Amrah Sigorta sees 18% decline in Q1 premiums

Amrah Sigorta sees 18% decline in Q1 premiums
# 18 April 2011 10:45 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Azerbaijan-based Amrah Sigorta Company has collected AZN 122.457 thousand insurance premiums in January-March, 2011, down 18.4% in comparison to a year ago.

Company says payments on insurance risks rose 33% to AZN 53.042 thousand.

The premiums on voluntary insurance types made AZN 121.084 thousand, on compulsory insurance types – AZN 1.322 thousand. At the same time, most of premiums came from Vehicle Insurance (AZN 84.311 thousand) and Property Fire Insurance (AZN 26.530 thousand).

Most of payments went to Vehicle Insurance (AZN 49.192 thousand) and Property Fire Insurance (AZN 3.850 thousand).

Total income soared 82% to AZN 283.639 thousand, expenditure surged 30% to AZN 141.770 thousand. Profit tripled to AZN 141.869 thousand.

Remind that, Amrah Sigorta has been in operation since 1993.
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