Accumulated surplus of Armenian insurance companies up 52 for 3Q 2014

Arminfo. The accumulated surplus of Armenian insurance companies (including the insurance company "Garant Insurance") grew by 52 for the 3Q 2014 and by 1 October amounted to more than 2 billion AMD. According to the Ranking of the insurance companies prepared by Arminfo, the accumulated surplus of the insurance companies grew almost twofold.

The quarter growth is conditioned by the growth of the volume of the gathered premiums by 27 up to 6.9 billion AMD, while the insurance compensations reduced by 52 - to 4.2 billion AMD. According to the Ranking, 4 companies completed the 3Q with profit. The insurance company "Armenia Insurance" preserved the first place by the level of the accumulated surplus - 1.8 billion AMD (growth by 7,9 versus the 2Q, growth by 29,6 versus the 3Q 2013). "Nairi Insurance" was the second - 632 million AMD (falling of the accumulated surplus by 2,5 versus 2Q, and by 20,2 versus 3Q 2013). "INGO Armenia" was the third - 420.9 mln AMD (growth almost threefold versus 2Q and by 87,1 versus 3Q 2013). The insurance company "Garant Insurance" that was functioning then, was the forth - 100.7 mln AMD (falling by 9 versus 2Q). Arminfo will not touch on the data of this insurance company, as it joined the insurance company "Rosgosstrakh Armenia". Three insurance companies ended the 3Q with loss. The insurance company "Sil Insurance" - 354.3 mln AMD, "RESO" - 488.2 mln AMD and "Rosgosstrakh Armenia" - 70.7 mln AMD. According to the results of the 3Q, the equity capital of the insurance companies amounted to 16.9 bln AMD - by 5,3 more versus the 2Q and by 16,1 more versus the 3Q 2013 (the share in liabilities - 38,3). The share of the authorized capital in the structure of the equity capital was 84,2 or 14.2 bln AMD, and the share of the accumulated surplus - 12. The total circulating commitments amounted to 27.2 bln AMD or 70,8 in general liabilities - growth by 0,8 versus 2Q and falling by 14,1 versus 3Q 2013. The share of the loan payable in the current liabilities was 7,6 or 2 bln AMD, growth by 17,2 versus 2Q and falling by 23,5 versus 3Q 2013. The share of the insurance reserves in the circulating commitments was 14,8 or more than 4 bln AMD, by 1, more versus 2Q and by 62 less versus 3Q 2013. Here are the three leaders by the volume of the insurance reserves - "Rosgosstrakh Armenia" - 1.7 bln AMD, "Nairi Insurance" - 754.2 mln AMD and "INGO Armenia" - 694.2 mln AMD. "RESO" is the forth - 310.8 mln AMD, "Sil Insurance" is the fifth - 265.8 mln AMD and "Armenia Insurance" is the sixth - 249.4 mln AMD.