Own Capital of Insurance Companies Total 7.4bln Drams in Armenia by End of September
24.10.2008,
18:57
Own capital of the eleven insurance companies operating in Armenia had totaled 7.4bln Drams by the end of September this year against 7.1bln Drams at the end of the second quarter, the Press Service of the Central Bank of Armenia (CBA) reported.
YEREVAN, October 24. /ARKA/. Own capital of the eleven insurance companies operating in Armenia had totaled 7.4bln Drams by the end of September this year against 7.1bln Drams at the end of the second quarter, the Press Service of the Central Bank of Armenia (CBA) reported.
Accumulated earnings of insurance companies were 593.5mln Drams at the end of the third quarter, including 547.7mln of profit of the current period.
Total volume of authorized stock of these companies had amounted to 6.6bln Drams by the end of September against 6.3bln Drams in the beginning of the year.
Aggregate assets of Armenian insurers had totaled 11.5bln Drams by September 30 against 11.6bln Drams at the end of June with cash assets totaling 25.7mln Drams against 32.3mln Drams in the beginning of the third quarter. Liabilities of Armenian insurance companies totaled 4.2bln Drams with insurance funds amounting to 2,152.4mln Drams.
Since January 1 2006 the Central Bank of Armenia has been implementing control over the insurance market through the unified financial supervision system.
Today eleven insurance companies and five insurance brokers operate in Armenia. ($1=309.11Drams). --0—
Accumulated earnings of insurance companies were 593.5mln Drams at the end of the third quarter, including 547.7mln of profit of the current period.
Total volume of authorized stock of these companies had amounted to 6.6bln Drams by the end of September against 6.3bln Drams in the beginning of the year.
Aggregate assets of Armenian insurers had totaled 11.5bln Drams by September 30 against 11.6bln Drams at the end of June with cash assets totaling 25.7mln Drams against 32.3mln Drams in the beginning of the third quarter. Liabilities of Armenian insurance companies totaled 4.2bln Drams with insurance funds amounting to 2,152.4mln Drams.
Since January 1 2006 the Central Bank of Armenia has been implementing control over the insurance market through the unified financial supervision system.
Today eleven insurance companies and five insurance brokers operate in Armenia. ($1=309.11Drams). --0—
