News article, 12 February 2014
If P&C Insurance AS annual results in the Baltic countries in 2013 shows stable 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 13.2 MEUR in 2013 compared to 20.7 MEUR in 2012.

The gross premiums written on the Baltic market during 2013 were 117.1 MEUR compared to 115.2 MEUR in the same period last year, increasing by 2%.
Gross written premiums in Latvia were 18.6 MLVL compared to 18.0 MLVL in 2012, increasing 3.2%.

During 2013 the amount of claims paid in the Baltic were 64.3 MEUR compared to 61.4 MEUR in 2012, increasing by 5%.
In Latvia the amount of claims paid was 10.8 MLVL compared to 8.9 MLVL in 2012, increasing 20.9%.

The number of clients in the Baltic stayed the same as year before - 354 thousand.

Stable results for If P&C Insurance
The technical result for If P&C Insurance was 5 200 MSEK for 2013 compared to 4 997 MSEK for the corresponding period last year. Combined ratio was 88.1 per cent (88.9 per cent). The operating result before tax was 8 041 MSEK (7 511 MSEK).

If P&C Holding is part of Sampo Plc. Sampo Group’s profit before taxes was 440 MEUR (439 MEUR) for October-December 2013. Earnings per share was 0.71 euro (0.71 euro) in the fourth quarter.

 



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