September 19, 2014 12:44 AM ET

Insurance

Company Overview of Lietuvos Draudimas AB

Company Overview

Lietuvos Draudimas AB provides general insurance services and is based in Vilnius, Lithuania. Lietuvos Draudimas AB operates as a subsidiary of Codan A/S.

J. Basanavièiaus g. 12

Vilnius,  03600

Lithuania

Founded in 1921

Phone:

370 2 666 612

Fax:

370 2 314 138

Key Executives for Lietuvos Draudimas AB

Lietuvos Draudimas AB does not have any Key Executives recorded.

Lietuvos Draudimas AB Key Developments

Lietuvos Draudimas AB Reports Earnings Results for the First Half Ended June 2014

Lietuvos Draudimas AB reported earnings results for the first half ended June 2014. For the period, the company posted LTL 31.86 million in pretax profit, down 6.3% from LTL 34.013 million in the same period last year. Net profit shrank by an annual 16.2% to LTL 26.795 million, mainly due to a 2.5-fold annual increase in profit tax, to LTL 5.065 million.

Lietuvos Draudimas Reports Unaudited Earnings Results for the First Quarter Ended March 2014

Lietuvos Draudimas posted LTL 14.603 million (EUR 4.23 million) in unaudited net profit for the first quarter of 2014, down 10.5% from LTL 16.312 million in the same period last year. Profit from investment operations (bonds, equities and real estate) soared 2.5 times year-on-year to LTL 5.21 million. Non-life insurance premiums written rose by an annual 2.6% to LTL 92.542 million between January and March. Profit before tax fell by 4.8% to LTL 17.227 million, from LTL 18.09 million in the same period last year.

Lietuvos Draudimas Announces Earnings Results for the Full Year 2013

Lietuvos Draudimas announced earnings results for the full year 2013. For the period, the company's annual net profit fall to LTL 40 million (EUR 11.6 million), down 28.6% from LTL 56 million in 2012. Non-life insurance premiums written rose by 7.9% to LTL 410 million.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
April 17, 2014
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