17:26 - 24.04.2026

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April 24, Fineko/abc.az. Over Jan-Mar 2026, insurance company Xalq Sığorta received operating income of 7.33 million manats (5% less versus the 2025 same term).

ABC.AZ informs that company’s overall expenses grew by 16% up to 5.93 million manats.

During the quarter, the company collected 7.28 million manats of insurance premiums (2% less against Jan-Mar 2025 - 7.43 million manats).

The premiums in the property insurance segment (fire and other risks) declined by 0.8% to 1.37 million manats.

At the same time, motor vehicle insurance increased by 4.2% and reached 597,000 manats. Payments on this type of insurance increased by 35% up to 392,000 manats and the loss rate increased from 77% to 80%.

By Elmir Muradov