LEKS KINDLUSTUSE AS

ANNOUNCEMENT

14.01.98

 

 

FINANCIAL RESULTS OF SUBSIDIARY  

 

The subsidiary of Leks Kindlustus in Latvia, Saules Laiks (Leks 

Kindlustus owns 78.1% of its shares) collected the insurance premiums 

in the amount of 1.36 million LVL during the year 1998, of which 

102.8 thousand LVL was collected in December.

In December, the insurance company paid claims in the amount of 79.9 

thousand LVL.

 

INSURANCE PREMIUMS COLLECTED

(thousand LVL)

                    1998.              1997.         Change (%)

                    December 	       December

 

GROSS PREMIUMS      102.8               74.2            39

CLAIMS PAID	     79.9               28.4           181

 

Compared with the year 1997, the insurance premiums collected by Saules 

Laiks have increased by 9%. The insurance company has paid the claims 

during 1998 in the amount of 615 thousand LVL, which is approximately 

one-third more than during the last year. 

 

INSURANCE PREMIUMS COLLECTED

(thousand LVL)

  		  1998           1997        Change (%)

                  12 months      12 months

 

GROSS PREMIUMS 	  1366           1250            9

CLAIMS PAID	   615            465           32

 

The greatest share among the insurance premiums collected by Saules 

Laiks last year was contributed by the voluntary vehicle insurance (844 

thousand LVL) and the motor TPL insurance(355 thousand LVL).

 

 

Additional information,

 

Rivo Saarna

PR Manager

+372 6 267 281, +372 50 65 768