Swedbank Life Insurance SE Lithuanian branch

The registered office of the company is included in the commercial register of the Republic of Estonia, code 10142356, address Liivalaia 12, 15036 Tallinn, Republic of Estonia. The company provides life insurance services in Estonia, Lithuania and Latvia. The life insurance service in Lithuania and Latvia is operated through branches.

The company is monitored by the Estonian Financial Supervision Authority.

The holding of Swedbank Life Insurance SE is owned by Swedbank AS (100% holding of share capital). The company is part of the Swedbank Group. In addition to insurance services, the companies of the group offer financial services. Find more about the group here.

The bodies of Swedbank Life Insurance SE are the shareholders’ meeting, supervisory board and management board.

Find Swedbank Life Insurance SE website here.

Swedbank Life Insurance SE Lithuanian branch

Swedbank Life Insurance SE Lithuanian branch offers innovative life insurance products as well as convenient access to all these products on the entire Swedbank network.

Swedbank Life Insurance SE Lithuanian branch, contact details:
Konstitucijos pr. 20A, LT-09321 Vilnius
Phone 1884
Fax +370 5 258 6732
Code: 302458056
Email: info@swedbank.lt
Website: www.swedbank.lt

Data of Swedbank Life Insurance SE Lithuanian branch are kept and maintained in the Register of Legal Entities of the Republic of Lithuania.

Irena Maksimaitienė is the head of Swedbank Life Insurance SE Lithuanian branch

Management board

Board chairman:

Rasa Balevičienė (board chairman, general manager of the company).

Members:

Vaida Janušytė. Areas of responsibility – financial and actuarial activities, business control, operational risk management.
Ilona Gaiževskaitė-Mickaitienė. Areas of responsibility – insurance underwriting, insurance contracts administration, customer satisfaction, customer complaints administration, money laundering prevention.
Mihkel Mandre. Areas of responsibility – IT development and maintenance strategy management and implementation.
Margus Liigand. Areas of responsibility – product portfolio management, insurance risk strategy management and implementation, distribution of insurance products, investment strategy, reinsurance.
Tomas Nenartavičius. Areas of responsibility – management of insured events.

  • 1996: Hansapanga Kindlustuse AS, life insurance company in Estonia, established.
  • 1999: Hansapanga Kindlustuse AS merged with Eesti Elukindlustuse AS (former state-owned life insurance company) to become the largest life insurance player on the Estonian market.
  • 2004: the name of the company was changed to AS Hansa Elukindlustus.
  • 2005: AS Hansa Elukindlustus started operating in Latvia without a separate branch.
  • 2007: AS Hansa Elukindlustus opened its Latvian branch.
  • 2009: the life insurance company in Estonia was renamed as Swedbank Elukindlustus AS.
  • 2009: in the end of the year, the insurance companies of the Swedbank Group on Latvia and Estonia were merged into a European life insurance company, Swedbank Life Insurance SE.
  • 1997: Lietuvos draudimas set up its subsidiary Lietuvos draudimas Gyvybės draudimas.
  • 2003: Lietuvos draudimas and Hansabankas signed a sales contract on 100 percent holding of Lietuvos draudimas Gyvybės draudimas.
  • 2004: Lietuvos draudimas Gyvybės draudimas changed its name to Hansa gyvybės draudimas.
  • 2005: Hansa gyvybės draudimas terminated with pension schemes and transferred rights and duties under pension scheme agreements to UAB Hansa investicijų valdymas.
  • 2009: Hansa gyvybės draudimas changed its legal form and business name from the private limited company Hansa gyvybės draudimas to public limited company AB Swedbank gyvybės draudimas.
  • 2009: AB Swedbank gyvybės draudimas was reorganized through incorporation into the European company Swedbank Life Insurance SE with its registered office in Estonia.
  • 2010: in the beginning of the year, Swedbank Life Insurance SE started to carry out life insurance services through the Swedbank Elukindlus Aktsiaselts Lithuanian branch the name of which was shortly changed to Swedbank Life Insurance SE Lithuanian branch.

