Financial Services, Good for Business, Insurance, Latvia
International Internet Magazine. Baltic States news & analytics
Friday, 01.11.2024, 01:30
Latvian insurance companies' profit in 9 months made EUR 23.109 mln
Risk insurance companies achieved EUR 24.931 million in profit in January-September, an increase of 49.8% on the first nine months of 2019, while life insurers operated with a loss of EUR 1.823 million as compared to a profit in the same period last year.
In January-September 2019, Latvian insurance companies' profit amounted to EUR 17.958 million - non-life insurance companies' profit stood at EUR 16.647 million and life insurers' profit at EUR 1.311 million.
At the end of June 2020, there were four non-life insurance companies operating in Latvia - Balta, Baltijas Apdrosinasanas Nams, Balcia Insurance SE, and BTA Baltic Insurance Company, as well as two life insurance companies - SEB Life And Pension Baltic SE and CBL Life. In addition, there are seven foreign non-life insurance companies' branches and four foreign life insurance companies' branches operating in Latvia.
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