Financial Services, Insurance, Latvia

International Internet Magazine. Baltic States news & analytics Thursday, 28.03.2024, 16:52

BTA in Latvia racks up EUR 178.5 mln in gross premiums in 2014

BC, Riga, 27.02.2015.Print version
In 2014, BTA Insurance Company (BTA) collected EUR 178.5 million in gross premiums, which is EUR 18.5 million or 11.6% more than in 2013, according to BTA's unaudited financial statement, cites LETA.

The amount of insurance indemnities increased in 2014 as well. BTA paid EUR 88.4 million in gross insurance claims in 2014, which is EUR 10.6 million or 13.6% more than in 2013.

 

BTA Group profit in 2014 reached EUR 5.7 million, according to the company's press release.

 

The increase in the amount of gross premiums in 2014 was registered for almost all insurance types. In total, the largest increase in the amount of BTA's gross premiums in 2014, as compared to 2013, was registered for property insurance (EUR 37.5 million – 67.3% more than in 2013), general civil liability insurance (EUR 8.1 million – 28.9% up), and guarantee insurance (EUR 5.3 million – 20.6% more).






Search site