KAZAKHSTAN: Jan-Apr over 83% of insurer income went to insurance activities
83.1% of the total income fell into insurance activities, 16.4% to investments activities, and 0.5% to others.
However, net profit of insurers in Jan-Apr 2019 decreased by 6.6% y-o-y, to KZT 21.3 billion, whereas annual profit growth a year ago in the same period hit a historical maximum for the local market.
The TOP-3 insurers hold 63.4% of the total net profit. The highest net profit amount was recorded by EURASIA (KZT 8.9 billion), equal to 41.7% of the total market net profit. Nomad Life ranks second (12.9% of net profit), and third place was taken by VICTORY (8.7%).
*EUR 1 = KZT 426.28 (30.04.2019)