12:05 - 28.04.2026

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April 28, Fineko/abc.az. The insurance market of Azerbaijan encountered a serious reduction in net profit by 32% for the first quarter of this year.

ABC.AZ informs that as a result, overall net profit in the sector decreased by 32% year-on-year and amounted to 15.81 million manats.

The net profit of PAŞA Sığorta OJSC declined by 40% versus Jan-Mar 2025 to 8.52 million manats. Despite this, the company holds nearly 54% of the market.

A similar trend is observed on Qala Sığorta OJSC, which took the 2nd place: company's profit fell by 35% to 2.89 million manats. Contrary to the general market picture, Xalq Sığorta (3rd place) demonstrated the highest growth rate: its net profit grew by 165% up to 1.48 million manats.

The weakest result in the market was recorded by Azərbaycan Sənaye Sığorta - the company ended Jan-Mar 2026 with loss of 94,100 manats, although it was profitable for Jan-Mar 2025.

The reinsurance segment shows a different picture. The only participant, AzRe Təkrarığorta OJSC, increased its net profit by 203% in 2025, bringing it up to 11.15 million manats.