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Azerbaijan's Status Insurance Broker finishes 2021 with loss

Finance Materials 16 April 2022 11:20 (UTC +04:00)
Azerbaijan's Status Insurance Broker finishes 2021 with loss
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, April 16. The net loss of Azerbaijan's 'Status Insurance Broker' in 2021 amounted to 26,827 manat ($15,781), Trend reports referring to the broker's accounting report, published in the Azerbaijani 'Respublika' newspaper.

According to the data confirmed by the audit opinion, the broker's income in 2021 totaled 2,592 manat ($1,524), while the expenditure made up 29,419 manat ($17,306).

In 2021, the company's assets reached 63,650 manat ($37,444), capital – 26,817 manat ($15,775), while liabilities – 63,640 manat ($37,438).

On September 9, 2021, the Central Bank of Azerbaijan issued license No. SB-008 to 'Status Insurance Broker' for an unlimited validity term to carry out intermediary activities as an insurance and reinsurance broker.

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