31 July 2020

PASHA Life released its semi-annual financial reports

PASHA Life still ranks as a leader in all insurance markets for its insurance fees. According to the results of the first half of 2020, PASHA Life has increased the payout amount of life insurance premiums and insurance payments. Thus, compared to the first half of the last year, the collected insurance premiums increased by 22% to AZN 132 mln., and insurance payments increased 3 times to AZN 91 mln. On the other hand, in the first 6 months of the year, PASHA Life’s net profit amounted to AZN 6.2 mln. The company’s income from investment activities increased to AZN 13.1 mln.

PASHA Life has managed to increase its total assets this year as well. Thus, the total assets increased by 4% and reached AZN 406 mln. as of June 30, 2020.