Financial Services, Insurance, Latvia
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Friday, 26.04.2024, 22:12
Insurance sector's profit in Latvia reduced to EUR 4.3 mln in H1
BC, Riga, 20.08.2015.
Print version
Print versionThe 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.
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Non-life insurance companies' profit totaled EUR 4.4 million in the first half of the year, whereas life insurers posted EUR 0.1 million in losses, according to the Financial and Capital Market Commission's data.
Insurers (insurance companies and foreign insurance companies' branches in Latvia) racked up EUR 274 million in premiums in the first half of the year, which is 6.3% more than in the same period last year.
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