UKIO BANKAS AB 
By 2012-11-23
The amount of life insurance contracts signed by the life insurance company Bonum Publicum over the nine months of this year went up by 4.5 per cent year on year, whereas the total life insurance market witnessed a recession of 7.4 per cent, according to the data released by the Bank of Lithuania. The total amount of contracts signed by Bonum Public in January-September reached LTL 13.3 million.
According to non-audited data, during the nine months of this year the company earned LTL 1.32 million in profit, which is six times above the respective figure of 2011 (LTL 217 thousand). Great popularity was seen by the classical insurance products with guaranteed interest offered by the company - over the three quarters of this year their sales jumped by more than 30 per cent as against the same period last year.
'The main reasons behind the growth of business volumes and profitability were the flexibility of the company's insurance contracts and supply of new products considering clients' decreased tolerance to risk: last year we expanded the range of classical life insurance products with guaranteed interest. This step enabled us to attract new clients and successfully increase sales despite a 9 per cent fall of the total life insurance market during nine months of this year,' Rasa Vasilien
