Azerbaijan, Baku, May 1 /Trend A.Akhundov/
Assets of American Insurance Company's subsidiary in Azerbaijan - Chartis Azerbaijan amounted to 9.15 million manat as of 2012, increasing by 4.1 per cent, the company's balance sheet said today. Financial accountability was audited by insurance company PricewaterhouseCoopers.
Some 5.4 million manat have been accumulated on time deposit accounts and 0.51 million manat were invested in securities in 2012.
Chartis Azerbaijan's paid authorised capital stood at 6.79 million manat in 2012 similar to 2011.The company completed 2012 with a net profit of 143,640 manat.
The total capital of the company at the end of last year amounted to 6.64 million manat, increasing by 2.3 per cent compared to 2011.
Total liabilities of the company amounted to 2.51 million manat, increasing by 9.6 per cent and equity and liabilities as a whole were 9.15 million manat with a growth of 4.1 per cent.
Chartis (AIG Insurance) is a major international organisation in the field of property and personal insurance (insurance other than life insurance), serving more than 40 million customers in more than 160 countries and jurisdictions.
The company, having a 90-year history, helps both corporate clients and individuals confidently manage any risks. It offers one of the widest spectrum of products and services and has a deep knowledge of the process of settlement of losses and high financial strength.
Official exchange rate on May 1 is 0.7846 AZN/USD.