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-
