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Ateshgah Insurance Company Jsc (Azerbaijan)

Main Activities: Direct Insurance (except Life, Health, and Medical) Carriers
Full name: Ateshgah Insurance Company Jsc Profile Updated: March 15, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English & Russian Download a sample report

Insurance Company Ateshgah OJSC was established in the end of 1996 and obtained the license for insurance activity at the beginning of 1997. Starting from 2001 Insurance Company Ateshgah OJSC is one of leaders of the insurance market in Azerbaijan. In 2009 in line with policy accepted by founders of Insurance Company Ateshgah OJSC and Ateshgah Life Insurance Company, these companies merged and established the Group of Companies. In this Group Insurance Company Ateshgah OJSC is engaged in Proprietary Insurance and Ateshgah Life is engaged in Life Insurance. Ateshgah Life Insurance Company is the first Insurance Company specialized in Life insurance. Insurance Company Ateshgah OJSC pays more attention to voluntary insurance of car, insurance of fire risks and other risks, cargo insurance, responsibility insurance and other kinds of proprietary insurance. The medical insurance and personal accident insurance become an important direction of the company's activities. At the same time Insurance company Ateshgah OJSC provides services meeting world standards of insurance of energy risks related to exploration and development of onshore and offshore oil and gas operations.

Headquarters
75B, N.Yusifbayli St
Baku; Absheron;

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Website: http://www.ateshgah.com

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
1996
Key Executives
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Chief Executive Officer
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Vice Chief Executive Officer
Ownership Details
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63%
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27%
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10%
Company Performance
Financial values in the chart are available after Ateshgah Insurance Company Jsc report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency AZN. Absolute financial data is included in the purchased report.
Net insurance premium revenue
60.9%
Operating profit (EBIT)
1447.21%
Net Profit (Loss) for the Period
N/A
Total assets
22.38%
Investments
108.58%
Receivables
14.31%
Total equity
1.8%
Net Premiums Earned Trend
42.22%
Net Profit Trend
73.57%
Return on Equity (ROE)
N/A
Loss Ratio
17.38%
Underwriting Expenses Ratio
-5.01%

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