Baku, Azerbaijan, Jan.29
By Azad Hasanli - Trend:
Assets of Azerbaijani insurance company Pasha Hayat Sigorta JSC on the results of 2014 amounted to 94.8 million AZN, which is an increase of 43.1 million AZN or 83.2 percent compared to 2013, said the Director on Strategic Development of the company Israil Garayev, the insurance company said Jan.29.
The official exchange rate on January 29 is 0, 7844 AZN / USD.
He said that the investment portfolio of the company increased by 40.1 million AZN or 99.3 percent and reached 80.5 million AZN.
"The amount of insurance reserves of the company for the period increased by 29.3 million AZN or 2.7 times and reached 46.1 million AZN, insurance fees - by 6.9 million AZN or 19.7 percent and reached 41.9 million AZN, insurance payments - 1.8 million AZN or 2.7 times and reached 2.9 million AZN," he said.
Garayev said that during 2014 the share capital of the company also significantly increased. For example, in 2014, the capital of Pasha Hayat Sigorta increased by 15.05 million AZN or 59.7 percent and reached 40.25 million AZN.
Pasha Hayat Sigorta is the most capitalized company among life-companies in the country (Atashgah Hayat and Qala Hayat). The sole shareholder of the company is the group of companies Pasha Holding.
edited by CN
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