Uzbekistan preparing to privatize insurer Xalq Sugurta

BAKU. Oct 21 (Interfax) - The Uzbek state's stake in the Uzbek insurance company Xalq Sugurta has been transferred to the Uzbek State Assets Management Agency for subsequent privatization, according to data from the Unified Portal of Corporate Information.

According to the portal, 80 million shares of the insurance company with a nominal value of 1,000 sum per security were transferred to the agency. The total nominal value of the stake is 80 billion sum ($6.7 million at the current exchange rate).

As reported earlier, the insurance company is included in the list of assets subject to privatization (a decree of the Uzbek president dated August 28, 2026). According to the document, state stakes and shares in 62 enterprises, including Xalq Sugurta, will be put up for public auction in 2026-2027.

As of July 1, 2026, the assets of Xalq Sugurta amounted to 278.54 billion sum. The company received income of 30.12 billion sum in January-June, including 15.42 billion sum of net profit.

Xalq Sugurta was registered in May 2011. The company, with charter capital of 80 billion sum, is engaged in insurance other than life insurance. All shares of the insurance company belonged to the state-owned People's Bank of Uzbekistan.

The official exchange rate on October 21 is 12,012 sum/$1.