Friday, March 13 2015 20:22

Net profits of Armenian insurance companies for 2014 totals 2.2026 bln drams


ArmInfo. Net profits of the Armenian insurance companies for 2014 totaled 2.026 bln drams versus 705.6 mln drams in 2013. In Q4 2014, this indicator totaled 1.316 mln drams with a 99.8% decline versus Q3.

According to the Ranking of Armenian Insurance Companies prepared by ArmInfo News Agency, Rosgosstrakh Armenia Insurance Company was the leader with 959.1 mln drams net profits versus 508.6 mln drams loss in 2013 (net profits of the company for Q4 2014 totaled 212 mln drams). Armenia Insurance Company was on the second place with 405.1 mln drams with a twofold year -over- year growth (112.3 mln drams for Q4). INGO Armenia rounds out the top three insurance companies wit 399.3 mln drams versus 548.2 mln drams a year ago (271.1 mln drams loss for Q4 2014).

Nairi Insurance Company took the 4th place with 305.1 mln drams net profits and 40.7% y-o-y decline (91.4 mln drams net profits for Q4). RESO retained the 5th position with 111.6 mln drams versus 267.8 mln drams loss for 2013 (76.5 mln drams net profits for Q4). Sil Insurance suffered 154.4 mln drams in 2014 with a 66.7% y-o-y growth of the negative indicator (66.9 mln drams loss for Q4).

According to the source, the aggregate insurance premiums fell 13.3% y-o-y to 29.5 bln drams, with the total indemnities growing 15.2% to 21.5 bln drams in 2014. The premiums collected for Q4 totaled 6.959 bln drams with 0.2% y-o-y growth, while the indemnities fell 12.5% to 3.7 bln drams.

To recall, the insurance companies of Armenia provide 16 out of 19 insurance lines registered in Armenia. INGO Armenia is the only company to provide all the 16 insurance lines. ROSGOSSTRAKH Armenia provides 15 insurance lines (the only company providing insurance of loan risks). (exchange rate for Dec 31 2014 was 474.97 AMD/1USD).
POST A COMMENT
Input digits     


