Reporting period: January-September 2026.
PAŞA Həyat Sığorta earned AZN 41.147 million in net profit. AzRe Təkrarsığorta and PAŞA Sığorta complete the top three.
According to local media, AzRe earned AZN 25.760 million in net profit, while PAŞA Sığorta earned AZN 21.883 million.
FinFly calculations put the combined net profit of the 15 companies at AZN 133.037 million. The top three account for 66.7% of that amount.
| Rank | Company | Net profit, AZN million |
|---|---|---|
| 1 | PAŞA Həyat Sığorta | 41.147 |
| 2 | AzRe Təkrarsığorta | 25.760 |
| 3 | PAŞA Sığorta | 21.883 |
| 4 | Atəşgah Həyat | 12.911 |
| 5 | Qala Həyat | 7.880 |
| 6 | Xalq Sığorta | 5.740 |
| 7 | Qala Sığorta | 5.054 |
| 8 | Meqa Həyat | 3.409 |
| 9 | Meqa Sığorta | 2.778 |
| 10 | Xalq Həyat | 2.145 |
| 11 | A-Qroup | 1.269 |
| 12 | Atəşgah Sığorta | 1.089 |
| 13 | Azərbaycan Sənaye Sığorta | 0.769 |
| 14 | İpək Yolu Sığorta | 0.743 |
| 15 | AzSığorta | 0.458 |
Period and methodology
The published summary covers 14 insurers and the reinsurer AzRe Təkrarsığorta. Aqrar Sığorta is absent, so the total applies to these participants rather than the entire insurance market. Life insurance, non-life insurance and reinsurance have different business models. Profit is after tax and cumulative from the start of the year; premiums and investment income are different measures.
