LEKS KINDLUSTUSE AS

COMMENTARY TO FINANCIAL RESULTS

03.09.1999

 

H1 FINANCIAL RESULTS OF LEKS KINDLUSTUSE AS

 

Yesterday the Supervisory Board of Leks Kindlustuse AS adopted the 

company's H1 1999 financial results.

 

In H1 Leks Kindlustuse AS posted 3.2 million EEK loss and 3.1 million 

EEK insurance-technical loss. The company's results for H1 improved mainly 

due to profit earned in Q2. 

 

Compared to the last year's respective results, the company's performance 

has enhanced significantly due to excellent risk management, decreased expenses 

and improved claims and cost ratios.

 

As of 30.06.1999, the balance sheet size of Leks Kindlustus group amounted to 

136.1 million EEK. In H1 Leks Kindlustus collected 102.4 million EEK in gross 

premiums (last year's respective figure 71.7 million EEK).

 

 

Pille Eikner

Public Relations Manager

+372 66 58 200