Baltic, Financial Services, Insurance

International Internet Magazine. Baltic States news & analytics Thursday, 28.03.2024, 23:55

If half-year profit in Baltics reduced by 13% in H1

BC, Riga, 12.08.2015.Print version
The insurance company If P&C Insurance AS in Estonia and its subsidiaries in Latvia and Lithuania earned EUR 9.3 million in the first half of the year 2015, which is 13% less than in the respective period last year, when the company's profit reached EUR 10.7 million, as the company informed LETA.

In the first six months of this year, the total amount of If gross premiums in the Baltic market reached EUR 68.8 million; in the respective period last year – EUR 64.8 million.

 

Meanwhile, the amount of the company's gross premiums in Latvia in the first six months reached EUR 16 million; in the respective period last year – EUR 16.1 million.

 

If P&C Insurance AS combined ratio in the Baltic States in the first half of this year was 85.5%, but previously – 83.9%. If P&C Insurance AS loss ratio in the first half of this year was 58.7%, up from 57.2% in the first half of 2014, and expenditure ratio – 26.8%, up from 26.6%.

 

If Group is part of Sampo Plc. Sampo Group's profit before taxes from April to June amounted to EUR 528 million; in the respective period last year – EUR 465 million.

 

If is an insurance company operating in the Baltic States that provides service to more than 330,000 clients.






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