Bank Of Baku

AtaSigorta gets 57% rise in insurance premiums

AtaSigorta gets 57% rise in insurance premiums
# 19 July 2011 15:12 (UTC +04:00)
Baku. Elnur Huseynguluyev - APA-Economics. Azerbaijan-based AtaSigorta Insurance Company earned AZN 2.450 million in premiums during January-June, up 57% from the same period last year.

The company said payment for insurance claims increased by 3.3 times to AZN 0.855 mln.

The company’s revenue reached AZN 3.105 million and expenditure AZ 2.864 mln.

Profit made AZN 0.241 mln.

Remind that, AtaSigorta, owned by AtaHolding Group, has been in operation since 2004. The company operates on 22 voluntary and 5 compulsory insurance types. As of July 1, 2011, authorized capital made AZN 4.8 mln.
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