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Q2 2022 overview of the life insurance sector
The two life insurers received 75 million euros in insurance premiums in the first quarter, which was 5% less than in the first quarter but 14% more than in the second quarter of last year.
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The two life insurers received 75 million euros in insurance premiums in the first quarter, which was 5% less than in the first quarter but 14% more than in the second quarter of last year.
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Estonian non-life insurers wrote 160.7 million euros in insurance premiums in the second quarter of 2022. Insurance premiums were up in volume in the second quarter by 20.2% from the same period a year earlier.
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The volume of assets managed by fund managers continued to decline in the second quarter of 2022, losing 10.1%.
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The value of the assets of public funds shrank by 445.6 million euros or 8.7% in the second quarter of 2022. Assets shrank most at equity funds, losing 16.2%, but they also shrank by 9.6% at mandatory pension funds and by 5.9% at voluntary pension funds.
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The indicators for the banking sector in the second quarter do not yet show the economy cooling. The rate of growth in lending picked up further to 12.5% over the year, taking the loan stock of the sector to 32.8 billion euros.
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Developments in Estonian financial services were affected most in the first half of 2022 by inflation, the fall in securities markets, and the termination of second pension pillar contracts.
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At the end of the first quarter of 2022 the shares of 18 companies were listed on the primary list of the Tallinn stock exchange and those of two companies and one listed fund were listed on the additional list. The shares of nine companies were listed on the First North alternative market.
2010.22
There were no major changes in the creditor sector in the first quarter. The stock of the loan portfolio grew by 2% to reach 1.4 billion euros at the end of March with around 564,000 contracts.