Mon, 28 July
34.1 C
Yerevan
USD: 383.94 RUB: 4.85 EUR: 450.25 GEL: 141.78 GBP: 516.63

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

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.

 Law on Cryptoassets enters into force in Armenia

The Law on Cryptoassets entered into force on July 4, 2025, the press service of the Central Bank of Armenia reports.

Armenian Market: Acceleration of Economic Activity is Positive for the Market

In the period from June 16 to June 30, 2025, the Armenian stock market demonstrated mixed dynamics.

LATEST NEWS

spot_imgspot_imgspot_img