Total audited profits of Latvian insurance companies last year reached 3 million lats (4.53 million euros), doubling from 2001.
According to the Financial and Capital Market Supervisory Commission, nonlife insurers posted audited profits of 1.6 million lats in 2002, a 33 percent increase year-on-year, and audited profits of life insurers amounted to 1.3 million lats, up 6.5 times from 2001.
Risk insurance profits of non-life insurers increased considerably last year to 3.3 million lats as opposed to 886,000 lats in 2001.
At the same time, life insurers suffered a loss of 228,000 lats from risk insurance in 2002.
In 2001 life insurers saw losses both from risk and life insurance at 34,00 lats and 382,000 lats respectively.
Please enter your username and password.
2024 © The Baltic Times /Cookies Policy
