Ranking of insurance companies in Azerbaijan by insurance payments (January-September, 2025)

Finance
  • 27 October, 2025
  • 12:56
Ranking of insurance companies in Azerbaijan by insurance payments (January-September, 2025)

Report presents a ranking of insurance companies operating in the country by the amount of insurance payments made in January-September 2025, citing the Central Bank of Azerbaijan (CBA):

Insurance companies

Insurance payments

(million manats)

Annual dynamics

1

PASHA Life Insurance

427.062

34.7%

2

PASHA Insurance

102.969

-0.3%

3

Ateshgah Life Insurance

47.513

28.8%

4

Ateshgah Insurance

29.471

69.4%

5

Gala Insurance

19.401

70.6%

6

Mega Insurance

11.836

12.8%

7

Azerbaijan Industry Insurance

9.011

25.2%

8

A-Group Insurance

8.250

-15.4%

9

Xalq Insurance

7.639

-1.6%

10

Agro Insurance

4.969

31.8%

11

Atainsurance

4.103

32.4%

12

Xalq Life Insurance

4.078

-15.9%

13

Mega Life Insurance

3.850

448.0%

14

Gala Life Insurance

2.161

-39.2%

15

Azinsurance

1.364

18.0%

16

Silkway Insurance

0.220

-10.9%

Total

683.896

23.5%

1 manat = $59 according to CBA rates (as of October 27, 2025)

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