AS HANSAPANK		

ANNOUNCEMENT

15.04.99

 

 

EESTI KINDLUSTUS GROUP COLLECTED EEK 64 MILLION OF PREMIUMS IN THE 

FIRST QUARTER OF 1999

 

 

Eesti Kindlustus Group (together with the Lithuanian subsidiary KDK 

Draudimas) collected EEK 63.7 million of P&C insurance premiums in 

the first quarter of the year, exceeding previous year's same 

period’s result by 11.7%. During March P&C insurance premiums 

totalled EEK 23.2 million, which is 14.8% more than in the same 

month last year.

The distribution of insurance premiums by categories was the 

following:

EEK in millions			3/99		3/98		1999 3 months	1998 3 months

Compulsory insurance 		 9,4		11,0			27,0		31,6

Non-life insurance (private)	 6,1		 4,3			16,1		11,7

Non-life insurance (corporate)	 6,2		 3,9			16,8		10,7

Accident insurance		 1,5		 1,1			 3,8		 2,9

Total premiums			23,2		20,3			63,7		56,9

 

In the first quarter claims paid out to customers totalled EEK 39.6 

million, of which EEK 14.4 million were paid in March.

 

The pay-out ratio by different product categories is the 

following(%):

 

				1999 3 months			1998 3 months

Compulsory insurance			74,9				62,4

Non-life insurance (private)		33,2				26,1

Non-life insurance (corporate)		78,4				39,6

Accident insurance			21,6				16,8

Total premiums				62,1				48,3

 

 

Additional information:

Rait Pallo

Financial analyst of Eesti Kindlustus

+372 6207 822

 

 

HANSABANK Ltd.

 

 

 

Mart Toevere

Economist

Tel. +372 6131 569