Baku, Azerbaijan, March 30
By Ilkin Shafiyev - Trend:
Net profit of Azerbaijan’s state insurance commercial company AzerSigorta for 2017 amounted to 3.6 million manats, according to the financial report of AzerSigorta published in the Azerbaijani newspaper “Respublika”.
The company’s revenues for 2017 amounted to 48.8 million manats, and expenses amounted to 45.2 million manats.
The company’s insurance fees for the reporting period amounted to about 42 million manats, and the share of reinsurance companies in insurance payments amounted to 5.3 million manats.
Insurance payments of the company for the reporting period amounted to 12.4 million manats.
The company’s assets as of Jan. 1, 2018 amounted to 25.5 million manats, short-term assets amounted to about 17.5 million manats, while long-term assets amounted to about 8 million manats. Compared to early 2017, the company’s total assets decreased by 5.6 million manats.
The total liabilities of the company as of Jan. 1, 2018 amounted to about 11 million manats, having decreased by 5.8 million manats as compared to early 2017.
(1.7 manats = 1 USD on March 30)