Insurer finds itself in difficult position amid a 7.5% drop in net profit

12:43 - 27.10.2026


October 27, Fineko/abc.az. Meqa Sığorta completed Jan–Sept 2026 with net profit of 2.78 million manats.

Compared with Jan-Sept 2025, this figure declined by 7.5%, or 226,490 manats.

Company's overall earnings grew by 8.4% up to 28.1 million manats and expenses by 12.2% up to 24.88 million manats.

At that, company's investment income increased by 48% up to 3.06 million manats.

Earlier, amid a sharp rise on unprofitability in the compulsory motor liability insurance market, companies Azsığorta (in 2022) and Bakı Sığorta (in 2024) announced their withdrawal from this segment.