ARMENIAN insurance companies' net profit in quarter one slashes by 60 percent

Net profit of six Armenia-based insurance companies in the first quarter of 2017 slashed by 60.3% year-on-year to 518.9 million drams, according to ARKA news agency's quarterly bulletin "Insurance Companies of Armenia" for the first quarter of 2017.

Four companies closed the first quarter of 2017 with profit- Rosgosstrakh-Armenia, Ingo Armenia, Armenia Insurance and Nairi Insurance, while Sil Insurance and Reso reported losses. Read the full story
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