LEKS KINDLUSTUS

ANNOUNCEMENT

 

COMMENTARY TO THE FINANCIAL RESULTS 

DECEMBER 1999 AND 12 MONTHS 1999

 

In 1999 Leks Kindlustus collected insurance premiums for total of 

211.4 million EEK (11% increase from 1998), incl. 18.8 million EEK 

in December (28% increase from Dec. 1998).

 

Leks Kindlustus paid claims in 1999 in total amount of 106.1 

million EEK (6.1% decline compared to the respective result in 

1998), incl. 8.8 million EEK in December.

 

Premiums collected by Leks Kindlustuse AS in twelve (12) months of 

1999, in million EEK

 

			1999  	        1998 		change (%)

			12 months	12 months

 

Gross premiums		211.4		190.8		+10.8

Claims paid		106.1 		112.9		-6.1

 

Premiums collected by Leks Kindlustuse AS in December, in million 

EEK 

 

			Dec 1999  	Dec 1998 	change (%)

 

Gross premiums		18.8		14.8	        +27.5

Claims paid		8.8	 	9.1	    	-2.8

 

Structure of premiums collected by Leks Kindlustus in 1999: motor 

TPL insurance premiums 85.4 million EEK, corporate property 

insurance 18 million EEK, corporate kasko insurance 54.5 million 

EEK, private kasko insurance 16.3 million EEK and private property 

insurance 14.8 million EEK.

 

Premiums by lines of insurance, in million EEK

 

				1999	 	1998

			        12 months	12 months

 

Corporate property insurance	18.0		17.0

Motor TPL insurance		85.4		64.4

Private property insurance	14.8		12.1

Corporate kasko insurance	54.5		57.5

Private kasko insurance		16.3		14.3

 

Service fees from motor TPL insurance contracts in twelve months 

amounted to 7.4 million EEK.

 

 

Pille Eikner

Public Relations Manager

+372 66 58 200