12:35 - 26.11.2025

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November 26, Fineko/abc.az. The net profit of Meqa Sığorta OJSC for the first three quarters of 2025 decreased from 3.37 million manats to 3 million manats year-on-year, that is, by 10.8%.

ABC.AZ informs that as a result, company's revenue decreased by 565,000 manats versus Jan-Sept 2024 to 25.93 million manats.

The figures for Q3 presented by the Central Bank, Meqa Sığorta premiums fell from 27.35 million manats for the 2024 same term to 25.69 million manats, and payments increased from 10.49 million manats up to 11.84 million manats.

Core operating income decreased by 8.1%, from 27.99 million manats to 25.72 million manats. Investment income grew by 10%, from 1.88 million manats up to 2.07 million manats.

The change in net insurance reserves significantly improved from negative indicator of 4.08 million manats to profit of 2.46 million manats.

As for expenses, Meqa Sığorta’s overall expenses declined by a small margin from 22.28 million manats to 22.18 million manats. The main operating expenses decreased by 1.8%, from 13.73 million manats to 13.49 million manats. Work expenses grew from 8.52 million manats up to 8.64 million manats.

As a result, company's financial profit fell from 4.21 million manats to 3.75 million manats (by about 10.9%). The income tax decreased from 842,000 manats to 746,000 manats.