If you have any questions or need help, please call 1884 or write to us.

Customer service network

Company Code Date1 No and date of the certificate Codes of insurance groups Responsible staff2
„Swedbank“, AB 112029651 01/01/2005 No 20, 01/01/2005 GD1, GD2, GD3 and GD5 List of staff

1 Date of entry in the list of tied insurance intermediaries

2 Employees whose duties include insurance mediation

Supervision Service of the Bank of Lithuania
Žalgirio g. 90, LT-09303 Vilnius
Phone (8 5) 268 0029
Fax (8 5) 262 8124
Email info@lb.lt
www.lb.lt

Swedbank Life Insurance SE financial reports

2020 year

2019 year

2018 year

2017 year

2016 year

2015 year

2014 year

2013 year

2012 year

2011 year

2010 year

AB Swedbank gyvybės draudimas financial reports

2009 year

2008 year

2007 year

2006 year

2005 year

2004 year

2003 year

2002 year

2001 year

Q1 (EUR) Q2 (EUR)
New insurance contracts
Swedbank Life Insurance SE Lithuanian branch 6603 2738
Swedbank Life Insurance SE 12181 5870
Share of Swedbank Life Insurance SE Lithuanian branch, % 54% 47%
Existing insurance contracts*
Swedbank Life Insurance SE Lithuanian branch 185839 184010
Swedbank Life Insurance SE 380757 377107
Share of Swedbank Life Insurance SE Lithuanian branch, % 49% 49%
Premiums written
Swedbank Life Insurance SE Lithuanian branch 16,823,692.00 16,632,612.76
Swedbank Life Insurance SE 33,100,595.59 33,420,835.64
Share of Swedbank Life Insurance SE Lithuanian branch, % 51% 50%
Insurance benefits
Swedbank Life Insurance SE Lithuanian branch 10,135,206.00 6,041,774.25
Swedbank Life Insurance SE 25,519,520.21 14,516,253.89
Share of Swedbank Life Insurance SE Lithuanian branch, % 40% 42%

* In the end of the period

Q1 (EUR) Q2 (EUR) Q3 (EUR) Q4 (EUR)
New insurance contracts
Swedbank Life Insurance SE Lithuanian branch 6808 7206 5172 4939
Swedbank Life Insurance SE 11912 12497 10016 10099
Share of Swedbank Life Insurance SE Lithuanian branch, % 57% 58% 52% 49%
Existing insurance contracts*
Swedbank Life Insurance SE Lithuanian branch 183891 183744 184446 184190
Swedbank Life Insurance SE 378526 378773 379668 379888
Share of Swedbank Life Insurance SE Lithuanian branch, % 49% 49% 49% 48%
Premiums written
Swedbank Life Insurance SE Lithuanian branch 14,507,432.00 15,193,768.00 15,646,380.91 17,191,444.77
Swedbank Life Insurance SE 29,547,574.03 32,820,206.08 31,255,794.82 39,318,780.74
Share of Swedbank Life Insurance SE Lithuanian branch, % 49% 46% 50% 44%
Insurance benefits
Swedbank Life Insurance SE Lithuanian branch 8,884,377.00 8,002,596.00 8,415,845.03 8,965,902.75
Swedbank Life Insurance SE 18,026,031.22 17,800,801.50 16,269,574.84 17,804,274.68
Share of Swedbank Life Insurance SE Lithuanian branch, % 49% 45% 51% 50%

