Wed, 23 July
29.1 C
Yerevan
USD: 383.74 RUB: 4.93 EUR: 450.05 GEL: 141.25 GBP: 521.81

Armenian insurance companies double net profit in quarter one

YEREVAN, May 18. /ARKA/. Six Armenia-based insurance companies earned more than 1.3 billion drams in net profit in the first quarter of 2016, up from  631.6 million drams they had earned in the same time span of 2015, according to ARKA news agency’s  bulletin “Insurance Companies of Armenia” for the fourth quarter of 2015.

All six insurance companies closed the quarter with profit. The leading company by the size of net profit was Rosgosstrakh-Armenia with 611.5 million drams, up from 248.3 million drams, earned in the first quarter of 2015.

With 235.4 million drams of net profit Nairi Insurance was second, a 42% growth from the year-before. Ingo Armenia earned 203.2 million drams, up from 5.7 million drams earned in the first quarter of 2015. Armenia Insurance with 156.7 million drams (a growth of 32.5%) was fourth; it was followed by Reso with 83.5 million drams (a growth of 85%) and Sil Insurance – 16.4 million drams (a decline of 66%)

Insurance companies’ assets in the first quarter stood at 40.3 billion drams (a growth of 3.8%). Their liabilities amounted to 22.6 billion drams (a growth of 0.3%) and their capital grew by 8.6% to 17.6 billion drams.  ($1 – 478 drams). -0-

spot_img

POPULAR

Armenia’s economy to stabilize on 5.5% growth trajectory in 2025 – EDB forecast

According to EDB forecasts, Armenia's economy will stabilize on a 5.5% growth trajectory with domestic demand remaining the main driver of development.

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.

Euro and dollar rise against Armenian dram, as Russian ruble falls slightly

The average market exchange rate of the US dollar against the Armenian dram as of July 14, 2025, increased by 0.23 points compared to July 11 and amounted to 384.14 drams.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

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