ArmInfo.A significant rise in compulsory motor third-party liability insurance (MTPL)  tariffs effective February 2025 has enabled insurance companies to enhance their efficiency and achieve significant profits. This information is based on the Financial Rating of Armenian Insurance Companies data as of December 31, 2025, prepared by the ArmInfo Investment Company using published financial reports and  requested indicators from insurance companies.

ArmInfo. Armenia's insurance sector was a significant increase in its net profit for  2025, nearly quadrupling from the previous year's 71% decline to reach 2.9 billion drams ($7.7 million).

ArmInfo. Armenia's agricultural crop insurance program will resume on February 15, 2026.  Minister of Economy Gevorg Papoyan shared this information on his Facebook page, noting that the decision was reached after lengthy negotiations with insurance companies.

ArmInfo.  The loss ratio for compulsory motor third-party liability insurance (CMTPLI) in  Armenia's insurance market has decreased from 81.8% to 76.3% in 2025,  according to data from the Armenian Bureau of Motor Insurers.

ArmInfo.  Armenia's insurance sector saw a significant increase in  its net profit  in  the first nine months of 2025 compared to the previous year. The  sector's net profit quadrupled, reaching AMD 2.8 billion ($7.3  million), a stark contrast to the 77,5% decline experienced a year  earlier. This growth was the result of tariff increases, leading to  an annual premium growth of 16.6% (amounting to AMD 63.2 billion or  $165.2 million), a substantial improvement from the previous year's  1.5% decline. However, the  annual indemnity growth slowed down from  17.3% to 8.1% (to AMD 35.2 billion or $92 million), according to the  Financial Rating of Armenian Insurance Companies as of September 30,  2025, prepared by ArmInfo Investment Company based on published  financial reports and additional data requested from insurance  companies.

ArmInfo. The loss ratio for compulsory motor third-party liability insurance (MTPLI) in the Armenian insurance market has begun to decline since 2025, reaching 75.2% for the first nine months of the year (compared to 79.4% a year  earlier). This is according to data from the Armenian Bureau of Motor  Insurers.

ArmInfo.  In the Armenian insurance market, the loss ratio for OSAGO began to decrease in 2025, amounting to 74% in January-August (compared to 79.1% the previous  year), as evidenced by data from the Bureau of Motor Insurers of  Armenia.

ArmInfo. In the insurance market of Armenia, the loss ratio for compulsory motor third-party liability insurance has been declining since 2025, amounting to 74.4% in  January-July (versus 79.3% a year earlier). This is evidenced by the  data of the Bureau of Motor Insurers of Armenia.

ArmInfo.  A substantial  increase in tariffs for compulsory motor third party liability insurance (OSAGO) since February of this year has enabled insurance companies  to greatly enhance the efficiency of their operations and achieve  significant profits, as evidenced by  data from the Financial Rating  of Insurance Companies in Armenia as of 30.06.2025, prepared by  ArmInfo IC based on published financial reports and requested  indicators that were previously unavailable from the insurance  companies.

ArmInfo. The insurance sector of  Armenia increased its net profit in the first half of 2025 by 2 times  year-on-year (against a 65.3% decline a year ago), ensuring it at the  level of 1.95 billion drams ($5.1 million). This was the result of a  strong slowdown in the annual growth of compensation from 32.4% to  4.3% (21.4 billion drams or $55.8 million) and the exit of the  dynamics of premiums from a 6% decline to 7.2% growth (41.5 billion  drams or $107.9 million). This is evidenced by the data of the  Financial Rating of Insurance Companies of Armenia as of 30.06.2025,  prepared by ArmInfo IC based on published financial reports and  additional data requested from the insurance companies.

ArmInfo. In the Armenian insurance market, the loss ratio for OSAGO began to decrease in 2025, amounting to 73.3% at the end of the first half of the year (compared to 79.1% a year earlier), as evidenced by data from the Bureau of Motor Insurers of Armenia.  The decline in the loss ratio during the  reporting period was observed alongside improvements in the annual  dynamics of  several active contracts from a 1.5% decline to 7.6%  growth, with an acceleration in the growth of insurance premiums from  4% to 16.8%, and a decrease in the growth of compensation from 22.9%  to 6.1%. The Bureau, reported a slight  year-on-year increase of   3.5% in the number of vehicles with MTPL insurance policies, compared  to 5.6% growth previous year. In quantitative terms, by July 2025,  there were 682,083 thousand vehicles with MTPL insurance policies in  the country, but the number of active policies stood at 661,197   (excluding terminated policies - 605,408).

