BAKU, Azerbaijan, July 25. Azerbaijan's insurance companies made insurance payouts totaling 432 million manat ($254 million) from January through June 2025, marking a year-on-year rise of 76 million manat ($44.7 million), or 21.4 percent.
The data obtained by Trend from the Central Bank (CBA) shows that the largest growth in the payouts was observed at Mega Life Insurance OJSC.
The company paid out 2.9 million manat ($1.7 million), reflecting a 24.7-fold increase over the previous year.
Conversely, the biggest drop in the payouts was recorded at Silk Way Insurance OJSC.
The firm’s payouts totaled just 27,000 manat ($15,880), 8.7 times less than in the same period of 2024.
Below is a ranking of insurance companies by the dynamics of their insurance payouts during the period from January through June:
|
Company |
2025 |
2024 |
Annual dynamics, % |
|
Mega Life Insurance |
2.9 million manat ($1.7 million) |
117,000 manat ($68,820) |
2,373 (24.7 times growth) |
|
Ateshgah Insurance Company |
19.4 million manat ($11.4 million) |
10 million manat ($5.9 million) |
92.1 |
|
Qala Insurance Company |
12.5 million manat ($7.3 million) |
6.7 million manat ($3.9 million) |
86.7 |
|
Agrar Insurance |
4.4 million manat ($2.6 million) |
2.8 million manat ($1.6 million) |
55.8 |
|
Azerbaijan Industry Insurance |
5.9 million manat ($3.47 million) |
4.3 million manat ($2.5 million) |
35.7 |
|
AtaInsurance |
2.6 million manat ($1.5 million) |
1.9 million manat ($1.1 million) |
34.7 |
|
PASHA Life Insurance |
263.58 million manat ($155 million) |
201.9 million manat ($118.7 million) |
30.5 |
|
Mega Insurance |
7.8 million manat ($4.6 million) |
6.38 million manat ($3.7 million) |
22.8 |
|
Ateshgah Life Insurance Company |
32.3 million manat ($19 million) |
26.5 million manat ($15.6 million) |
21.8 |
|
AzInsurance |
1.06 million manat ($620,000) |
872,000 manat ($512,940) |
21.7 |
|
Khalg Life Insurance |
3.2 million manat ($1.88 million) |
3.1 million manat ($1.82 million) |
2.1 |
|
PASHA Insurance |
64.9 million manat ($38 million) |
64.3 million manat ($37.8 million) |
0.9 |
|
Khalg Insurance |
4.7 million manat ($2.7 million) |
5 million manat ($2.9 million) |
-6.9 |
|
A-Group Insurance Company |
5.37 million manat ($3 million) |
6.9 million manat ($4 million) |
-22.4 |
|
Qala Life Insurance Company |
1.26 million manat ($740,000) |
3.19 million manat ($1.88 million) |
-60.3 (2.5 times decrease) |
|
Silk Way Insurance |
27,000 manat ($15,880) |
236,000 manat ($138,820) |
-88.5 (8.7 times decrease) |
