In the first semester of 2009, insurance companies that activate in Lithuania underwrote a volume of EUR 242 million, down by 20.1%, compared to the same period from 2008, as the National Insurance Supervisory Commission reported.

Non-life insurance market decreased by 21.6%, down to EUR 176 million, as well as life insurance market, that decreased by 15.7%, to EUR 65.8 million.

The share of life insurance sector rose by 240 basis points, to 27.2%, from 25.8% in H1/2008.
Also, in this period, the number of insurance policies decreased by 12.6%, to 2.034 million signed insurance contracts. On the life insurance market, the number of policies decreased by 46.5%, to 24.7 thousands contracts.

The volume of paid claims rose to EUR 160.6 million, that is by 15.1% more than in H1/2008. Non-life insurance companies paid EUR 122.8 million, a 22.6% increase. On the other side, life insurance companies paid claims in decrease by 5%, down to EUR 37.85 million.