ASA KINDLUSTUSE AS

ANNOUNCEMENT

16.02.99

 

 

COMMENTARY TO THE ASA KINDLUSTUS AS FINANCIAL RESULTS OF 01/99

 

The volume of the insurance premiums collected by ASA Kindlustus 

AS during January was 12.92 million EEK, which is 1% higher than 

the respective figure of January 1998 and 36% higher than in 

December 1998 (9.485 million EEK). The claims paid totaled 4,486 

million EEK in January.

 

The volumes of the premiums collected and claims paid by lines 

of insurance are presented in the following table:

 

Million EEK

Premiums received             	 1999,     1998,     Jan 1999/

                             	January   January    Jan 1998

 

Motor TPL insurance	         8,659     7,831       106%

Property insurance (private)   	 0,470     0,728        65%

Property insurance (corporate) 	 0,395     2,400        16%

Accident insurance	         1,307         -           

Other                            2,091     1,842       135%

Total	                        12,922    12,801       101%

 

Million EEK

Claims  (claims paid plus        	 1999 		 1998

claim handling expenses           	January   	January

minus salvage)

 

Motor TPL insurance 	                 2,974  	 2,500

Property insurance (private)	         0,133 	  	 0,232

Property insurance (corporate) 	         0,199    	 0,261

Accident insurance 	                 0,154        	   -

Other 	                                 1,026    	 0,310

Total                  	                 4,486    	 3,303

 

 

Nadja Tarmak

AB Kindlustuse Grupp

Manager of the Financial Division

Tel. +372 6 440 542