{"id":50403,"date":"2013-03-20T12:29:12","date_gmt":"2013-03-20T12:29:12","guid":{"rendered":"https:\/\/armbanks.am\/2013\/03\/20\/237857\/"},"modified":"2024-12-15T13:03:07","modified_gmt":"2024-12-15T13:03:07","slug":"net-profits-of-armenian-insurance-companies-last-year-slash-by-54-percent","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2013\/03\/20\/50403\/","title":{"rendered":"Net profits of Armenian insurance companies last year slash by 54 percent"},"content":{"rendered":"

YEREVAN, March 20. \/ ARKA \/.<\/strong> Total net profits of Armenian insurance companies in 2012 slashed by 54% from a year earlier to about 961.1 million drams.<\/p>\n

Five of seven companies closed the year with a profit, while the other two- Sil Insurance and RosgosstrakhArmenia\u2013 ended it with total losses of 511.7 million drams, which was the main cause behind the decline in\u00a0 net profits of insurance companies.<\/p>\n

RosgosstrakhArmenia\u2019s losses amounted to 373.2 million drams against 405.2 million drams in profit in 2011. RossgostrakhArmeniablamed the fall on high proportion of car insurance cases in its overall portfolio, highlighting\u00a0 the increased number of car accidents across the country. This in mind the company said it may revise the current tariffs on mandatory car insurance after appropriate changes are made in the legislation. Sil Insurance\u2019s losses last year totaled 138.5 million drams.<\/p>\n

According to the findings of an ARKA study, the leading insurance company last year in terms of net profit was Reso which earned\u00a0 436.2 million drams against 157.9 million drams in 2011.<\/p>\n

Second was Armenia Insurance with 402.5 million drams in net profits, which nearly doubled from 2011. They were followed by Nairi Insurance (about 252.4 million drams, down from 522.9 million drams in 2011, Garant-Limens\u00a0 (about 233.4 million drams, up from 167.2 million in 2011 year) and Ingo Armenia\u00a0 (about 148.1 million drams, down from 484.8 million drams in 2011). ($ 1 – 415.75 drams). -0 –<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Net income (losses) size, thous. AMD<\/strong><\/td>\n<\/tr>\n
 <\/td>\nCompany<\/td>\n2012 \u0433\u043e\u0434<\/td>\n2011 \u0433\u043e\u0434<\/td>\n<\/tr>\n
Before taxes<\/td>\nAfter taxes<\/td>\nBefore taxes<\/td>\nAfter taxes<\/td>\n<\/tr>\n
1<\/td>\nReso<\/td>\n474,616<\/td>\n436,292<\/td>\n107, 125<\/td>\n157,942<\/td>\n<\/tr>\n
2<\/td>\nArmeniaInsurance<\/td>\n472,033<\/td>\n402,583<\/td>\n333,186<\/td>\n287,338<\/td>\n<\/tr>\n
3<\/td>\nNairi Insurance<\/td>\n303,506<\/td>\n252,414<\/td>\n641,692<\/td>\n522,961<\/td>\n<\/tr>\n
4<\/td>\nGarant-Limens<\/td>\n291,902<\/td>\n233,462<\/td>\n206,518<\/td>\n167,214<\/td>\n<\/tr>\n
5<\/td>\nIngoArmenia<\/td>\n146,678<\/td>\n148,131<\/td>\n592,141<\/td>\n484,805<\/td>\n<\/tr>\n
6<\/td>\nSil Insurance<\/td>\n-172,258<\/td>\n-138,540<\/td>\n77,464<\/td>\n66,666<\/td>\n<\/tr>\n
7<\/td>\nRosgosstrakhArmenia<\/td>\n-433,474<\/td>\n-373,185<\/td>\n505,586<\/td>\n405,201<\/td>\n<\/tr>\n
 <\/td>\nTotal<\/td>\n1,083,003<\/td>\n961 157<\/td>\n2,356,587<\/td>\n2,092,127<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Total net profits of Armenian insurance companies in 2012 slashed by 54% from a year earlier to about 961.1 million drams.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[12149,9216],"tags":[15837,15891,12299,414],"class_list":{"0":"post-50403","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-insurance-market","7":"category-news","8":"tag-armenia-2","9":"tag-insurance-2","10":"tag-profit","11":"tag-414"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/50403","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=50403"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/50403\/revisions"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=50403"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=50403"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=50403"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}