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International Internet Magazine. Baltic States news & analytics Thursday, 30.05.2024, 21:45

Latvian insurance companies' profit in 9 months made EUR 23.109 mln

BC, Riga, 16.12.2020.Print version
Latvian insurance companies posted EUR 23.109 million in profit in January-September this year, an increase of 28.7% on the first nine months of 2019, informs LETA, according to the Financial and Capital Market Commission's data.

Risk insurance companies achieved EUR 24.931 million in profit in January-September, an increase of 49.8% on the first nine months of 2019, while life insurers operated with a loss of EUR 1.823 million as compared to a profit in the same period last year.

In January-September 2019, Latvian insurance companies' profit amounted to EUR 17.958 million - non-life insurance companies' profit stood at EUR 16.647 million and life insurers' profit at EUR 1.311 million.

At the end of June 2020, there were four non-life insurance companies operating in Latvia - Balta, Baltijas Apdrosinasanas Nams, Balcia Insurance SE, and BTA Baltic Insurance Company, as well as two life insurance companies - SEB Life And Pension Baltic SE and CBL Life. In addition, there are seven foreign non-life insurance companies' branches and four foreign life insurance companies' branches operating in Latvia.

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