LEKS KINDLUSTUSE AS

ANNOUNCEMENT 

30.08.1999

 

Q2 FINANCIAL RESULTS OF LEKS KINDLUSTUS

 

In Q2 1999, Leks Kindlustuse AS earned profit of 728 719 EEK and 

insurance-technical profit 1.3 million EEK, whereas the company’s 

net insurance-technical reserves increased by 8.2 million EEK, 

amounting to 92.1 million EEK.

Compared to the same period last year, the company’s results have 

improved significantly mainly due to excellent risk management, 

decreased expenses and improved claims and cost ratios. 

 

                                Q1 1999                 Q2 1999

Net claims ratio                77%                     61%

Net cost ratio                  36%                     33%

 

The Supervisory Board of Leks Kindlustus will approve the company’s 

H1 1999 financial results this week. The H1 financial results of Leks 

Kindlustus will be published after the Supervisory Board meeting 

(3.09.1999).

 

 

 

Pille Eikner

Public Relations Manager

+372 66 58 200