"Rosgosstrakh Armenia" keeps leadership among insurance companies in large taxpayers list

ArmInfo. The insurance sector of Armenia paid 2.652 billion AMD in taxes in 2017, which is 26.8% more than a year ago. Of this amount, over 91.4% or 2.425 billion AMD was paid under direct taxes (including income tax and income tax). According to the RA State Revenue Committee, in the list of 1000 largest taxpayers of Armenia, in the result of 2017, all 6 insurance companies operating on the market were included.

Among the insurance companies for tax payments, the leader is Rosgosstrakh Armenia, which occupied 174th place (against 216th year earlier), paying 826.8mln AMD to the state budget, out of which 750.3mln AMD - profit tax and income tax. Ingo Armenia ranked 176th in this list (against 243 in 2016), replenishing the state budget by 813.8 million, of which 770.9 million is profit and income tax. IC "Nairi Insurance" took 347th position (against 313th year earlier), transferring 398.4mln AMD to the state treasury, including 367.1 million drams - income tax and income tax. Further, IC "Sil Insurance" - 492 place (against 501 the year before), paid 251.8 million drams, of which 220.9 million drams - profit tax and income tax. RESO Insurance Company took 644th place (against 655th a year earlier), paying 189.7mln AMD, of which 160mln AMD - on income tax and income tax. IC "Armenia Insurance" took 713th place (against 530th a year earlier), having paid 171.4 million drams, of which 155.6 million - for income tax and income tax.

In 2016 the insurance sector of Armenia increased allocations to the state budget for taxes by 17.8%.  Leadership was held by Rosgosstrakh Armenia Insurance Company, after which INGO Armenia, IC Nairi Insurance, Insurance Company Insurance Company, Insurance Company Insurance Company and RESO Insurance Company were located.

According to the Ranking of insurance companies of Armenia prepared by IA "ArmInfo", the aggregate accumulated profit of the insurance sector of Armenia in the result of 2017 was 3.97 billion drams, sagging by 20.4% in the annual section. The balance profit (pre-tax) insurance market for 2017 was 1.99 billion drams (with an annual decline of 60%), which after deduction of taxes, led to a net profit of 1.6 billion drams with an annual decline of 58%. Of the 6 operating insurance companies with net profit completed in 2017 4th. Rosgosstrakh Armenia, the second IC INGO Armenia, the third IC Nairi Insurance and the fourth ic Armenia Insurance took the first place in terms of net profit. Loss on the basis of the results of 2017 was registered with IC "Sil Insurance" and SC "RESO". (The calculated exchange rate of AMD as of December 31, 2017 was 484.10 AMD/USD1).