PROFIT OF ARMENIAN INSURANCE COMPANIES MAKES ABOUT 574
MILLION DRAMS AT END OF THIRD QUARTER OF 2007
06-11-2007 20:00:00 | Armenia | Economy
YEREVAN, NOVEMBER 6, NOYAN TAPAN. As of September 30, 2007,
the overall assets of Armenian insurance companies made 8 bln
420 mln 772 thousand drams (over 25 mln 551.7 thousand USD) -
against 8 bln 128 mln 401 thousand drams as of August 30, 2007.
According to data of the Central Bank of Armenia (CBA), the
overall monetary resources of these companies on the indicated
dates amounted to 116 mln 194 thousand drams and 122 mln 537
thousand drams respectively, their fixed assets - to 484 mln 642
thousand drams and 486 mln 297 thousand drams, own capital - 5
bln 434 mln 456 thousand drams and 5 bln 206 mln 682 thousand
drams, and their authorized capital - 4 bln 765 mln 177
thousand drams and 4 bln 686 mln 727 thousand drams.
The Armenian insurance companies' bills paybale concerning
budgetary and compulsory social insurance payments made 36 mln
497 thousand drams as of September 30, 2007 and 31 mln 504
thousand drams as of August 30; their bills receivable - 294 mln
283 thousand drams and 279 mln 783 thousand drams respectively;
insurance reserves - 1 bln 614 mln 880 thousand drams and 1 bln
559 mln 18 thousand drams.
Insurance premiums of the insurance companies on the indicated
dates made 4 bln 384 mln 949 thousand drams and 3 bln 930 mln
971 thousand drams; insurance premiums transferred to reinsurers
- 2 bln 91 mln 118 thousand drams and 1 bln 916 mln 884 thousand
drams respectively.
The total amount of insurance compensation sums of the
insurance companies amounted to 496 mln 259 thousand drams as of
September 30, 2007 and 453 mln 675 thousand drams as of August
30, 2007; the share of reinsurers in insurance compensation made
195 mln 368 thousand drams and 181 mln 556 thousand drams; the
total amount of insurance sums - 1 trillion 639 bln 930 bln 628
thousand drams and 2 trillion 492 bln 880 mln 272 thousand
drams.
The undistributed profit of the insurance companies made
573 mln 908 thousand drams as of September 30, 2007 and 506 mln
175 thousand drams of August 30, 2007.