Baltic, Financial Services, Insurance
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If earns EUR 17.4 mln in Baltics in January-September
BC, Riga, 06.11.2014.
Print version
Print versionEstonia-registered insurance company If P&C Insurance and its subsidiaries in Latvia and Lithuania, earned EUR 17.4 million in January-September 2014, informs LETA.
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In January-September 2013, If P&C Insurance earned EUR 10.8 million.
The amount of gross premiums written in January-September 2014 amounted to EUR 93.8 million, as compared to the respective period of 2013.
The amount of gross premiums written by If P&C Insurance subsidiary in Latvia (If Apdrosinasana) amounted to EUR 22.2 million, as compared to EUR 20.5 million in January-September 2013.
The company's combined index in the Baltics was 81.7% (previously – 87.7%). The company's loss index was 55.4% (previously – 59.9%), cost index – 26.4% (previously – 27.9%).
If has more than 340,000 clients in the Baltic States. The company fully belongs to If P&C Insurance Holding Ltd, a subsidiary of Sampo Plc.
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