PASHA Life Insurance gets 80% rise in assets

PASHA Life Insurance gets 80% rise in assets
# 29 January 2015 10:57 (UTC +04:00)

Baku. Musa Ahmadov - APA-Economics. PASHA Life Insurance’s assets rose AZN 43.1 mln or 83.2% to AZN 94.8 mln, investment portfolio surged AZN 40.1 mln or 99.3% to AZN 80.5 mln, company’s spokesman Israil Garayev said.

Along with this, insurance reserves increased AZN 29.3 mln or 2.7 times to AZN 46.1 mln, insurance premiums grew AZN 6.9 mln or 19.7% to ZAN 41.9 mln, insurance payments went up AZN 1.8 mln or 2.7 times to AZN 2.9 mln.

Garayev noted that authorized capital soared AZN 15.050 mln or 59.7% to AZN 40.250 mln.

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