The first quarter of 2026 marked a period of stability, new strategic challenges and strengthened market confidence for NAIRI INSURANCE. Remaining committed to the principles and long-term vision already established, the Company continues to move forward in step with modern market demands, confidently maintaining a stable financial position in the sector. The analysis of the reporting quarter highlighted the following key indicators and developments:• In the first quarter of 2025-2026, the insurance market recorded portfolio growth of 3%, or AMD 539 million, in collected insurance premiums. During the same period, NAIRI INSURANCE recorded portfolio growth of 9%, or AMD 355 million.• The leading positions in the Company’s portfolio continue to be occupied by MTPL (45%) and health insurance (32%) products. • While the insurance market registered an approximately 16% decline in collected insurance premiums for health insurance in the first quarters of 2025-2026, the Company recorded portfolio growth of 3.5%, or AMD 41.9 million. The Company’s performance once again demonstrated the trust placed in its professional team, as NAIRI INSURANCE achieved portfolio growth despite the overall market decline. • Despite the geopolitical situation in the region, the Company further strengthened its leading position in cargo insurance, recording portfolio growth of 12.1%, or AMD 18.8 million, in collected insurance premiums. • As a result of newly implemented strategic solutions, the travel assistance insurance segment recorded portfolio growth of 23.2%, or AMD 16.8 million, in collected insurance premiums. • The Company remains committed to its customer-oriented policy, as reflected in its leading position in the insurance market in terms of active MTPL portfolio, collected insurance premiums and market compensation volumes, accounting for an 18% market share. • Emphasizing the importance of portfolio diversification, the Company continues to maintain a balanced ratio between voluntary and mandatory insurance products, with voluntary insurance classes accounting for 55% and mandatory insurance classes for 45% of the portfolio. • Steady development also contributed to the growth of the Company’s assets, which increased by 9%, or more than AMD 1 billion. • During the reporting period, the insurance market recorded a 12%, or AMD 3.77 billion, increase in total capital. NAIRI INSURANCE was among the market leaders in terms of capital growth, recording an increase of 16%, or more than AMD 819 million.• The sector’s net profit increased by approximately 44%, or AMD 625 million, compared to the same period of the previous year. NAIRI INSURANCE’s efficiently structured operational strategy was reflected not only in portfolio expansion, but also in profitability indicators, with the Company recording net profit growth of approximately 89% year-on-year. According to this indicator, the Company ranks second in the insurance market, accounting for 24% of the sector’s total net profit.• The analysis of liabilities and their comparison with capital and asset growth indicate that the Company continues to strengthen the mechanisms ensuring financial stability. In the first quarter of 2026, against a 16% increase in total capital and a 9% increase in assets, liabilities increased by only 4%. • NAIRI INSURANCE continues to expand the range of its insurance products, as demonstrated by its participation in the agricultural insurance co-insurance program and the launch of an exclusive health insurance program developed in partnership with AXA Health International, one of the world’s leading insurance companies. For the first time in Armenia, the Global Health Insurance program provides access to a broad range of medical services – from preventive medical examinations to oncology treatment – at leading medical centers in 50+ countries worldwide. NAIRI INSURANCE continues to: Set new benchmarks aligned with modern demands and technological innovation, Maintain and further develop sustainable portfolio growth driven by customer trust, Stand out in the market by increasing financial efficiency, Gradually expand the structure of its insurance portfolio. Identify target customer groups accurately and effectively manage assumed risks, Maintain and improve profitability indicators, Build strategic development plans based on financial stability and confidence. Tweet Views 3719