March 30, 2017 12:51 AM ET

Insurance

Company Overview of AAS SEB Dzivibas apdrosinasana

Company Overview

AAS Balta Dziviba provides life insurance products and is based in Riga, Latvia. As of June 13, 2005, AAS Balta Dziviba is a subsidiary of AS SEB banka.

Antonijas iela 9

Rîga,  1010

Latvia

Founded in 1991

Phone:

371 707 9800

Fax:

371 707 9808

Key Executives for AAS SEB Dzivibas apdrosinasana

AAS SEB Dzivibas apdrosinasana does not have any Key Executives recorded.

AAS SEB Dzivibas apdrosinasana Key Developments

SEB Dzivibas Apdrosinasana Announces Unaudited Earnings Results for the Year 2016

SEB Dzivibas Apdrosinasana announced unaudited earnings results for the year 2016. For the year, the company generated EUR 1.449 million in profit in contrast to a loss a year before. In 2016, the company wrote EUR 36.353 million in gross premiums, up 3.7% against 2015, and paid EUR 28.081 million in indemnities, which was 4.8% more than in 2015. Life insurance premiums rose by 3.5% to EUR 35.206 million last year and indemnities paid in life insurance grew by 4.8% to EUR 27.908 million. The company posted EUR 943,618 in audited loss for 2015.

SEB  Dzivibas Apdrosinasana Reports Earnings Results for the Full Year of 2015

SEB  Dzivibas Apdrosinasana reported earnings results for the full year of 2015. For the period, the company closed 2015 with a EUR 943,600 loss in contrast to profit a year before. Gross premiums reached EUR 35.04 million in 2015, growing 1.3% year-on-year.

SEB Dzivibas Apdrosinasana Announces Earnings Results for the First Quarter of 2015

SEB Dzivibas Apdrosinasana announced earnings results for the first quarter of 2015. For the quarter, the company reported profit of EUR 1.701 million as opposed to a loss in the same period last year. Gross premiums reached EUR 7.62 million, growing 11.8% year-on-year, while claims paid amounted to EUR 5.841 million, down 13% from the first three months in 2014. Life insurance premiums added up to EUR 7.413 million, which is a 12.2% increase from the first three months of 2014, but life insurance claims paid fell 13.2% year-on-year to EUR 5.807 million.

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