NET PROFIT OF ARMENIAN INSURANCE COMPANIES 644.3MLN AMD THIS JAN-SEPT
ARKA
Nov 25, 2008
YEREVAN, November 25. /ARKA/. The net profit of Armenian insurance
companies reached 644.3mln AMD this January-September, an annual
increase of 18.27%.
According to ARKA analysis of indexes of Armenian insurance companies
the three leading companies are Nairi Insurance, Ingo Armenia and
Rasco.
Namely, the net profit of Nairi Insurance reached 200.6mln AMD this
Jan-Sept (annual increase of 179.1%), that of Ingo Armenia 200.1mln
AMD (82.2%) and Rasco 174.1mln AMD (42.94%).
Eight out of eleven insurance companies recorded return, while three of
them – Cascade Insurance, Alfa Insurance and Rosgosstrakh-Armenia were
in the red. Cascade Insurance recorded the highest loss of 46.5mln
AMD, the other two companies have started operating comparatively
not long ago.
In the third quarter, the most profit was recorded by Ingo Armenia
(407.3mln AMD), followed by Rasco (255mln AMD) and Nairi Insurance
(234.4mln AMD). The total profit from insuring reached 1,631.3mln
AMD in Q3.
Eleven insuring companies operated in Armenia on September 30.