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The insurance sector of Kazakhstan doubled its total retained earnings

The total income of Kazakhstani insurance companies in January-February this year reached 158.5 billion tenge, 42.9% more compared to the same period last year and almost 10 times higher than the figure recorded 10 years ago, RANKING.KZ reports.
The insurance sector of Kazakhstan doubled its total retained earnings

The expenses, in turn, increased by 31.6% over the year and in January-February 2022 amounted to an impressive 117.2 billion tenge.

Retained earnings of insurance companies in January-February 2022 have reached 39.1 billion tenge, which is 2 times more than in the same period of 2021. The Kazakhstani insurance sector has been showing profit for the fifth year in a row in the corresponding period. However, only 23 Kazakhstani insurance companies out of 27 showed retained earnings in January-February 2022.

Source: http://www.ranking.kz/ru/a/infopovody/strahovoj-sektor-rk-narastil-sovokupnuyu-neraspredelyonnuyu-pribyl-srazu-vdvoe-za-god

Photos are from open sources.

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