ASA KINDLUSTUS

ANNOUNCEMENT

16.12.98

 

COMMENTARY TO THE ASA KINDLUSTUS AS FINANCIAL RESULTS OF 11/98

 

The volume of the insurance premiums of ASA Kindlustus AS in November 

was 9.66 million EEK. In 11 months, ASA has collected premiums in 

the amount of 114.24 million EEK, which is 12% less than during the 

same period last year. The claims totaled 5.155 million EEK in November.

 

The volumes of the premiums by line of insurance are

presented in the following table:

 

Million EEK

premiums received       1998,     1997,     1998,      1997,     Jan -

                      January-  January-  November   November   Nov.98/

                      November  November                         Jan.-

                                                                Nov.97

Motor TPL insurance    66,359   79,5        5,406      6,32      83,5%

Property insurance      8,573    6,7        0,659      0,84       129%

(private)

Property insurance     30,815   32,5        2,454      3,20        95%

(corporate)

Accident insurance      6,135    4,7        0,410      0,29       131%

Other                   2,353    6,9        0,726      0,63        34%

                          

Total                 114,235  130,3        9,657     11,29        88%

                                                             

 

 

Million EEK

Claims  (claims paid plus claim   1998,     1997,     1998,     1997,

handling expenses minus         January-  January-  November  November

salvage)	                November  November

Motor TPL insurance              30,914    36,373    4,189     4,155

Property insurance (private)      4,930     3,062    0,292     0,233

Property insurance (corporate)   15,252    11,158    0,651     1,455

Accident insurance                3,051     0,625    0,220     0,119

Other                             0,330     1,650   -0,197     0,642

                  Total          54,476    52,868    5,155     6,604

 

 

Nadja Tarmak

AB Kindlustuse Grupp

Manager of the Financial Division

Tel. +372 6 440 542