Reporting period: As of September 30, 2026.
PAŞA Həyat Sığorta held AZN 769.5 million in assets, followed by PAŞA Sığorta with AZN 539.9 million.
A summary published by local media on November 5 places reinsurer AzRe third, with AZN 238.8 million in assets.
The 15 companies held a combined AZN 2,255.7 million in assets at the end of September. The leading three account for 68.6% of this amount, according to FinFly calculations.
| Rank | Company | Assets, AZN million |
|---|---|---|
| 1 | PAŞA Həyat Sığorta | 769.5 |
| 2 | PAŞA Sığorta | 539.9 |
| 3 | AzRe Təkrarsığorta | 238.8 |
| 4 | Atəşgah Həyat | 128.7 |
| 5 | Qala Sığorta | 97.0 |
| 6 | Xalq Sığorta | 95.5 |
| 7 | Atəşgah Sığorta | 80.7 |
| 8 | Meqa Sığorta | 60.4 |
| 9 | Qala Həyat | 56.4 |
| 10 | Meqa Həyat | 45.9 |
| 11 | Azərbaycan Sənaye Sığorta | 32.9 |
| 12 | Xalq Həyat | 31.1 |
| 13 | AzSığorta | 29.8 |
| 14 | A-Qroup | 25.6 |
| 15 | İpək Yolu Sığorta | 23.5 |
Period and methodology
The table covers 14 insurers and the reinsurer AzRe Təkrarsığorta. Aqrar Sığorta is absent. These figures therefore do not represent the entire insurance market. Life insurance, non-life insurance and reinsurance are different business models. Values retain the source’s precision of AZN 0.1 million. Assets are not unrestricted cash: some support insurance obligations.
