Total capital of Armenian insurances companies last year rose by 53.9%

24.02.2010 19:35
Total capital of Armenian insurances companies last year rose by 53.9%

YEREVAN, February 24, /ARKA/. The total capital of Armenian insurances companies last year amounted to 12.4 billion Drams, rising by 4.3 billion Drams or 53.9% from the beginning of the year.

According to an ARKA analysis, based on insurance companies’ official reports and statements for Q4, 2009, the leading company, in terms of capital size, was Rasco insurance company that had 1.6 billion Drams of capital at the end of 2009. Its share in the overall amount of total capital of all insurance companies was 12.6%.

Second was Ingo Armenia with 1.5 billion Drams (12.2% of the aggregate capital of all insurance companies), followed by Cascade Insurance–1.2 billion drams, (9.9%). Rosgosstrakh-Armenia company posted last year a 124% (680. 7 million drams) capital growth, Rasco posted a 108% capital growth (807.5 million Drams) , Cascade Insurance- 107.25% ( 635.9 million Drams), ISG- 88.47% (444.2 million Drams) and Reso- 72.7% (414 million Drams).

There are 12 insurance companies in Armenia with 9 branches. ($1 – 382.13 Drams ).-0-


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