In 2025, EFES Insurance CJSC continued to demonstrate stable and consistent growth, placing particular emphasis on the development of digital tools and the introduction of new solutions for individuals and families.


Key Financial Indicators

•    In 2025, the Company’s gross written premiums increased by 13% YoY to AMD 13.3 billion.
•    The premium portfolio was primarily driven by property insurance (over AMD 4.2 billion), health insurance (AMD 4.9 billion), and voluntary motor insurance (CASCO) totaling AMD 2.2 billion. CASCO premiums represent the highest volume recorded by a single insurer in the Armenian market.
•    The Company maintained its leading position in the voluntary insurance market with a 30.4% market share. In the total insurance market, it ranked third by written premiums, with a 16.1% share. The Company does not participate in state-mandated insurance programs, including MTPL and mandatory health insurance for social package beneficiaries.
•    Total assets increased by 30.1% YoY to AMD 11.5 billion.
•    Net investment income reached AMD 397.4 million, with an investment portfolio yield of 12.6%.
•    The capital adequacy ratio stood at 1.75, remaining within regulatory and prudential thresholds.



“2025 was a year of continuous growth and customer-centric innovation for us. By year-end, Intelligent Management Holding issued bonds with a nominal value of AMD 1 billion and USD 2.5 million, which were fully placed within just four days, with approximately 90% acquired by individual investors. This reflects the high level of trust in the Company. During the year, we launched EFES Travel Georgia, a travel insurance product for trips to Georgia, and introduced buyer’s payment insurance to safeguard our customers’ investments in real estate transactions.

We also continued to expand our digital capabilities, introducing new features in our mobile application, including card linking and automated payments, a digital wallet card, and in-app ordering of Roadcare Assistance services. Our goal remains to deliver simple, accessible, and reliable insurance solutions for everyone,” noted Arevshat Meliksetyan, CEO of EFES ICJSC.

Leading insurance segments in the market

EFES insurance company is one of Armenia’s leading voluntary insurance providers. Established in 2023, the Company brings a creative approach to the Armenian insurance market, offering digital solutions and high-quality services. EFES collected AMD 13.3 billion in insurance premiums in 2025. With a team of over 220 experienced professionals, it serves approximately 200,000 clients annually. The Company is actively expanding its international partnerships, ensuring modern and affordable insurance solutions for its customers. EFES' mission is: “to empower individuals and society to focus on the positive and creative aspects of life.”