ASA KINDLUSTUS

ANNOUNCEMENT

16.11.98

 

 

ASA KINDLUSTUS results 10/98

 

The volume of the insurance premiums of ASA Kindlustus AS in October 

was 10,296 million EEK. In 10 months, ASA has collected premiums in 

the amount of 104,6 million EEK, which is 12.2% less than during the 

same period last year.

October 1998 was a relatively successful month: compared with September, 

18.5% more premiums were collected, and also the amount of policies increased.

The numbers for October were higher than the average October results

(the average monthly premium volume in the first quarter was 10,4 million,

second - 10,58 million, third 10,27 million EEK).

Claims amounted 5.0 million EEK in October.

 

The volumes of the premiums by line of insurance are

presented in the following table:

 

in million EEK

Premiums received                      1998,        1997,     1998,     1997,          Change

                                      January-     January-  October  October      Jan-Oct.98/

                                      October      October                         Jan.Oct.97

Motor TPL insurance                   60,953       73,209     5,500      6,66            -17%

Property insurance (private)           7,914        5,823     0,827     0,749          +35.9%

Property insurance (corporate)        28,361       29,355     3,089     2,972           -3,4%

Accident insurance                     4,104        3,127     0,393     0,235            +31%

Other                                  3,246        7,531     0,487     1,161            -56%

                   Total             104,578      119,045    10,296    11,787          -12,2%

 

in million EEK

Claims  (claims paid plus claim         1998,        1997,       1998,      1997,

handling expenses minus               January-     January     October    October

salvage)                              October      October

Motor TPL insurance                   26,725       36,373       2,119      5,399

Property insurance (private)           4,638        3,062       0,453      0,679

Property insurance (corporate)        14,600       11,158       2,402      1,696

Accident insurance                     0,832        0,625       0,171      0,024

Other                                  2,526        1,650      -0,140       +575

                  Total               49,321       52,868       5,005      7,223

 

 

Nadja Tarmak

AB Kindlustuse Grupp

Manager of Financial Division

Tel. +372 6 440 542