Nairi Insurance maintains absolute market leadership in the first half of 2026

According to the financial results for the first half of 2026, Nairi Insurance has maintained its position as the absolute market leader in terms of insurance premiums collected, with AMD 7.62 billion in premiums and an 18% market share.

While the insurance market grew by 1%, the Company recorded 6% growth, collecting approximately AMD 418 million more in insurance premiums compared to the same period last year.

Insurance companies are an important component of Armenia’s financial system. Their stability and development are not only indicators of the health of the insurance sector but also have a significant impact on the broader development of the economy. The results of the first half of 2026 demonstrate that the insurance market continues to expand and develop, while attracting growing interest from a broader range of consumers.

Changes in the insurance market

Changes, product restructuring, and the introduction and development of new products continue to shape the insurance market. The following key developments during the period under review can be highlighted:

•    The introduction of universal health insurance continues to affect the Health Insurance portfolio, which ranks second in the insurance market. Compared to the first half of 2025, the Health Insurance portfolio decreased by 35% by the end of the first half of 2026, while the share of insurance premiums collected in this segment declined from 31% to 20% of the total market.
•    At the same time, the insurance market is shifting toward the introduction and development of other insurance products. As a result, the market recorded a modest 1% increase in insurance premiums, or AMD 455 million, over the comparable period, partially offsetting the impact of the decline in the Health Insurance portfolio.

Nairi Insurance’s financial indicators for the first half of 2026

For Nairi Insurance, the first half of 2026 served as an assessment of the initial phase of its planned programs and an opportunity to evaluate the effectiveness of the work carried out. An analysis of the financial indicators and the key factors influencing them shows that, during the first half of 2026, the Company:
•    Continued to maintain a balanced product portfolio comprising both mandatory and voluntary insurance classes, with MTPL accounting for 48% and other classes for 52%.

•    As in 2025, continued to hold a leading position in the cargo insurance market during the first half of the current year, with a 31% market share and an insurance premium portfolio of AMD 280.7 million.

•    Recorded a 30% increase in the volume of collected insurance premiums in the travel insurance class, reaching AMD 160 million during the period under review.
•    Once again ranked first in the market in terms of collected insurance premiums in the MTPL segment, with a 19% market share.
•    The indicators of the MTPL portfolio demonstrate that the Company continues to pursue its traditional customer-oriented strategy, as evidenced by the stable number of MTPL contracts and compensation payments. Based on these indicators, the Company held an 18% share of the MTPL market in the first half of 2026.

•    The first half of 2026 saw a decline in the insurance market’s Health Insurance premium portfolio, which decreased by approximately 35% compared to the same period of the previous year. In the first half of 2025, Nairi Insurance held a 20% share of this market segment. Despite the overall market decline, the Company increased its share to 27% during the reporting period. Maintaining this indicator and strengthening its position in the market are a testament to the high quality of the Company’s services and the trust of its customers.

•    Profit is one of the key indicators of business success and an important factor in assessing the effectiveness of a company’s strategic direction. In the first half of 2026, the Armenian insurance market generated approximately AMD 3.35 billion in net profit, representing an increase of more than 71% compared to the previous comparable period. Nairi Insurance, in line with its established approach and strategic vision, recorded 288% growth, generating AMD 718.7 million in net profit.
•    In addition to expanding its insurance premium portfolio, the Company also strengthened its financial stability, as reflected in its capital and asset indicators. During the first half of 2026, both capital and assets increased by approximately 20%. The share of liabilities in total assets remained stable at 61%.

Summing up the indicators for the first half of 2026:

•    In line with changing market demands, Nairi continues to make insurance more accessible, simple, and effective for virtually all segments of society.
•    As a financial sector of the economy, the Company continues to increase both its capital and assets, further strengthening its already stable position in the insurance market.
•    Nairi continues not merely to “sell” a service, but to make a promise and uphold and strengthen the trust built over the years. This is evidenced by the continuous growth of its portfolio and its leading position in the market.
•    The Company builds its strategic plans based on the characteristics of its existing and projected portfolio, as well as market demand. At the same time, it takes balanced and confident steps to attract new target risks, expanding the scope and reach of its activities.
•    In a rapidly evolving modern world, where people are becoming increasingly aware of their rights and legal protections year after year, a company must be innovative, flexible, stable, and reliable to succeed in a competitive market. Nairi has succeeded in creating such an environment and, through the daily efforts and professionalism of its team, as well as years of experience, has built a stable and continuously expanding customer portfolio.