BAKU, Azerbaijan, April 24. Azerbaijan's PASHA Life Insurance company has led the top insurance companies of the country in terms of the volume of short-term assets as of January 1, 2023, Trend reports.
The company's short-term assets accounted for 193.1 million manat ($113.5 million).
The second place was taken by PASHA Insurance with a volume of short-term assets of 173.4 million manat ($102 million).
Ateshgah Life Insurance with short-term assets worth 72.9 million manat ranked third ($42.8 million).
Ranking of Azerbaijan's insurance companies by volume of short-term assets:
|
№ |
Insurance companies |
Short-term assets |
Annual difference (%) |
|
1 |
PASHA Life Insurance |
193.1 million manat ($113.5 million) |
54.1 |
|
2 |
PASHA Insurance |
173.4 million manat ($102 million) |
1.3 |
|
3 |
Ateshgah Life Insurance |
72.9 million manat ($42.8 million) |
17.2 |
|
4 |
Gala Insurance |
60.78 million manat ($35.75 million) |
20.5 |
|
5 |
Azerbaijan Industry Insurance |
40.3 million manat ($23.7 million) |
106.1 |
|
6 |
Xalq Insurance |
37.8 million manat ($22.2 million) |
0.9 |
|
7 |
Ateshgah Insurance |
33.87 million manat ($19.92 million) |
19.6 |
|
8 |
AzInsurance |
28.09 million manat ($16.52 million) |
-20 |
|
9 |
Silkway Insurance |
27.19 million manat ($15.99 million) |
23.4 |
|
10 |
A-Group Insurance |
26.39 million manat ($15.52 million) |
17.5 |
|
11 |
Gala Life Insurance |
21.99 million manat ($12.94 million) |
-26.8 |
|
12 |
Mega Insurance |
17.18 million manat ($10.1 million) |
-35.7 |
|
13 |
Agro Insurance |
14.06 million manat ($8.27 million) |
17.4 |
|
14 |
Gunay Insurance |
10.77 million manat ($6.34 million) |
9.6 |
|
15 |
Baku Insurance |
9.9 million manat ($5.8 million) |
8.2 |
|
16 |
Nakchivan Insurance |
9.86 million manat ($5.8 million) |
6.8 |
|
17 |
Xalq Life Insurance |
9.07 million manat ($5.3 million) |
-34.4 |
|
18 |
Azerinsurance |
7.3 million manat ($4.29 million) |
-80.9 |
|
19 |
AtaInsurance |
6.7 million manat ($3.9 million) |
4.1 |
|
20 |
Mega Life Insurance |
4.8 million manat ($2.8 million) |
-58.3 |
|
Total |
805.69 million manat ($473.9 million) |
8.7 |
As of January 1, 2023, the total volume of assets of Azerbaijani insurance companies accounted for 1.4 billion manat or $822.5 million manat (an increase of 18.8 percent over year).