YEREVAN, June 2. /ARKA/. INGO-Armenia insurance company paid AMD 51 million over the period between May 15 and 31 as compensations under 211 compulsory car insurance policies, the company’s press office reported on Wednesday.

The company placed on record 257 car accidents at the mentioned period. Of them, 189 occurred in Yerevan and 68 in provinces.

Compulsory car insurance was instituted in Armenia on January 1, 2011. There are 420,000 cars in the country.

INGO ARMENIA was established in 1997 as EFES CJSC, and was renamed after Russian Ingosstrakh acquired 75% of the company’s shares in December 2003.

The remaining 25% belong to Levon Altunyan (Armenia).

The company’s authorized capital amounts to AMD 750.9 million.

INGO ARMENIA’s assets totaled AMD 4.2 billion and liabilities AMD 2.5 million in late December 2010.

The company’s total capital amounted to AMD 1.6 billion and full-year net losses AMD 59.7 million. ($1 = AMD 365.71). -0-