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LIC Halyk-Life becomes the most profitable insurance company in the country

For the first time in the Kazakhstani insurance sector, LIC Halyk-Life topped the list of insurance companies in terms of net profit and received the status of “the most profitable insurance company,” having had earned 52.4 billion tenge as of January 1 of this year. This was reported by the press service of the organization.
LIC Halyk-Life becomes the most profitable insurance company in the country

According to official data by the National Bank of the Republic of Kazakhstan, the company is leading in the life insurance industry in terms of all financial indicators at the end of 2023. Over the past year the assets have grown by 29% and amounted to 365.2 billion tenge. Equity capital increased by 72% and formed 96.9 billion tenge.

According to last year results, more than 1.3 million clients trusted LIC Halyk-Life with insurance coverage. The insurance premiums formed 165.5 billion tenge. The company made insurance payouts to its clients in the amount of 26.3 billion tenge or 38% of all payments made by life insurance companies in 2023.

Photos are from open sources.

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