News
Armenia`s first satellite, Armsat-1,  entered controlled deorbit  phaseArmenia`s first satellite, Armsat-1,  entered controlled deorbit  phase
Pashinyan: Investments in Armenia`s military-industrial complex  amounted to approximately $450 million over past two yearsPashinyan: Investments in Armenia`s military-industrial complex  amounted to approximately $450 million over past two years
Ղազախական ցորենով բեռնված գնացքը ժամանել է Հայաստան՝ Ադրբեջանով անցնող երկաթուղովՂազախական ցորենով բեռնված գնացքը ժամանել է Հայաստան՝ Ադրբեջանով անցնող երկաթուղով
Armenia`s industrial sector declined by 5.7% in January-September  2025Armenia`s industrial sector declined by 5.7% in January-September  2025
TEAM`s 5G network  available in Gyumri and VanadzorTEAM`s 5G network  available in Gyumri and Vanadzor
Economy Minister discussed rebranding of Armenian brandy with  producersEconomy Minister discussed rebranding of Armenian brandy with  producers
Dollar, ruble transactions   decreased in Armenia`s  interbank  foreign exchange market from November 3- 7, 2025Dollar, ruble transactions   decreased in Armenia`s  interbank  foreign exchange market from November 3- 7, 2025
Fly Cham to launch Aleppo-Yerevan flightsFly Cham to launch Aleppo-Yerevan flights
FLYONE ARMENIA to launch new Yerevan-Batumi - Yerevan flight next  yearFLYONE ARMENIA to launch new Yerevan-Batumi - Yerevan flight next  year
Armenia among top 10 popular destinations for Russian tourists,  according to results of  first nine months of 2025Armenia among top 10 popular destinations for Russian tourists,  according to results of  first nine months of 2025
Armenia, India discuss possible cooperation in defense industry Armenia, India discuss possible cooperation in defense industry 
Armenian MP proposes rising duty on metal fitting Armenian MP proposes rising duty on metal fitting 
New route through Azerbaijan to strengthen sustainability of supplies  of Russian agricultural products to regoinal countriesNew route through Azerbaijan to strengthen sustainability of supplies  of Russian agricultural products to regoinal countries
AraratBank Honoured with STP Award by Commerzbank AGAraratBank Honoured with STP Award by Commerzbank AG
AI to change economy, public and everyday life beyond recognition in  coming years - Hakob Arshakyan AI to change economy, public and everyday life beyond recognition in  coming years - Hakob Arshakyan 
RA SRC: List of products subject to identification marking to be  expanded from January 1, 2026RA SRC: List of products subject to identification marking to be  expanded from January 1, 2026
ARMSWISSBANK: A strategic financial bridge between Armenia and international marketsARMSWISSBANK: A strategic financial bridge between Armenia and international markets
Germany to support Armenia with 152  million euros in strategic  cooperation areas  until 2027 - German EmbassyGermany to support Armenia with 152  million euros in strategic  cooperation areas  until 2027 - German Embassy
By the end of October, actual tax collections in Armenia exceeded   annual target by 13.7%By the end of October, actual tax collections in Armenia exceeded   annual target by 13.7%
Compelling Business Loan Offer from AraratBank: JOIN USCompelling Business Loan Offer from AraratBank: JOIN US
Economist: It`s too early to assess economic benefits of new freight  routes passing through ArmeniaEconomist: It`s too early to assess economic benefits of new freight  routes passing through Armenia
82% of tax revenues and state duties planned for 2025  already   secured- RA SRC Chairman82% of tax revenues and state duties planned for 2025  already   secured- RA SRC Chairman
I hope we don`t jinx it: Pashinyan commends Iranian company for  I hope we don`t jinx it: Pashinyan commends Iranian company for  "unprecedented construction speeds"
Grain delivery to Armenia dynamic - premier Grain delivery to Armenia dynamic - premier 
Armenian pensioners to get cashless pensions Armenian pensioners to get cashless pensions 
RA MOD to get $11mln more RA MOD to get $11mln more 
Health Programs Implementation Office to be responsible for  implementing Universal Health Coverage Loan ProgramHealth Programs Implementation Office to be responsible for  implementing Universal Health Coverage Loan Program
Further cargo transportation from Russia, Kazakhstan to Armenia via  Azerbaijan - Azerbaijani railways Further cargo transportation from Russia, Kazakhstan to Armenia via  Azerbaijan - Azerbaijani railways 
Direct rail service between Russia and Armenia through Azerbaijan and  Georgia tangible contribution to peace in the South Caucasus - Alexei  Overchuk Direct rail service between Russia and Armenia through Azerbaijan and  Georgia tangible contribution to peace in the South Caucasus - Alexei  Overchuk 
First grain consignment from Russia to Armenia via Azerbaijan First grain consignment from Russia to Armenia via Azerbaijan 
The interview of Mher Abrahamyan, Chairman of the Board of IDBank, to Khaleej TimesThe interview of Mher Abrahamyan, Chairman of the Board of IDBank, to Khaleej Times
Armenian manufacturers participating  in  Occupational Safety and  Health A+A 2025 trade fair  in DusseldorfArmenian manufacturers participating  in  Occupational Safety and  Health A+A 2025 trade fair  in Dusseldorf
In Armenia, annual inflation accelerated from 0.6% to 3.7%  in  October, driven by rising prices for food products, services in  transportation, tourism sector,  and beauty salonsIn Armenia, annual inflation accelerated from 0.6% to 3.7%  in  October, driven by rising prices for food products, services in  transportation, tourism sector,  and beauty salons
Central Bank Chairman: Macrostability becoming Armenia`s hallmark Central Bank Chairman: Macrostability becoming Armenia`s hallmark 
AraratBank – Title Sponsor of Urartu Football ClubAraratBank – Title Sponsor of Urartu Football Club
SCR, Armenian Tourism Federation sign Memorandum of CollaborationSCR, Armenian Tourism Federation sign Memorandum of Collaboration
SCR Director: Rail route through Azerbaijan to be in demandSCR Director: Rail route through Azerbaijan to be in demand
Economic growth down in Jan-Sept 2025 Economic growth down in Jan-Sept 2025 
RA Anticorruption Committee to get more money in 2026RA Anticorruption Committee to get more money in 2026
Amendments to Law on Ensuring Uniformity of Measurements in Armenia  aimed at enhancing accuracy of product informationAmendments to Law on Ensuring Uniformity of Measurements in Armenia  aimed at enhancing accuracy of product information
Armenian authorities` task is keeping freight vehicles at country`s  land bordersArmenian authorities` task is keeping freight vehicles at country`s  land borders
Ameriabank’s Corporate Loan Portfolio Surpasses AMD 1 TrillionAmeriabank’s Corporate Loan Portfolio Surpasses AMD 1 Trillion
New mechanisms to take effect on Armenia`s real estate market New mechanisms to take effect on Armenia`s real estate market 
RA Investigative Committee to get to get AMD 219.6mln more next year RA Investigative Committee to get to get AMD 219.6mln more next year 
Russian wheat beting transported to Armenia via Azerbaijan - minister Russian wheat beting transported to Armenia via Azerbaijan - minister 
In 2026, total funding for Ministry of Environment`s activities to be  15.4 billion dramsIn 2026, total funding for Ministry of Environment`s activities to be  15.4 billion drams
Martin Galstyan: Armenia is in a good position in terms of high  economic growth and low inflationMartin Galstyan: Armenia is in a good position in terms of high  economic growth and low inflation
39.4 bln drams to be allocated for agricultural programs in Armenia  in 2026 - Minister39.4 bln drams to be allocated for agricultural programs in Armenia  in 2026 - Minister
Opportunities and Prospects for Cooperation Between Business and the Banking System in Syunik Region – IDBankOpportunities and Prospects for Cooperation Between Business and the Banking System in Syunik Region – IDBank
Armenian premier on advantages of Washington agreements for EAEU  member-states Armenian premier on advantages of Washington agreements for EAEU  member-states 
RA CB leaves refinancing rate unchanged RA CB leaves refinancing rate unchanged 
Armenia`s education expenses to reach 3% of GDP in 2026 Armenia`s education expenses to reach 3% of GDP in 2026 
EU investing 5 million euros in Armenia`s nuclear safetyEU investing 5 million euros in Armenia`s nuclear safety
AraratBank and Théâtron Festival Bring Smiles to Little OnesAraratBank and Théâtron Festival Bring Smiles to Little Ones
EIB Global provides €100 million to support Armenian micro and small businessesEIB Global provides €100 million to support Armenian micro and small businesses
Armenian pharmacists attended world`s largest industry exhibition,  CPHI Worldwide 2025Armenian pharmacists attended world`s largest industry exhibition,  CPHI Worldwide 2025
Armenia joins Germany`s Import Promotion Desk initiativeArmenia joins Germany`s Import Promotion Desk initiative
Ardshinbank Will Raffle off Around 3000 Gifts for Borrowers Who Pledge Gold as CollateralArdshinbank Will Raffle off Around 3000 Gifts for Borrowers Who Pledge Gold as Collateral
RA Ministry of Internal Affairs` seismic protection network to begin  next yearRA Ministry of Internal Affairs` seismic protection network to begin  next year
EDB: Economic activity in Armenia grew by 7.6% year-on-year in  January-September 2025EDB: Economic activity in Armenia grew by 7.6% year-on-year in  January-September 2025
Read more
Exchange rates
07.11.2025
RUB4.730.00
USD382.540.06
EUR441.831.56
GBP501.401.12
CAD271.06-0.26
JPY24.950.07
CNY53.720.02
CHF473.911.25


