BAKU, Azerbaijan, July 25. The insurance premium totaling 817 million manat ($165.4 million) was collected via insurance companies in Azerbaijan from January through June 2025, which is a growth of 12.7 percent or 91.9 million manat ($24.4 million) compared to the same period in 2024.
Data obtained by Trend from the Central Bank (CBA) shows that among the top performers, "Mega Life Insurance" OJSC saw the largest growth, collecting 7.9 million manat ($11.2 million) in premiums, which represents an 83 percent increase compared to the same period last year.
On the other hand, "Silk Way Insurance" OJSC experienced the largest decrease, with its premiums falling by 14.7 percent to 1.5 million manat ($823.5) compared to the previous year.
The full ranking of insurance companies based on premium growth from January through June 2025 is as follows:
|
Company |
2025 (manat) |
2024 (manat) |
Annual dynamics, % |
|
Mega Life Insurance OJSC |
7.9 million manat ($4.6 million) |
4.3 million manat ($2.5 million) |
83 percent |
|
Khalg Insurance OJSC |
14.1 million manat ($8.2 million) |
10.7 million manat ($6.2 million) |
31.5 percent |
|
Ateshgah Life Insurance Company OJSC |
57.3 million manat ($33.7 million) |
44.9 million manat ($26.4 million) |
27.6 percent |
|
Azerbaijan Industry Insurance OJSC |
16.5 million manat ($9.7 million) |
13.2 million manat ($7.7 million) |
24.7 percent |
|
Qala Life Insurance Company OJSC |
13.3 million manat ($7.8 million) |
10.9 million manat ($6.4 million) |
21.6 percent |
|
Agrar Insurance OJSC |
13.2 million manat ($7.7 million) |
11.1 million manat ($6.5 million) |
18.6 percent |
|
PASHA Life Insurance OJSC |
390.8 million manat ($229.8 million) |
339.8 million manat ($199.8 million) |
15 percent |
|
Ateshgah Insurance Company OJSC |
30.5 million manat ($17.9 million) |
26.7 million manat ($15.7 million) |
14,3 percent |
|
PASHA Insurance OJSC |
182.2 million manat ($107.1 million) |
171.1 million manat ($100.6 million) |
6.5 percent |
|
Qala Insurance Company OJSC |
49.9 million manat ($29.3 million) |
47 million manat ($27.6 million) |
6.2 percent |
|
Khalg Life Insurance OJSC |
5.2 million manat ($3 million) |
4.9 million manat ($2.88 million) |
6 percent |
|
A-Group Insurance Company OJSC |
9.1 million manat ($5.3 million) |
8.7 million manat ($5.1 million) |
4.1 percent |
|
AtaInsurance OJSC |
4.8 million manat ($2.8 million) |
5.1 million manat ($3 million) |
-6.6 percent |
|
AzInsurance OJSC |
4.6 million manat ($2.7 million) |
5.2 million manat ($3 million) |
-11 percent |
|
Mega Insurance OJSC |
15.5 million manat ($9.1 million) |
17.8 million manat ($10.4 million) |
-12.9 percent |
|
Silk Way Insurance OJSC |
1.3 million manat ($.764.7) |
1.5 million manat ($882.3) |
-14.7 percent |
