Ranking of insurance companies in Azerbaijan by revenue (2025)

Finance
  • 10 April, 2026
  • 17:47
Ranking of insurance companies in Azerbaijan by revenue (2025)

Report News Agency presents the ranking of insurance companies operating in Azerbaijan by the amount of their revenues last year:

№

Insurance companies

Revenues

(million manats)

YoY c hange

1

PASHA Life Insurance

696.073

20.3%

2

PASHA Insurance

348.451

0.4%

3

Ateshgah Life Insurance

96.861

24.9%

4

Gala Insurance

84.617

8.3%

5

Ateshgah Insurance

71.909

3.2%

6

Mega Insurance

35.968

-1.3%

7

Xalq Insurance

32.501

8.7%

8

Azerbaijan Industry Insurance

29.287

9.1%

9

Gala Life Insurance

29.138

5.3%

10

Agro Insurance

22.298

75.2%

11

A-Group Insurance

22.085

1.9%

12

Mega Life Insurance

17.291

111.0%

13

Xalq Life Insurance

13.378

2.1%

14

Azinsurance

13.313

2.1%

15

Silkway Insurance

7.412

-19.5%

16

Atainsurance *

-

-

Cəmi

1,520.582

12.6%

* This company's license has been restricted; it is preparing to exit the market.

1 manat=$0.59 according to the exchange rates by the Central Bank of Azerbaijan (as of April 10)

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