BAKU, Azerbaijan, March 30. Azerbaijani AtaInsurance OJSC finished 2023 with a loss of 947,000 manat ($557,060), up 64.7 percent from 2022, Trend reports.
The data from the company's financial report showed that its last-year revenues amounted to 11 million manat ($6.47 million), decreasing by 0.3 percent from the previous year, while expenses - 11.99 million manat ($7 million), up 2.9 percent.
As of January 1 of this year, the company's assets totaled 15.8
million manat ($9.29 million), up 11.9 percent from the previous
year. Meanwhile, liabilities increased by 30 percent to 6.6 million
manat ($3.88 million).
Furthermore, the balance capital increased by 1.6 percent to 9.16
million manat ($5.39 million), while the allowed capital increased
by 9.2 percent to 15.95 million manat ($9.38 million).
AtaInsurance was created in 2004 and is a division of AtaHolding
LLC. This holding owns 100 percent of the company's stock.
