Decline reported on Atəşgah Sığorta net profit and shrp growth on expenses and liabilities

12:32 - 13.11.2026


November 13, Fineko/abc.az. Atəşgah Sığorta OJSC completed Jan–Sept 2026 with net profit of 1.089 million manats (0.8% less versus Jan-Sept 2025).

According to company's financial report, growth rate of insurer's expenses (18.4%) exceeded growth rate of its profit (17.95%).

Thus, for the first 9 months of 2026, Atəşgah Sığorta's expenses amounted to 62.267 million manats and its earnings - 63.628 million manats. Profit tax payments declined by 0.7% to 272,000 manats.

At that, as of October 1, 2026 company's liabilities grew by 19% year-on-year, reaching 62.475 million manats.

Insurer's assets increased by 16.4% up to 80.655 million manats and the balance sheet capital by 8.35% up to 18.181 million manats.