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The State Annuity Company paid up dividends

The life insurance company State Annuity Company has summed up its financial results as of 2021 and published its audited consolidated financial statements for the past year, the organization’s press service reports.
The State Annuity Company paid up dividends
The State Annuity Company paid up dividends

The company’s sole shareholder decided to pay 70% of dividends (907.2 million tenge) to the national budget.

Starting from the company's launch date, the total amount of dividends paid is currently 4.8 billion tenge. The total capitalization is equal to 3.06 billion tenge. The company's current assets are 37 billion tenge.

Thus, it can be stated that the company has fully returned the funds invested in it by the state in the form of dividends, despite the fact that the amount of invested funds during the operation of JSC LIC SAC has increased by more than 10 times.

JSC LIC State Annuity Company has been operating in the insurance market since 2005. Its sole shareholder is the Government of the Republic of Kazakhstan represented by the Ministry of Labor and Social Protection of the Population of the Republic of Kazakhstan.

Photos are from open sources.

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