PASHA Life Insurance ends 2020 with profit 

PASHA Life Insurance OJSC ended 2020 with AZN 21.774 million in profit, down 32% from 2019, Report informs.

Compared to the previous year, incomes increased by 58.4% to AZN 312.035 million, expenditures went up 80.3% to AZN 282.555 million, profit tax dropped 6.3% to AZN 7.706 million.

As of January 1, 2021, the assets stood at AZN 396.256 million, showing a 1% decline in contrast to a year ago. Liabilities soared 0.2% to AZN 327.802 million, net worth fell by 6.1% to AZN 68.454 million.

PASHA Life Insurance, wholly owned by PASHA Holding LLC, was established in 2020. The registered capital makes up AZN 40.25 million.