JSC  "Balta"  has  signed 1998 audit and audited profit for the 1998 is

LVL 663

thousands  (before  tax).  On  the December 31,1998 JSC "Balta" has LVL

15,1  million  written in gross premiums; this is 13 % increase compare

to the previous year.

According  to the audited results JSC "Balta" capital and reserves were

LVL 5,3

million   and   technical  reserves  LVL  8  million.  Total  insurance

compensations  paid out during 1998 are LVL 5 million. JSC "Balta" 1998

audit     was     performed     by    international    audit    company

"PricewaterhouseCoopers".