Net profit of Armenian insurance companies 644.3mln AMD this Jan-Sept

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Economy

26.11.2008, 00:48

The net profit of Armenian insurance companies reached 644.3mln AMD this January-September, an annual increase of 18.27%. According to ARKA analysis of indexes of Armenian insurance companies the three leading companies are Nairi Insurance, Ingo Armenia a

YEREVAN, November 25. /ARKA/. The net profit of Armenian insurance companies reached 644.3mln AMD this January-September, an annual increase of 18.27%. According to ARKA analysis of indexes of Armenian insurance companies the three leading companies are Nairi Insurance, Ingo Armenia and Rasco.

Namely, the net profit of Nairi Insurance reached 200.6mln AMD this Jan-Sept (annual increase of 179.1%), that of Ingo Armenia 200.1mln AMD (82.2%) and Rasco 174.1mln AMD (42.94%).

Eight out of eleven insurance companies recorded return, while three of them – Cascade Insurance, Alfa Insurance and Rosgosstrakh-Armenia were in the red. Cascade Insurance recorded the highest loss of 46.5mln AMD, the other two companies have started operating comparatively not long ago.

In the third quarter, the most profit was recorded by Ingo Armenia (407.3mln AMD), followed by Rasco (255mln AMD) and Nairi Insurance (234.4mln AMD). The total profit from insuring reached 1,631.3mln AMD in Q3.
Eleven insuring companies operated in Armenia on September 30. –0--

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