Azersigorta posts 1% rise in profit

As of January 1, 2019, the assets of Azerbaijan State Insurance Commerce Company (Azersigorta) amounted to AZN 27.147 million, up 6.3% in comparison to a year earlier.

In 2018, Azersigorta’s liablities rose by 10.1% to AZN 12.086 million, while the total capital went up 3.4% to AZN 15.061 million. Meanwhile, the incomes ascended by 7.6% to AZN 52.543 million, expenditures grew by 8.1% to AZN 48.861 million. No profit tax was paid. Consequently, the company ended 2018 on AZN 3.681 million in profit, up 1.3% by contrast to a year ago.