Experts
TUMO and Astana Hub: One good turn deserves anotherTUMO and Astana Hub: One good turn deserves another
Expert: Electricity tariff containment in Armenia is only temporaryExpert: Electricity tariff containment in Armenia is only temporary
Political Scientist: Armenia`s withdrawal from  Eurasian Economic  Union (EAEU) to result in its dependence on Azerbaijani and Turkish  marketsPolitical Scientist: Armenia`s withdrawal from  Eurasian Economic  Union (EAEU) to result in its dependence on Azerbaijani and Turkish  markets
Read more

Commented
ATI.SU: Demand for international cargo transportation 30% up in  ArmeniaATI.SU: Demand for international cargo transportation 30% up in  Armenia
Civil Contract nominates Armen Ktoyan for  Central Bank Board Member  positionCivil Contract nominates Armen Ktoyan for  Central Bank Board Member  position
Armenia, France considering prospects for expanding technological  cooperation  Armenia, France considering prospects for expanding technological  cooperation  

Company bonds
UCO CJSC "GLOBAL CREDIT"1
UCO CJSC "GLOBAL CREDIT"3
UCO CJSC "GLOBAL CREDIT"4
UCO CJSC "GLOBAL CREDIT"5
UCO CJSC "GLOBAL CREDIT"7
"National Mortgage Company"2A
"National Mortgage Company"2B
UCO CJSC “FINCA” 1
UCO CJSC “FINCA” 2