16:59 - 28.07.2026

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July 28, Fineko/abc.az. The net profit of Qala Sığorta OJSC  totaled 3.5 million manats for the 1st half of 2026 (a drop by 48% versus Jan-Jun 2025 - 6.8 million manats).

According to insurance company's quarterly report, company's earnings amounted to 37.8 million manats and expenditures - 33.4 million manats.

A year earlier, these figures were 46.9 million and 38.4 million manats, respectively, indicating a 19% decrease in earnings and a 13% drop in expenditures. At that, company's net investment profit reached 2.3 million manats (16% less against 2.7 million manats a year earlier).

The accrued insurance premiums on the main insurance classes related to property insurance in the non-life insurance sector amounted to 15 million manats, compared with 37.3 million manats in the previous period. The main cause was decline in the premiums charged for compulsory real estate insurance from 26.7 million manats to 3.1 million manats. The loss ratio for motor vehicle insurance increased from 35.0% to 73.3%. For the main insurance classes related to civil liability insurance, the premiums charged were 9.9 million manats, and the insurance payments were 7.6 million manats (compared to 9.2 million manats in the previous period). The loss ratio for compulsory motor third-party liability insurance increased from 122.3% to 123.5%.

The total amount of company's investment portfolio was 60.1 million manats, compared to 70.5 million manats a year earlier, a drop of 15%. In the portfolio structure, bonds amounted to 37 million manats (including government bonds worth 17.9 million manats and non-government bonds worth 19.1 million manats), deposits amounted to 22.8 million manats, and shares amounted to 365,000 manats. Interest and dividend income from these assets amounted to 2.3 million manats, compared to 2.7 million manats in the previous period.