OREANDA-NEWS. January 29, 2007. Last year, the life insurance company Bonum Publicum earned LTL 3,52 million in net non-audited profit, which is 47,2 percent more compared to the year 2006 when the company’s profit amounted to LTL 2,39 million. Last year’s life insurance premiums signed totalled LTL 15,01 million showing a 42,4 percent increase compared to 2006 with gross premium income of LTL 10,54 million, reported the press-centre of Ukio bankas.

“The Company’s growing financial results were predetermined by purposeful development of Bonum Publicum network throughout Lithuania along with new investment products we introduced to the market in autumn last year,” Rasa Vasiliene-Vasiliauskiene, Bonum Publicum director, said. As maintained by the head of Bonum Publicum, regular improvement of life insurance terms and conditions encourages the use of this type of insurance.

Last year Bonum Publicum expanded the network of its units. The life insurance company provides services to the clients at 9 units settled in Vilnius, Kaunas, Klaipeda, Siauliai, Marijampole, Panevezys, Mazeikiai, Silute and Rokiskis. “This year’s plan is to invest in Bonum Publicum development and set up more units of the company all over Lithuania,” R. Vasiliene-Vasiliauskiene enumerated strategic guidelines.

Last year, in response to market changes the company introduced five new investing directions offered to the clients having a variable universal life insurance. The directions of Asian small companies’ shares, Nordic shares, East European small companies’ shares and East European shares are intended for the clients assuming higher risk than the average one.

Last year Ukio bankas became the sole shareholder of Bonum Publicum having acquired a 100 percent interest in the company. Risks assumed by the company are reinsured by the world’s biggest underwriter MUNICH RE. The company’s authorized capital amounts to LTL 14 million.