International Internet Magazine. Baltic States news & analytics
Thursday, 03.09.2015, 09:49
The number of life insurance contracts concluded in Estonia in the first half of this year increased by 8% as compared to the same period of 2014, LETA/Delfi Ärileht reports.
Keyword tags: Estonia, Financial Services, Insurance
The insurance company Balta posted EUR 542,000 in profit in the first six months of 2015, LETA learned from the company.
At end-2014, financial and insurance enterprises accumulated EUR 41 361.4 mln of assets in Lithuania25.08.2015
Statistics Lithuania informs that an annual publication Statistics of Financial Enterprises 2014 has been released.
At end-2014, the assets accumulated by financial and insurance enterprises in Lithuania amounted to EUR 41.4 bln21.08.2015
At the end of 2014, the assets accumulated by financial and insurance enterprises in Lithuania (except for individual enterprises) amounted to EUR 41.4 billion, or by 10.1% more than at the end of 2013. Over the year, the assets of commercial banks increased by EUR 1.2 billion, or 5%, and accounted for the largest proportion of the assets of all financial enterprises – 59.3%.
The insurance sector in Latvia earned almost EUR 4.3 million in profit in the first six months of 2015, which though is 49.5% less than in January-June 2014 when insurers' profit amounted to EUR 8.6 million, informs LETA.
In the first seven months of 2015 year-on-year, the deficit of the State Social Insurance Fund (Sodra) budget in Lithuania was by around 30% lower, reports LETA/ELTA.
In the first half of 2015 year-on-year, Lithuania's insurance market has grown by 6.4% based on written premiums and reached a record volume of EUR 312.3 million, reports LETA/ELTA.