YEREVAN, March 25. /ARKA/. The combined total assets of seven Armenian insurance companies grew last year by 35 percent from 2011 to over 38. 3 billion drams, according to the Bulletin of the Central Bank ofArmeniafor the 4th quarter of 2012.
Some 36 percent of their total assets were in the form of bank deposits, 13.5 percent were direct insurance money, 10.2 percent were equity investments and 7.4 percent -fixed assets.
According to an analysis made by ARKA, Ingo Armenia company was the largest in terms of total assets.
As of December 31, 2012 it had 10 billion drams in total assets, which had increased by 40.5% to account for 26.2 percent of the overall assets of the seven companies.
It was followed by RosgosstrakhArmenia- 8.5 billion drams, which grew 35.1% from 2011 to make 22.3% of the total assets of all companies, Reso – more than 5.5 billion drams, an increase of 60.7%.
They were followed by Nairi Insurance – 4.4 billion drams, a 12.4 percent increase year-on-year, Garant Limens – 3.7 billion drams ( 45.7% increase), Armenia Insurance -3.3 billion drams ( 26.1% increase) and Sil Insurance – 2.6 billion drams (16.3%). ($ 1 – 418.09 drams). -0 (418.09 drams). -0-
| ranking | company | Assets as of 31/12/2012 (thous.AMD) | Assets as of 31/12/2011
(thous.AMD) |
| 1 | IngoArmenia | 10,048,609 | 7,151,971 |
| 2 | Rosgosstrakh-Armenia | 8,552,259 | 6,327,835 |
| 3 | Reso | 5,501,746 | 3,421,889 |
| 4 | Nairi Insurance | 4,420,191 | 3,931,689 |
| 5 | Garant Limens | 3,792,313 | 2,602,271 |
| 6 | ArmeniaInsurance | 3,367,098 | 2,669,233 |
| 7 | Sil Insurance | 2,611,985 | 2,244,167 |
| Total | 38,294,201 | 28,349,055 |
