{"id":112778,"date":"2018-02-27T15:00:28","date_gmt":"2018-02-27T15:00:28","guid":{"rendered":"https:\/\/armbanks.am\/2018\/02\/27\/247216\/"},"modified":"2024-12-15T13:32:44","modified_gmt":"2024-12-15T13:32:44","slug":"armenian-insurance-companies-net-profits-drop-by-60-in-2017","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2018\/02\/27\/112778\/","title":{"rendered":"Armenian insurance companies\u2019 net profits drop by 60% in 2017"},"content":{"rendered":"<p><strong>YEREVAN, February 27. \/ARKA\/.<\/strong> Six insurances companies operating in Armenia earned a total of 1.48 billion drams in net profit in 2017, down from 3.7 billion drams they had earned in 2016, according to Arka news agency\u2019s quarterly bulletin &#8220;Insurance Companies of Armenia\u201d for the fourth quarter of 2017.<\/p>\n<p>Four companies &#8211; Rosgosstrakh-Armenia, Ingo Armenia, Nairi Insurance and Armenia Insurance- closed last year with profit, while Reso and Sil Insurance posted losses.<\/p>\n<p>The leading company by size of net profit was Rosgosstrakh-Armenia, which earned 523.5 million drams, down from about 1.6 billion in 2016 (a 66.4% decrease). Ingo Armenia\u2019s net profit slashed by 46.7% to 501 million drams. Nairi Insurance\u2019s net profit dropped by 46.4% to 472.9 million drams and Armenia Insurance\u2019s net profit rose by 4.9% to 404.3 million drams.<\/p>\n<p>Reso\u2019s losses amounted to 204.8 million drams against a profit of 2.9 million drams in 2016, while SIL Insurance\u2019s losses amounted to 211.2 million drams against 15.1 million drams losses in 2016.<br \/>\nThe combined assets of insurance companies last year totaled 45.5 billion drams, an increase of 5.4% from the previous year; their liabilities amounted to 27 billion drams, an increase of 12.8%, while their capital fell by 3.91% to 18.4 billion drams. ($ 1 &#8211; 480.84 drams). -0-<\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/armbanks.am\/wp-content\/uploads\/2024\/12\/Untitled.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-112794\" src=\"https:\/\/armbanks.am\/wp-content\/uploads\/2024\/12\/Untitled.jpg\" alt=\"\" width=\"575\" height=\"202\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Six insurances companies operating in Armenia earned a total of 1.48 billion drams in net profit in 2017, down from 3.7 billion drams they had earned in 2016, according to Arka news agency\u2019s quarterly bulletin &#8220;Insurance Companies of Armenia\u201d for the fourth quarter of 2017<\/p>\n","protected":false},"author":1,"featured_media":160315,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[12149,9216],"tags":[15837,13052,12333],"class_list":{"0":"post-112778","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-profits"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/112778","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=112778"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/112778\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/160315"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=112778"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=112778"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=112778"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}