Mandatum Life Baltic Interim Report H1 2017
Gross written premiums (GWP) of Mandatum Life Group was 423 mEUR (492 mEUR) in the first half of 2017. Unit link GWP was 374 mEUR (435 mEUR). Result of the Group was 116 mEUR (103 mEUR) and solvency coverage ratio was 205% (12/2016: 160%).
Mandatum Life Insurance Baltic SE sum-at risk decreased 0.4% and was 663 mEUR (12/2016 665 mEUR). GWP was 10.4 mEUR (8.3 mEUR), total result was a profit of 132 tEUR (a loss of 400 tEUR). Unit link share of the total GWP was 90% and assets under management were 179 mEUR (12/2016: 178 mEUR) from which unit link savings were 90%.
Number of staff was 94 (98) at the end of June 2017.
“We are in the process of changing the legal structure of the Baltic business. In 2018 Mandatum Life Finland will operate in the Baltics through three own branches (Estonia, Latvia and Lithuania) and we expect to see positive effects to business already in 2018”, comments the Chairman of Supervisory Board Mrs. Sanna Rajaniemi.
Please find the complete Interim Report on the internet at http://www.sampo.com/result.
For more information, please contact:
Mandatum Life Insurance Baltic SE
Chairman of Supervisory Board Sanna Rajaniemi, firstname.lastname@example.org, tel +358 50 424 6655
CEO Rasa Kasperaviciute, email@example.com, tel. +370 686 88631.