Reporting period: January-September 2026.
PAŞA Sığorta ranks second with AZN 308.931 million in premiums, followed by Atəşgah Həyat with AZN 83.579 million.
FinFly compiled the ranking from the Central Bank of Azerbaijan’s preliminary table for January-September 2026. It covers the 15 insurers in the regulator’s main list.
The regulator reports total premiums of AZN 1,248.485 million, including approximately AZN 2.191 thousand for an insurer with a revoked licence. That company is listed separately by the CBA and is excluded from the main ranking.
| Rank | Company | Insurance premiums, AZN million |
|---|---|---|
| 1 | PAŞA Həyat Sığorta | 568.351 |
| 2 | PAŞA Sığorta | 308.931 |
| 3 | Atəşgah Həyat | 83.579 |
| 4 | Atəşgah Sığorta | 69.156 |
| 5 | Qala Sığorta | 52.581 |
| 6 | Meqa Sığorta | 27.263 |
| 7 | Meqa Həyat | 22.760 |
| 8 | Xalq Sığorta | 22.101 |
| 9 | Aqrar Sığorta | 20.480 |
| 10 | Qala Həyat | 20.129 |
| 11 | Azərbaycan Sənaye Sığorta | 19.781 |
| 12 | A-Qroup | 11.176 |
| 13 | Xalq Həyat | 9.705 |
| 14 | İpək Yolu Sığorta | 6.608 |
| 15 | AzSığorta | 5.881 |
Period and methodology
The measure is insurance premiums for the first nine months. The CBA’s original unit is thousands of manats; the figures here are converted to millions. Premiums measure insurance business volume and are not profit. The table combines life and non-life insurers, whose results depend on their product mix.