* In the end of the period

Q1 (EUR) Q2 (EUR) Q3 (EUR) Q4 (EUR) Total (EUR)
New insurance contracts
Swedbank Life Insurance SE Lithuanian branch 10476 7182 8523 6865 33046
Swedbank Life Insurance SE 16690 12389 13778 12371 55228
Share of Swedbank Life Insurance SE Lithuanian branch, % 63% 58% 62% 55% 60%
Existing insurance contracts*
Swedbank Life Insurance SE Lithuanian branch 178999 180205 182638 183717 183717
Swedbank Life Insurance SE 371067 372836 375995 378269 378269
Share of Swedbank Life Insurance SE Lithuanian branch, % 48% 48% 49% 49% 49%
Premiums written
Swedbank Life Insurance SE Lithuanian branch 12,967,408 13,201,668 13,665,306 15,507,485 55,341,867
Swedbank Life Insurance SE 28,004,702 30,134,552 28,931,522 35,324,061 122,394,837
Share of Swedbank Life Insurance SE Lithuanian branch, % 46% 44% 47% 44% 45%
Insurance benefits
Swedbank Life Insurance SE Lithuanian branch 9,439,253 9,163,307 7,614,267 9,490,194 35,707,021
Swedbank Life Insurance SE 18,056,981 16,895,203 15,148,891 17,222,656 67,323,731
Share of Swedbank Life Insurance SE Lithuanian branch, % 52% 54% 50% 55% 53%

* In the end of the period

Q1 (EUR) Q2 (EUR) Q3 (EUR) Q4 (EUR) Total (EUR)
New insurance contracts
Swedbank Life Insurance SE Lithuanian branch 13,039 9,553 8,128 9,093 39,813
Swedbank Life Insurance SE 21,613 17,736 15,727 21,118 76,194
Share of Swedbank Life Insurance SE Lithuanian branch, % 60% 54% 52% 43% 52%
Existing insurance contracts*
Swedbank Life Insurance SE Lithuanian branch 171,698 174,197 174,402 175,909 696,206
Swedbank Life Insurance SE 348,760 355,105 358,639 365,575 1,428,079
Share of Swedbank Life Insurance SE Lithuanian branch, % 49% 49% 49% 48% 49%
Premiums written
Swedbank Life Insurance SE Lithuanian branch 11,660,727 11,817,248 12,096,246.6 14,098,723.23 49,672,945
Swedbank Life Insurance SE 24,900,028 28,420,393 26,263,929 34,766,853 114,351,203
Share of Swedbank Life Insurance SE Lithuanian branch, % 47% 42% 46% 41% 43%
Insurance benefits
Swedbank Life Insurance SE Lithuanian branch 12,009,855 9,350,729.18 7,742,836.63 12,903,748.36 42,007,169.2
Swedbank Life Insurance SE 20,595,343 15,986,343.16 14,665,674.78 22,990,788.75 74,238,149.7
Share of Swedbank Life Insurance SE Lithuanian branch, % 58% 58% 53% 56% 57%

* In the end of the period

Q1 (EUR) Q2 (EUR) Q3 (EUR) Q4 (EUR) Total (EUR)
New insurance contracts
Swedbank Life Insurance SE Lithuanian branch 11,493 9,217 9,638 11,146 41,494
Swedbank Life Insurance SE 20,579 17,646 19,203 19,758 77,186
Share of Swedbank Life Insurance SE Lithuanian branch, % 56% 52% 50% 56% 54%
Existing insurance contracts*
Swedbank Life Insurance SE Lithuanian branch 162,178 164,665 166,711 169,093 169,093
Swedbank Life Insurance SE 323,195 330,040 337,030 343,643 343,643
Share of Swedbank Life Insurance SE Lithuanian branch, % 50% 50% 49% 49% 49%
Premiums written
Swedbank Life Insurance SE Lithuanian branch 10,389,475 11,251,965 11,187,256 18,324,960 51,168,345
Swedbank Life Insurance SE 21,877,537 23,300,147 23,411,810 36,452,634 105,042,128
Share of Swedbank Life Insurance SE Lithuanian branch, % 47% 48% 48% 50% 49%
Insurance benefits
Swedbank Life Insurance SE Lithuanian branch 7,762,397 7,152,471 8,706,269 10,283,735 33,904,873
Swedbank Life Insurance SE 13,848,705 13,481,139 14,389,012 17,431,979 59,150,835
Share of Swedbank Life Insurance SE Lithuanian branch, % 56% 53% 61% 59% 57%

