AS HANSAPANK

ANNOUNCEMENT

09.02.99

 

 

EESTI KINDLUSTUS GROUP IN JANUARY

 

 

Eesti Kindlustus Group, without its daughter companies 

collected EEK 26.4 million of insurance premiums in January, 

exceeding previous year's same month's result by 2.3%.

Eesti Elukindlustus AS (Estonian Life-Insurance Ltd.) collected 

EEK 6.7 million of premiums in January, which is 0.6% more than 

a year ago.

The distribution of insurance premiums by categories was the 

following:

 

EEK in millions

                                        01/99    01/98

Life insurance                            6.7      6.6

Compulsory insurance                     11.4     11.3

Non-life insurance (private)              4.2      3.6

Non-life insurance (corporate)            3.4      3.3

Accident insurance                        0.7      1.1

Total premiums                           26.4     25.9

 

In January indemnities were paid in the total amount of EEK 

13.9 million, incl. life insurance EEK 2.6 million and non-life 

insurance EEK 11.4 million. 

The pay-out ratio by different product categories is the 

following(%):

 

                                        01/99    01/98

Life insurance                           38.8     24.0

Compulsory insurance                     57.2     41.6

Non-life insurance (private)             22.1     13.6

Non-life insurance (corporate)          112.6     35.2

Accident insurance                       13.0      9.7

Total premiums                           53.0     31.1

 

 

Additional information:

Rait Pallo

Financial analyst of Eesti Kindlustus

+372 6207 822

 

 

HANSABANK Ltd.

 

 

Mart Toevere

Economist

Tel. +372 6260 569