According to the Financial Rating of Armenian Insurance Companies, prepared by ArmInfo, the leader in terms of net profit for Jan-June is NAIRI Insurance (AMD 399.5 million), followed by INGO Armenia (AMD 209.5 million) and Armenia Insurance (AMD 115.7 million). ROSGOSSTRAKH Armenia with a loss of AMD 109.6 million is the last of the six insurers in terms of net profit.
Considering only insurers with a positive balance, the total profit increased by 21% y-o-y (vs 31% a year ago) and exceeded USD 28 million. INGO Armenia (AMD 4.8 billion, +73%) is the market leader in terms of insurance profit volume and the company also demonstrated the highest growth of insurance profit on the market, according to the data, provided by ArmInfo.
*EUR 1 = AMD 540.18 (01.07.2019)
EUR 1 = USD 476.98 (01.07.2019)
Access xprimm.com and download 1H2019 Armenian insurance market statistics.