Mon, 7 April
20.1 C
Yerevan
USD: 391.14 RUB: 4.55 EUR: 428.65 GEL: 142.05 GBP: 501.60
spot_img

Average return on assets of Armenian insurance companies 4.58% as of end September

YEREVAN, November 26. /ARKA/. Average return on assets (ROA) of Armenian insurance companies was 4.58% as of the end of September as compared to 2.96% at the end of June.

An analysis made by ARKA Agency shows that Rasko tops the list of five leading companies by return on assets: its ROA was 17.72% as of the end of the third quarter as compared to 17.64% at the end of Q2.

The other four leading companies are as follows: Reso (10.08% against 3.09%), Nairi Insurance (9.05% against 3.14%), Garant-Limens (4.02% against 7.22%) and Ingo Armenia (1.41% against 1.25%).

At the same time, return on equity (ROE) of Armenian insurance companies was 11.83% as of the end of September, as compared with 7.28% at the end of June 2012. In ranking by ROE, Rasko is again the first: its ROE was 27.55% as compared to 27.03% in late June.

Reso has taken the second place (26.96% against 7.85%) followed by Nairi Insurance (22.68% against 7.51%), Garant-Limens (7.48% against 12.59%) and Ingo Armenia (5.76% against 4.93%). There were 7 insurance companies operating in Armenia at the end of September 2012. ($1=406.37drams).–0–

spot_img

POPULAR

Concept of a private investment fund in Armenia discussed by Minister of Economy with Nubar Afeyan

The concept of creating a private investment fund in Armenia within the framework of effective public-private partnership was discussed by Armenian Minister of Economy Gevorg Papoyan and American businessman Nubar Afeyan.

Cryptocurrency can open up great opportunities for Armenia — Henri Arslanian

Cryptocurrency can open up great opportunities for Armenia, says HenrI ArslanIan, co-founder of Nine Blocks Capital Management, author of the bestselling books in the field of financial services "The Future of Finance" and "The Book of Cryptocurrency".

Armenia discusses bankruptcy reforms with ADB and AFD

Reforms of Armenian legislation in the field of bankruptcy were discussed at a meeting between Deputy Minister of Justice of Armenia Tigran Dadunts and representatives of the Asian Development Bank (ADB) and the French Development Agency (AFD).

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Average AMD/USD exchange rate in March was 1.9% lower than a year ago

In March 2025, the average AMD/USD exchange rate was 392.8, which is 1.9% lower than in March 2024 (400.4 AMD), the National Statistical Committee reports.

LATEST NEWS

spot_imgspot_imgspot_img