12:13 - 31.03.2022

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March 31, Fineko/abc.az. Insurance company Baki Sigorta completed 2021 with net loss of AZN 1.712 million (net profit of AZN 155,211 in 2020).

ABC.AZ reports that insurer’s losses for 2021 are linked with the 3.5-fold increase in Baki Sigorta’s compensation payments and the allocation of insurance reserves by 3 times.

Last year, company’s total operating income reached AZN 3.89 million and operating expenses AZN 5.6 million (AZN 2.627 million and AZN 2.4 million in 2020, respectively).