* In the end of the period

Q1 (EUR) Q2 (EUR) Q3 (EUR) Q4 (EUR) Total (EUR)
New insurance contracts
Swedbank Life Insurance SE Lithuanian branch 8,603 9,171 8,997 8,821 35,592
Swedbank Life Insurance SE 20,657 17,780 17,899 17,854 74,190
Share of Swedbank Life Insurance SE Lithuanian branch, % 42% 52% 50% 49% 49%
Existing insurance contracts*
Swedbank Life Insurance SE Lithuanian branch 143,429 150,959 152,806 156,270 156,270
Swedbank Life Insurance SE 289,047 297,434 305,441 313,125 313,125
Share of Swedbank Life Insurance SE Lithuanian branch, % 50% 51% 50% 50% 50%
Premiums written
Swedbank Life Insurance SE Lithuanian branch 10,554,062 12,037,855 11,466,030 15,925,739 49,973,686
Swedbank Life Insurance SE 21,293,090 26,176,713 22,663,008 30,893,855 101,026,666
Share of Swedbank Life Insurance SE Lithuanian branch, % 50% 46% 51% 52% 52%
Insurance benefits
Swedbank Life Insurance SE Lithuanian branch 7,148,733 7,464,096 7,179,727 8,529,019 30,321,575
Swedbank Life Insurance SE 12,164,183 11,842,535 11,746,824 14,446,234 50,199,776
Share of Swedbank Life Insurance SE Lithuanian branch, % 59% 63% 61% 59% 59%

* In the end of the period

Q1 (EUR) Q2 (EUR) Q3 (EUR) Q4 (EUR) Total (EUR)
New insurance contracts
Swedbank Life Insurance SE Lithuanian branch 4,547 5,193 6,348 6,917 23,005
Swedbank Life Insurance SE 10,471 11,273 13,338 16,355 51,437
Share of Swedbank Life Insurance SE Lithuanian branch, % 43% 46% 48% 42% 45%
Existing insurance contracts*
Swedbank Life Insurance SE Lithuanian branch 135,002 136,602 137,259 138,824 138,824
Swedbank Life Insurance SE 258,715 262,823 268,564 276,937 1,067,039
Share of Swedbank Life Insurance SE Lithuanian branch, % 52% 52% 51% 50% 13%
Premiums written
Swedbank Life Insurance SE Lithuanian branch 34,151,045 35,517,538 33,621,656 47,894,355 151,184,594
Swedbank Life Insurance SE 68,075,749 73,874,961 66,909,435 93,330,875 302,191,020
Share of Swedbank Life Insurance SE Lithuanian branch, % 50% 48% 50% 51% 50%
Insurance benefits
Swedbank Life Insurance SE Lithuanian branch 25,649,642 21,391,445 26,205,809 32,088,103 105,334,999
Swedbank Life Insurance SE 45,856,419 37,300,765 42,738,692 46,717,958 172,613,834
Share of Swedbank Life Insurance SE Lithuanian branch, % 56% 57% 61% 69% 61%

