LATVIA: Balta insurer closes 2015 with profit of EUR 1.19 mln

3 March 2016 —
Latvian insurance company Balta closed 2015 was a profit of EUR 1.19 million, informs LETA, according to the company's annual statements.

After posting loss for several successive years, Balta succeed to break into the black in 2015. For example, previously it showed a loss of more than EUR 1 million in 2014, and a loss of EUR 2.2 million in 2013.

Balta's premiums earned in 2015 totaled EUR 60.48 million, up 22% from EUR 49.66 million in premiums earned in 2014. Read the full story LATVIA: Balta insurer closes 2015 with profit of EUR 1.19 mln
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