AS HANSAPANK

ANNOUNCEMENT

17.03.99

 

 

EESTI KINDLUSTUS GROUP COLLECTED EEK 54 MILLION OF PREMIUMS IN 

THE FIRST 2 MONTHS OF 1999

 

Eesti Kindlustus Group collected EEK 24.4 million of insurance 

premiums in February this year, exceeding previous year's same 

month's result by 6.5%. Over the 2 months of this year, 

insurance premiums total EEK 54 million, which is 7.3% more 

than in the same period last year.

Eesti Elukindlustus AS (Estonian Life-Insurance Ltd.) collected 

EEK 6.7 million of premiums in February, which is 0.5% less 

than a year ago.

Eesti Varakindlustuse Konstern (Estonian Non-life Insurance 

Group) together with KDK collected EEK 17.6 million in 

February, exceeding last year's February result by 9.5%.

The distribution of insurance premiums by categories was the 

following:

 

EEK in millions

                               2/99     2/98      1999     1998

                                              2 months 2 months

Life insurance                  6,7      6,8      13,4     13,4

Compulsory insurance            6,5      8,2      17,6     20,7

Non-life insurance (private)    5,0      3,8      10,0      7,4

Non-life insurance (corporate)  5,0      3,4      10,6      6,8

Accident insurance              1,1      0,7       2,3      1,9

Total premiums                 24,4     22,9      53,9     50,2

 

 

In February claims were paid in the total amount of EEK 14.7 

million, incl. life insurance EEK 2.7 million and non-life 

insurance EEK 12.0 million. From the beginning of the year a 

total of EEK 131.8 million has been paid as indemnities.

 

The pay-out ratio by different product categories is the 

following(%):

 

                                    1999 2    1998 2 

                                    months    months

Life insurance                        39,3      23,1

Compulsory insurance                  73,0      55,7

Non-life insurance (private)          32,4      23,2

Non-life insurance (corporate)        80,2      39,7

Accident insurance                    24,3      14,8

Total premiums                        56,4      38,5

 

 

 

Additional information:

Rait Pallo

Financial analyst of Eesti Kindlustus

+372 6207 822

 

HANSABANK Ltd.

 

 

 

Mart Toevere

Economist

Tel. +372 6131 569