ArmInfo. By Jul 1, 2015 insurance companies' assets totaled 39 bln AMD with 5.1% yoy fall. In Q2 the decrease indicator totaled 2.8%.
By the Ranking of insurance companies of Armenia, prepared by ArmInfo News Agency, four of the six operating companies registered a fall with RESO taking the first place - 25% (amid 6.9% quarter decrease). Ingo Armenia's assets decreased by 9.6% (amid 4.5% quarter fall). Nairi Insurance was registered to have 2.6% fall (amid 8.9% quarter growth), while Rosgosstrakh Armenia reduced its assets by 2% (amid 5.1% quarter decrease). Sil Insurance has shown 20.3% yoy growth (amid 4.6% quarter growth) and Armenia Insurance - 2.5% growth (amid 6.2% quarter fall).
According to the source, the yoy decrease in insurance companies' assets is mainly conditioned by the 63.9% reduction of funds and their equivalents (amid 47,4% fall in Q2), as well as the 6% reduction in current assets (2.5% quarter decrease), 2.1% current financial investments (amid 0.5% quarter growth), 1,9% short-term receivables (amid 3.1% quarter fall).
In the asset structure 88% or 33.3 bln AMD accounted for the current assets. The share of the current financial investments totaled 60,9% or 23.7 bln AMD, short-term receivables - 21,1% or 8.2 bln AMD. 14,6% or 5.7 bln AMD accounted for the share of noncurrent assets.
By the data of the Ranking, Rosgosstrakh Armenia comes first in matter of assets' scale - 11.5 bln AMD. Then comes Ingo Armenia - 10.8 bln AMD. Nairi Insurance comes third with its 5.1bln AMD assets. Armenia Insurance comes 4th with 4 bln AMD. The fifth position goes to RESO - 3.9 bln AMD and the sixth one - Sil Insurance - 3.6 bln AMD. The average market exchange rate of USD/AMD Jun 30 2015 was 472,53 drams/US$1.