Monday, September 24 2012 15:32
Shareholders' funds of 7 insurance companies of Armenia up 3,7% to $32,7 mln for the first half of 2012
Arminfo. As of 1 July 2012, the aggregate shareholders' funds of 7 insurance companies of Armenia grew by 3,7% - up to 13.7 bln drams ($32,7 mln) for the first half of 2012. According to the Ranking of insurance companies prepared by ArmInfo, the shareholders' funds of the companies grew by 6,3% in the 2Q 2012 and by 6,6% versus the 2Q 2011.
The share of the authorized capital in the structure of the shareholders' funds of 7 insurance companies was 77,4% or 10.6 bln drams ($25.3 mln.), and the share of the cumulated surplus - 17,7% or 2.4 bln drams ($5.8 mln). The accumulated surplus of 7 insurance companies dropped by 12,3% in the first half of 2012, and grew by 25% for the 2Q 2012. According to the results of the first half of 2012, "INGO Armenia" is the first by the level of the accumulated surplus with indicator 1.1 bln drams and "RASCO" os the second - 1.035 bln drams. The third is "Nairi Insurance" - 290 mln drams.
The aggregate current liabilities of 7 insurance companies of Armenia for the first half of 2012 grew almost twofold and as of 1 July 2012 amounted to 25.1 bln drams. The share of the current accounts payable was 13,3% or 3.3 bln drams, growth by 40% versus the same period of 2011 and by 18,8% for the 2Q 2012.
The volume of insurance reserves grew by 2,5 times for the first half of 2012 and as of 1 July 2012, amounted to 19.3 bln drams. Here are the leading three according to the size of insurance reserves: "Rosgosstrakh-Armenia" - 5.1 bln drams, "INGO Armenia" - 4.7 bln drams and "RESO" - 3.1 bln drams. Minimal volume of insurance reserves was fixed at "Sil Insurance" - 547.5 bln drams. The insurance reserves of 7 insurance companies grew by 40% for the 2Q 2012.
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