bs-preloader__icon
ru kz en

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.

Share
read also
Who buys life insurance policies more often, men or women?
Who buys life insurance policies more often, men or women?

Women buy life insurance policies more often than men: they account for slightly more...

AM Best Report: Improving the Operating Environment for Kazakhstani Insurers
AM Best Report: Improving the Operating Environment for Kazakhstani Insurers

The AM Best rating agency forecasts in the long term an operational environment impro...

What changes may occur in the insurance market of Kazakhstan
What changes may occur in the insurance market of Kazakhstan

Insurers discuss a new roadmap for the industry development, kursiv.kz reports....

The most interesting materials of the site you have in the mail! Subscribe to the newsletter.

ASK A QUESTION TO THE EXPERT
ASK A QUESTION TO THE EXPERT
Submit your application