LV: If Latvia underwritten premiums down by 20% y/y in 2009.

By bne IntelliNews February 16, 2010
According to the announcement by the company, If Latvia risk insurance companys total volume of underwritten premiums in 2009 decreased by 20% y/y reaching LVL 87mn (EUR 124mn). In the reporting period company paid out LVL 52.5mn in compensations, which makes a 12% y/y increase. In 2009 If Latvia earned a net profit of LVL 17.6mn up by 77%.
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