YEREVAN, November 25. /ARKA/. Net income of Armenia-based six insurance companies in the first 9 months of 2015 grew to 2.394.1 billion drams from 2.056.3 billion drams in the same time span of 2014, according to ARKA news agency’s latest bulletin “Insurance Companies of Armenia” for the third quarter of 2015.
Of six insurance companies, only one company closed the third quarter with a loss. More precisely, Reso insurance company posted 84.6 million drams in losses against a profit of 219.86 million drams it had earned in the first nine months of 2014.
The leading company by size of net profit was Rosgosstrakh-Armenia that earned 1.044.9 billion drams, up from 747 million drams earned as net profit in the first 9 months of 2014.
Nairi Insurance that earned 477 million drams in net profit, up from 213.7 million drams from the year before was second.
It was followed by Ingo Armenia with a net profit of 456.4 million drams, a decline of 32% from the year before, Armenia Insurance with 400.1 million drams was fourth, a decline of 36.6% , SIL Insurance was fifth with 100.1 million drams (in the first nine months of 2014 it reported a loss of t 87.5 million drams).
Insurance companies’ assets at the end of September 2015 stood at 38.1 billion dram, a decline of 6.1% from the beginning of the year. Their liabilities slashed by 14.3% to 22.3 billion drams and their capital grew by 8.4% to 15.8 billion drams. ($ 1 – 480.79 drams) -0-
Place COMPANY IIIQ, 2014
Thous. AMD IIIQ, 2015
Thous. AMD
1 Rosgosstrakh-Armenia 747,033 1,044,972
2 Nairi Insurance 213,697 477,013
3 Ingo Armenia 670,480 456,445
4 Armenia Insurance 292,800 400,161
5 SIl Insurance -87,500 100,177
6 Resso 219,860 -84,585
Total 2,056,370 2,394,183
