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Net profit of Kazakhstani insurance companies increased by 80%

The corporate income tax of the country's insurance companies for the 1st HY 2020 amounted to 5.4 billion tenge. Net profit after paying fees to the budget increased immediately by 80% up to 65.3 billion tenge, Ranking.kz writes.
Net profit of Kazakhstani insurance companies increased by 80%

The total retained earnings of insurance companies in January-June 2020 amount to 66.1 billion tenge having increased by 85.8% over the year. For comparison: last year, the retained income showed a decrease of 20.1% to 35.6 billion tenge.

The top 10 insurance companies make 82.7% of the total retained earnings for the 1st HY 2020.

The Eurasia insurance company is leading, making almost 41% of the total insurance market, 27 billion tenge, which is almost 2 times more than in the same period last year. IC Victoria (6 billion tenge), LIC Halyk-Life (5 billion tenge) are following up. Nomad Life is in the fourth place (4 billion tenge) and IC Halyk (3.1 billion tenge) closes the top five.

Source: http://www.ranking.kz/ru/a/infopovody/chistaya-pribyl-strahovyh-kompanij-vyrosla-srazu-na-80-i-sostavila-bolee-65-milliardov-tenge-za-polugodie

Photos are from open sources.

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