International Internet Magazine. Baltic States news & analytics
Wednesday, 22.05.2013, 10:33
According to an IFRS-based assessment, ERGO Insurance Group earned EUR 228,000 (LVL 160,200) in profit in the Baltic States in the first quarter of 2013, a 37.5% increase on the corresponding period in 2012, writes LETA.
Keyword tags: Baltic, Financial Services, Insurance
Insurance company Gjensidige Baltic, a subsidiary of Norway's Gjensidige Forsikring, achieved LVL 686,000 in profit in the first quarter of 2013, a threefold increase on the first quarter of 2012, when the company earned LVL 227,000 in profit, LETA/Nozare.lv was informed by the company.
According to SEB Life Insurance damage statistics, one of the most common accidents that puts a person on sick leave for three months is a fall resulting in a leg fracture in Estonia, SEB said in a statement. Staying on sick leave for longer can create a financial gap of more than 30% in monthly income that most families cannot cover with savings, writes LETA.
Insurance company If P&C Insurance (If) branches in Estonia, Latvia and Lithuania earned EUR 1.4 million (LVL 0.98 million) in consolidated profit in the first quarter of 2013, LETA/Nozare.lv was informed by the company.
The Estonian Unemployment Insurance Fund (UIF) paid 36.7 mln euros of unemployment insurance compensations in 2012 while collecting 137.1 million euros from insurance payments of employees, LETA/Äripäev.ee reports.
Setting ceiling to the contributions to the State Social Insurance Fund Board (SoDra), merging compulsory health insurance with the personal income tax, changes in the tax free threshold (NPD) so that taxes for people with lower income would decrease – this is what the working group, responsible for a tax reform, and formed by the Government suggests, Prime Minister Algirdas Butkevicius' advisor Stasys Jakeliunas said, reports LETA/ELTA.
Estonian Health Insurance Fund (HIF) approved on Friday of the fund's 2012 annual reports, according to which the fund's revenues were 783,131 million euros in 2012, increasing by nearly 7% as compared to 2011, LETA/Äripäev.ee reports.