16:42 - 27.04.2026

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April 27, Fineko/abc.az. Azərbaycan Sənaye Sığorta OJSC completed the first quarter of 2026 with net loss of 94,100 manats, which means sharp deterioration compared with profit of 386,400 manats for Q1 of 2025.

ABC.AZ informs, referring to company's report, that the main reason for transition from profit to loss was reduction in profit amid an increase in deductions for the formation of insurance reserves.

The negative dynamics also affected retained earnings: if in March 2025 it reached 1.8 million manats, then at the end of the current period accumulated loss of 1.51 million manats was recorded.

Tcompany ended 2025 with net loss of 2.59 million manats. There is drop in the personal insurance segment: insurance premiums amounted to 2.18 million manats (nearly 4.8% less in annual terms).

The loss rate for compulsory car insurance also remains high: company's loss ratio reached 110.95% against 106.96% a year earlier. In the 1st quarter, 30 complaints were received about this type of insurance, which, according to the company, were fully resolved.

Company's net investment profit totaled 572,000 manats (a rise of 14.4% versus Q1 of 2025).

 

By Elmir Muradov