ASA KINDLUSTUS

ANNOUNCEMENT

16.06.99

 

RESULTS OF ASA KINDLUSTUS 05/99

 

The volume of the insurance premiums collected by ASA Kindlustus AS in 

May was 8.248 million EEK. In five months, ASA has collected premiums 

in total amount of 50.887 million EEK, which is 3.6% less than the 

respective figure of last year. 

Compared to last year, the volume of corporate property insurance 

premiums has decreased by 45%, whereas motor TPL insurance and private 

property insurance premiums have increased by 6.7% and 4.4%, 

respectively.

 

Claims paid in May totaled 6.297 million EEK, and total of five months 

is 28.662 million EEK.

 

Premiums collected by lines of insurance are presented in the 

following table:

 

In million EEK

Premiums received         1999      1998    1999    1998    Jan-May99/

                       January   January     May     May    Jan-May98           

                          -May      -May                          

 

Motor TPL insurance     33,778    31,653   5,088   5,493         +6,7%

Property insurance       3,597     3,443   0,743   0,992         +4,4%

(private)

Property insurance       8,020    14,690   1,589   2,704        -45,4%

(corporate)

General liability        3,200             0,345                      

insurance

Other                    2,292     2,978   0,483   0,636              

Total                   50,887    52,764   8,248   9,825        -3,6 %

                                                                 

 

In million EEK

Claims  (claims paid plus claim     1999       1998   1999    1998 

handling expenses minus salvage) January    January    May     May

                                    -May       -May

 

                                                                  

Motor TPL insurance               18,641    12,809   3,420   1,721

Property insurance (private)       2,372     2,519   0,843   1,316

Property insurance (corporate)     6,826     5,392   1,588   1,316

General liability insurance        0,063             0,468        

Other                              0,760     1,572  -0,022   0,113

                  Total           28,662    22,292   6,297   4,466

 

 

 

Nadja Tarmak

AB Kindlustuse Grupp

Director of Financial Division

Tel.+372 6440 542