ArmInfo. In the Armenian insurance market, the loss ratio for OSAGO has begun to decrease since 2025, amounting to 73.2% in January-May compared to 79.7% the previous year. as evidenced by data from the Bureau of Motor Insurers of Armenia.

ArmInfo.  Since 2025, the situation in the insurance market has started to change: premiums have increased, while compensation has decreased,  leading to a significant rise in profits. This is evidenced by data from the Financial Rating of Insurance Companies of Armenia as of 31.03.2025, prepared by ArmInfo IC based on published financial reports and  missing indicators requested from the insurance companies. In the first quarter of 2025, there was a notable slowdown in in the annual  decline of insurance premiums to 7%, exceeding 20.9 billion drams (over $ 53.4 million). Compensations also saw a shift in dynamics, with a slight 0.2% decrease, amounting to 10.3 billion drams ($ 26.2 million).  As a result, net profit experienced a significant turnaround, going from a 73% decline to an 82.3% growth, reaching 807.2 million drams ($ 2.1 million). The most impressive profit growth was provided by LIGA Insurance (3 times) and the new IC Efes (9 times). Both companies were able to eliminate losses and achieve a  substantial positive level, contributing to an overall increase   market profits. For comparison, in the first quarter of 2024,  premiums and compensations had opposite trends - a 19% decline in the former was accompanied by a 43% growth in the latter, as a result of which net profit fell by 73%.

ArmInfo. The net profit of the insurance sector of Armenia in the first quarter of 2025 increased by 82.3% per annum (against a 73% decline a year ago) and reached 807.2 million drams ($2.1 million). This was the result of a strong slowdown in the annual decline in premiums from 19% to 7% (20.9 billion drams or $53.4 million) and a reversal in the dynamics of compensation from a significant 43% growth towards a 0.2% decline (10.3 billion drams or $26.2 million). This is evidenced by the data of the Financial Rating of Insurance Companies of Armenia as of 31.03.2025, prepared by ArmInfo IC based on published financial reports and additional data requested from the insurance companies. 

ArmInfo. Of the 7 operating insurance companies, 3 were included in the list of the 1000 largest taxpayers of Armenia in the first quarter of 2025 (as a year ago): LIGA Insurance, INGO and Sil Insurance. This is evidenced by the data of the State Revenue Committee of the Republic of Armenia.

ArmInfo.  In the Armenian insurance market, the loss ratio for OSAGO began to decrease in 2025, reaching 79% by the end of the first quarter, down from 86% the previous year. This is evidenced by data from the Bureau of Motor  Insurers of Armenia.  The decline in the loss ratio during this  period was observed alongside an increase in the annual growth rate  of active contracts rising from 0.01% to 5.1. There was also an  improvement in the trend of insurance premiums, shifting from a 0.7%  decline to a 13.7% growth, and a significant slowdown in the growth  of compensation, dropping from 30.7% to 4.3%.

ArmInfo. The net profit of the insurance sector of Armenia, after a 4.5-fold jump in 2022, began to decline in 2023, lingering in this trend in 2024 with some slowdown in growth rates from 33% to 26%. This was the result of a  deterioration in the dynamics of premiums to a 2% decline and a  slowdown in the growth of compensation to 15%. While a year ago, both  indicators increased by 17% and 30%, respectively (against high  growth in premiums and stagnation in compensation in 2022). 

ArmInfo.In the insurance market of Armenia, the loss ratio for MTPL for 2024 increased from 71.7% to 81.8%. This is evidenced by the data of the Bureau of Motor Insurers of Armenia.

ArmInfo. In the insurance  market of Armenia, the loss ratio for compulsory motor third-party  insurance increased to the 81.5%  by December 2024, from last year's  70%.  This is evidenced by data from the Bureau of Motor Insurers of  Armenia. The growth of the ratio in January-November 2024 was  observed against the background of a deterioration in the annual  dynamics of the number of active contracts - from 12.8% growth to  0.8% decline, an imperceptible acceleration of the already moderate  growth of insurance premiums - from 3.4% to 9.4%, in parallel with  which a pronounced acceleration of double-digit growth in  compensation was recorded from 15.7% to 21.9%. According to the  Bureau, the number of vehicles with OSAGO policies in  January-November 2024 increased slightly - by only 1.7% y/y, while a  year ago the growth was 9.9%. In quantitative terms, by the beginning  of December 2024, there were 670,527 vehicles with MTPL contracts in  the country, but the number of active contracts was 1.192 million  (minus terminated ones - 1.081 million). 

ArmInfo. In the insurance market of Armenia, the loss ratio for compulsory motor third-party  liability insurance increased to 79.1% by September 1, 2024 from 65% last year. This is evidenced by the data of the Bureau of Motor Insurers of Armenia.