BAKU, Azerbaijan, March 10. Azerbaijani A-Group insurance completed 2022 with a net profit of 57,190 manat ($33,641), Trend reports via the "Xalq qazeti" newspaper.
The revenues of the company totaled 22.04 million manat ($12.9 million), including investment income – 218,210 manat ($128,358), subrogation revenues - 84,350 manat ($49,617), and other revenues - 147,300 manat ($86,647).
The company's expenditures equaled 21.9 million manat ($12.8 million), including expenses on business activities - 5.7 million manat ($3.3 million), and other expenditures - 314,400 manat ($184,941).
The company's profit before taxes reached 71,480 manat ($42,047), whereas income tax payments - 14,290 manat ($8,405)
Thus, the A-Group completed 2022 with a net profit of 57,190 ($33,641).
As of January 1, 2023, the total assets of the insurance company equaled 29.2 million manat ($17.1 million), the total liabilities were 17.7 million manat ($10.4 million), and the total capital - 11.4 million manat ($6.7 million).