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Income of Kazakhstan's insurance company increaces

Business Materials 15 December 2017 12:20 (UTC +04:00)

Baku, Azerbaijan, Dec. 15

By Ali Mustafayev – Trend:

The income of the Kazakhstan’s Kazakhinstrakh Insurance Company JSC amounted to 11.1 billion tenge, which is 1.2 billion more than the same period of 2016 (9.9 billion tenge).

At the same time, the volume of insurance premiums taken under insurance contracts amounted to 20.7 billion tenge, and the net amount of company’s insurance premiums amounted to 11.2 billion tenge.

The profits of Kazakhinstrakh from the investment activity amounted to 2.5 billion tenge, while the the company’s income from operations with financial assets amounted to 66.2 million tenge.

Kazakhinstrakh is one of the leading insurance companies in Kazakhstan, where only 32 insurance companies are officially registered.

In 9 months of 2017, the insurance companies of the country earned 55.6 billion tenge. The sector's incomes remain stable for several years.

In January-September, 2017, the volume of insurance premiums paid to the Kazakh insurance companies amounted to 64.6 billion tenge, which is 12.9 percent more than the same period the previous year.

(Exchange rate for 15.12.2017: $1 – 335 tenge)

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