Sun, 27 July
25.1 C
Yerevan
USD: 383.94 RUB: 4.85 EUR: 450.25 GEL: 141.78 GBP: 516.63

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

Fitch expects inflation in Armenia to remain within the target level until 2027

International rating agency Fitch expects inflation in Armenia to remain within the target level until 2027, although soft fiscal policy and the projected moderate weakening of the dram create certain risks.

Fitch forecasts Armenia to tighten fiscal policy after 2027

Fitch Ratings analysts forecast a tightening of fiscal policy by the republic's authorities in a new report on Armenia.

A scheme for stealing funds through fake investment platforms  exposed in Yerevan

A criminal group operating in one of the capital's business centers and stealing citizens' money through Internet calls has been exposed in Armenia, the Investigative Committee of Armenia reports.

Armenia’s economy to stabilize on 5.5% growth trajectory in 2025 – EDB forecast

According to EDB forecasts, Armenia's economy will stabilize on a 5.5% growth trajectory with domestic demand remaining the main driver of development.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

LATEST NEWS

spot_imgspot_imgspot_img