Equity Capital Of 11 Insurance Companies In Armenia Up 18% For The F

EQUITY CAPITAL OF 11 INSURANCE COMPANIES IN ARMENIA UP 18% FOR THE
FIRST HALF OF 2009 TO $24.5 MILLION

ArmInfo 2009-08-12 17:16:00

ArmInfo. Summary equity capital of 11 insurance companies in Armenia
totaled
8.9 billion drams ($24.5 million) as of July 1 2009, which was 234% higher
than a year ago. The indicator grew 18% over the first half of 2009. The
share of authorized capital was 83% or 7.3 billion drams ($20.4 million).

Ranking of Armenian Insurance Companies prepared by the Agency of Rating
Marketing Information (ArmInfo) says the equity capital of Rosgosstrakh
-Armenia and INGO-Armenia exceeded 1 billion drams. ASG Company ensured the
lowest equity capital of 0.5 billion drams. Summary current liabilities of
11 insurance companies totaled 4.6 billion drams as of July 1 2009 growing
2% per year and 17% over the first half of 2009. The share of current
payables in the current liabilities totaled 45.4% or 2.1 billion drams
falling 5% per year and growing 13% over the first half. The share of
insurance reserves in current liabilities totaled 51% or 2.3 billion drams
($6.5 million) growing 10% per year and 7% over the first half. Leaders by
insurance reserves are Nairi Insurance (0.5 billion drams or $1/3 million)
and INGO Armenia (0.4 billion drams or $1.2 million).