AZERBAIJAN: AzSığorta ended 2018 with profit of AZN 4.7 million, capitalization increased by 16% y-o-y
The insurer's GWP in compulsory and voluntary insurance in 2018 exceeded AZN 20 million, and its paid claims amounted to AZN 8 million. The company's total assets remained almost unchanged (AZN 61 million). However, the insurer's mid-term assets in 2018 increased from AZN 53.6 million to AZN 54.1 million, as TALYBOV explained.
According to TALYBOV, the company's capitalization in 2018 went up to AZN 34.7 million (vs AZN 29.9 million in 2017). i.e. about 16% up y-o-y.
*1 EUR = 1.9468 AZN (December 31st, 2018)