Ranking of insurance companies in Azerbaijan by premiums (January-September, 2025)

Finance
  • 27 October, 2025
  • 12:26
Ranking of insurance companies in Azerbaijan by premiums (January-September, 2025)

Report presents a ranking of insurance companies operating in Azerbaijan by the amount of insurance premiums collected in January-September 2025, citing the Central Bank of Azerbaijan (CBA):

Insurance companies

Insurance premiums (milion manats)

Annual dynamics

1

PASHA Life Insurance

530.839

14.8%

2

PASHA Insurance

272.931

10.4%

3

Ateshgah Life Insurance

81.124

26.9%

4

Gala Insurance

63.925

4.1%

5

Ateshgah Insurance

48.677

3.6%

6

Mega Insurance

25.693

-6.1%

7

Azerbaijan Industry Insurance

24.760

28.8%

8

Gala Life Insurance

22.742

20.0%

9

Xalq Insurance

20.538

23.0%

10

Agro Insurance

15.747

28.4%

11

Mega Life Insurance

12.340

77.8%

12

A-Group Insurance

11.159

4.9%

13

Xalq Life Insurance

8.393

4.0%

14

Atainsurance

7.541

-4.6%

15

Azinsurance

6.358

-10.1%

16

Silkway Insurance

4.488

-14.7%

Total

1,157.25

13.0%

1 manat = $59 according to CBA rates (as of October 27, 2025)

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