8

3645,1

6000

3250

-58,6

13

Beynelxalq Sıgorta

20321,9

20910,9

9463,2

8462,9

8800

8800

806,1

14

Era Trans Sıgorta

-

-

-

-

-

-

-

15

Gunay Sıgorta

-

-

-

-

-

-

-

16

Mega Sıgorta

8522,9

3977,1

7040,8

3719,9

7000

3500

3,3

17

Pasa Heyat

15096,6

6955,7

9428,7

6955,6

7000

7000

2454

18

Pasa Sıgorta

44190,8

33438

34433,9

22806,9

30000

20000

0

19

Qala Heyat

7137,4

3445,4

5026

3438,4

4350,5

3500

737,1

20

Qarant Sıgorta

10880,1

10554,4

3084,2

3437,7

4000

4000

-353,5

21

Revan Sıgorta

9582,6

7561,9

5709,4

4040,8

4000

3000

513,9

22

Standard Insurance

19517,1

19845,4

12988,8

12462,6

11000

11000

683,9

23

Temz Sıgorta Qrupu

-

-

-

-

-

-

-

24

Xalq Sıgorta

31357,27

28905,23

26403

24002,78

23352,4

21061,5

2400,3

25

Cartis AzErbaycan

8794,4

5866,8

6495,7

3160,6

6786,5

3500

48,6

26

İpek Yolu Sıgorta

31355,52

19462,26

13151,35

9945,84

10780

8137,5

1070,6

27

Emrah Sıgorta

5577,4

4512,9

4739,4

3623,8

4500,7

3500,7

0

28

Royal Sıgorta

-

-

-

-

-

-

-

*

AzRe Tekrarsıgorta

48984,7

33098,1

41382,1

25820,8

40000

25800

28,3

Pasa Sıgorta, which is the most capitalized one in the country, became the leader among the Azerbaijani insurance companies in 2011 in terms of assets worth 44.19 million manat.

Three leaders of the market include AzSığorta company (34 million manat) and Xalq Sıgorta (31.36 million manat).

The reinsurance company has the largest amount of assets (48.98 million manat) in the insurance sector in the country.

Royal Sıgorta company has started operating only in late 2011, so there are no financial indices of this company.

The official exchange rate is 0.7859 AZN/USD on May 11.

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