BAKU, Azerbaijan, April 5. The net profit of the Azerbaijani Ateshgah Life Insurance Company amounted to 6.4 million manat ($3.7 million) in 2021, Trend reports referring to the company.
According to the data confirmed by the audit report, the company's income amounted to 49.5 million manat ($29.1 million) and paid insurance premiums - 44.1 million manat ($25.9 million) in 2021.
Expenses of Ateshgah Life Insurance Company amounted to 41.4 million manat ($24.3 million), returned contributions - 2.1 million manat ($1.2 million), expenses for regulation – 28,861 manat ($ 16,977), premiums transferred for reinsurance - 1.1 million manat ($ 647,000), other expenses – 39,875 manat ($ 23450) in 2021.
The company's profit before taxes amounted to 8.03 million manat ($4.7 million), income tax payments - 1.6 million manat ($ 941,000) in 2021.