News article, 13 February 2013
If P&C Insurance AS annual results in the Baltic countries in 2012 shows stable and strong financial result. The consolidated net profit for If P&C Insurance AS, which includes parent company in Estonia and subsidiaries in Latvia and Lithuania, was 20.7 MEUR in 2012 compared to 21.5 MEUR in 2011.

The gross premiums written on the Baltic market during 2012 were 115.2 MEUR compared to 113.9 MEUR in the same period last year, increasing 1.1%.

Gross written premiums in Latvia were 18.0 MLVL compared to 16.5 MLVL in 2011, increasing by 9 %.
 
During 2012 the amount of claims paid in the Baltic were 62.2 MEUR compared to 71.0 MEUR in 2011, decreasing by 12%.
In Latvia the amount of claims paid was 9.4 MLVL compared to 9.2 MLVL in 2011.
 
The number of clients in the Baltic increased from 337 thousand to 353 thousand, which shows a 5% growth compared to last year.
 
If Group continues to deliver stable results. The technical result for If P&C Insurance was 4 877 MSEK for 2012, compared to 4 129 MSEK for the full year 2011. Combined ratio was 89.3 percent (92.0 percent), and the operating result before tax was 7 456 MSEK (5 572 MSEK)
 
If P&C Holding is part of Sampo Plc. Sampo Group’s profit before taxes was 444 MEUR (322) for October-December 2012. Earnings per share was 0.72 euro (0.50 euro) in the fourth quarter.



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