{"id":109424,"date":"2017-08-18T10:59:12","date_gmt":"2017-08-18T10:59:12","guid":{"rendered":"https:\/\/armbanks.am\/2017\/08\/18\/246637\/"},"modified":"2024-12-15T13:30:34","modified_gmt":"2024-12-15T13:30:34","slug":"armenian-insurance-companies-net-profit-in-first-six-months-halves-to-1-26-billion-drams","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2017\/08\/18\/109424\/","title":{"rendered":"Armenian insurance companies\u2019 net profit in first six months halves to 1.26 billion drams"},"content":{"rendered":"<p><strong>YEREVAN, August 18. \/ARKA\/.<\/strong> Six insurance companies operating in Armenia earned a total of 1.26 billion drams in net profit in the first six months of this year, down from 2.62 billion they had earned a year earlier. The drop amounted to 51.6%, according to &#8220;Insurance Companies of Armenia,&#8221; a quarterly bulletin, issued by ARKA news agency.<\/p>\n<p>Five of these companies closed the first half of 2017 with profit. They are Rosgosstrakh-Armenia, Nairi Insurance, Ingo Armenia, Armenia Insurance and Sil Insurance. Reso suffered a loss.<\/p>\n<p>The leading company by size of net profit was Rosgosstrakh-Armenia, which earned 518.4 million drams, down from about 1.2 billion, it had earned in the first half of 2016 (a 56.7% decrease from the year before).<\/p>\n<p>Nairi Insurance posted a profit of 307.4 million drams (a decline of 27.9%), Ingo Armenia earned 249.1 million drams (a decline of 52.4%), Armenia Insurance reported a 230.5 million drams net profit (a decline of 0.2%) and Sil Insurance &#8211; 3.5 million drams (a 91.6% decline).<br \/>\nReso\u2019s losses amounted to 39.6 million drams against a profit of 202 million drams earned in the first six months of 2016.<\/p>\n<p>The aggregate assets of Armenian insurance companies in late June 2017 stood at 43.4 billion drams (an increase of 0.1%), their liabilities amounted to 24.2 billion drams (an increase of 1.2%) and their capital declined by 1.3% to 19.2 billion drams. ($ 1 &#8211; 478.2 drams) -0-<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Six insurance companies operating in Armenia earned a total of 1.26 billion drams in net profit in the first six months of this year, down from 2.62 billion they had earned a year earlier<\/p>\n","protected":false},"author":1,"featured_media":166223,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[12149,9216],"tags":[15837,13052,14001,323],"class_list":{"0":"post-109424","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-insurance-market","8":"category-news","9":"tag-armenia-2","10":"tag-insurance-companies","11":"tag-net-profit","12":"tag-323"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/109424","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=109424"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/109424\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/166223"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=109424"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=109424"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=109424"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}