Net profit of Azsığorta fell more than by 63%, income and assets also declined

12:31 - 13.11.2026


November 13, Fineko/abc.az. Azsığorta OJSC completed Jan–Sept 2026 with net profit of 458,000 manats (63.25%, or about 2.7-fold less against the 2025 same term).

According to company's financial report, for the first 9 months of this year, insurer's earnings dropped by 12% versus Jan-Sept 2025 to 8.949 million manats.

Expenses lowered only by 2.75% to 8.376 million manats, which did not compensate for a significant drop on profit.

Profit tax payments decreased by 63% to 115,000 manats.

At that, as of October 1, 2026 Azsığorta's assets decreased by 3.2% in annual terms, reaching 29.78 million manats, and the balance sheet capital by 0.2% to 19.041 million manats. Company's liabilities declined by 8.1% to 10.736 million manats.