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
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.