Mon, 7 July
28.1 C
Yerevan
USD: 384.11 RUB: 4.88 EUR: 450.45 GEL: 141.38 GBP: 522.39

Total assets of Armenian insurance companies grew by 23 percent in nine months to 46.2 billion drams

YEREVAN, November 20. / ARKA /. Total assets of seven Armenia-based insurance companies amounted to more than 46.2 billion drams as of September 30, 2013, having increased by 23.3 percent from the beginning of the year, according to ‘Insurance Companies of Armenia’ bulletin, released by ARKA news agency for the third quarter.

The largest insurance company in terms of total assets in the third quarter was Rosgosstrakh Armenia. This Russian-owned company’s assets stood at 11.5 billion drams having surged by 34.7 percent from the beginning of the year.

Ingo-Armenia came in second with 10.9 billion drams in total assets, by 8.6 % more from the beginning of the year.

Rosgosstrakh- Armenia and Ingo- Armenia accounted both for approximately 48.6% of the total assets of all seven companies.

Third was  Reso with about 8.7 billion drams in total assets (up 86.9 %), Nairi Insurance was fourth with  about 5.8 billion drams (up 31.5% ), Armenia Insurance was fifth with 3. 4 billion drams (up 2.4%), Sil Insurance came in next with about 3 billion drams (up 16.9 %)  and  the Garant Limens with about 2.7 billion drams was seventh. Its total assets declined 29% from the beginning of the year.

Total liabilities of these companies amounted to 31.7 billion drams, and their capital to 14.57 billion drams. ($ 1 – 404.80 drams). -0-

spot_img

POPULAR

Moody’s affirms Armenian government ratings at Ba3 with stable outlook

On June 26, 2025, Moody's affirmed the long-term issuer ratings in national and foreign currencies and senior unsecured debt in foreign currency of the Armenian government at Ba3, maintaining the stable outlook, the press service of the Ministry of Finance of Armenia reported.

Armenia takes first step toward regulating crypto assets

On Thursday, the National Assembly of Armenia approved in the second and final reading a draft law On Crypto Assets and amendments to a number of related laws.

Inflation of 3.9% registered in Armenia in June

In the consumer market of Armenia, 12-month inflation in June of this year amounted to 3.9%, according to the report of the National Statistical Committee (NSC) of Armenia.

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

Euro rises by 1.06 points against Armenian dram, while US dollar and ruble fall slightly

The average market exchange rate of the US dollar against the Armenian dram as of July 3, 2025, decreased by 0.05 points compared to July 2 and amounted to 384.46 drams.

LATEST NEWS

spot_imgspot_imgspot_img