* In the end of the period

Q1 (EUR) Q2 (EUR) Q3 (EUR) Q4 (EUR) Total (EUR)
New insurance contracts
Swedbank Life Insurance SE Lithuanian branch 3.639 4.510 5.042 5.408 26.748
Swedbank Life Insurance SE 7.364 8.648 9.115 11.070 52.209
Share of Swedbank Life Insurance SE Lithuanian branch, % 49% 52% 55% 49% 51%
Existing insurance contracts*
Swedbank Life Insurance SE Lithuanian branch 129.895 128.581 130.211 131.703 131.703
Swedbank Life Insurance SE 249.850 251.118 253.023 255.994 255.994
Share of Swedbank Life Insurance SE Lithuanian branch, % 52% 51% 51% 51% 51%
Premiums written
Swedbank Life Insurance SE Lithuanian branch 29.918.534 30.875.574 33.929.141 42.056.924 136.780.173
Swedbank Life Insurance SE 60.460.903 61.971.172 63.417.833 79.084.899 264.934.807
Share of Swedbank Life Insurance SE Lithuanian branch, % 49% 50% 54% 53% 52%
Insurance benefits
Swedbank Life Insurance SE Lithuanian branch 30.438.686 23.262.920 20.948.828 25.175.520 99.825.954
Swedbank Life Insurance SE 49.909.547 46.325.544 38.501.012 45.769.813 180.505.919
Share of Swedbank Life Insurance SE Lithuanian branch, % 61% 50% 54% 55% 55%

* In the end of the period

Q1 (EUR) Q2 (EUR) Q3 (EUR) Q4 (EUR) Total (EUR)
New insurance contracts
Swedbank Life Insurance SE Lithuanian branch 3.342 3.152 2.972 3.971 13.437
Swedbank Life Insurance SE 8.480 6.399 5.921 7.577 28.377
Share of Swedbank Life Insurance SE Lithuanian branch, % 39% 49% 50% 52% 47%
Existing insurance contracts*
Swedbank Life Insurance SE Lithuanian branch 136.680 132.889 131.327 127.504 -
Swedbank Life Insurance SE 259.876 257.864 255.211 250.742 -
Share of Swedbank Life Insurance SE Lithuanian branch, % 53% 52% 51% 51% -
Premiums written
Swedbank Life Insurance SE Lithuanian branch 32.084.136 31.424.650 30.799.678 35.923.693 130.232.157
Swedbank Life Insurance SE 58.468.124 58.695.283 58.844.585 69.869.784 245.877.776
Share of Swedbank Life Insurance SE Lithuanian branch, % 55% 54% 52% 51% 53%
Insurance benefits
Swedbank Life Insurance SE Lithuanian branch 33.571.549 30.952.254 31.274.526 75.111.963 170.910.292
Swedbank Life Insurance SE 53.754.166 49.185.327 51.913.393 100.225.885 255.078.771
Share of Swedbank Life Insurance SE Lithuanian branch, % 62% 63% 60% 75% 67%

* In the end of the period

Q1 (EUR) Q2 (EUR) Q3 (EUR) Q4 (EUR) Total (EUR)
New insurance contracts
Swedbank Life Insurance SE Lithuanian branch 3.781 3.341 3.372 2.583 13.077
Swedbank Life Insurance SE 5.836 5.783 5.881 5.568 23.068
Share of Swedbank Life Insurance SE Lithuanian branch, % 65% 58% 57% 46% 57%
Existing insurance contracts*
Swedbank Life Insurance SE Lithuanian branch 142.130 143.394 142.136 136.137 136.137
Swedbank Life Insurance SE 270.396 267.823 265.305 260.420 260.420
Share of Swedbank Life Insurance SE Lithuanian branch, % 53% 54% 54% 52% 52%
Premiums written
Swedbank Life Insurance SE Lithuanian branch 36.963.596 34.521.355 33.633.133 34.422.478 139.540.562
Swedbank Life Insurance SE 66.030.705 61.036.536 60.855.720 64.926.017 252.848.978
Share of Swedbank Life Insurance SE Lithuanian branch, % 56% 57% 55% 53% 55%
Insurance benefits
Swedbank Life Insurance SE Lithuanian branch 22.289.314 25.607.039 28.138.973 39.622.100 115.657.426
Swedbank Life Insurance SE 36.449.637 43.524.555 48.078.868 63.651.435 191.704.495
Share of Swedbank Life Insurance SE Lithuanian branch, % 61% 59% 59% 62% 60%

* In the end of the period

Q1 (EUR) Q2 (EUR) Q3 (EUR) Q4 (EUR) Total (EUR)
New insurance contracts
Swedbank Life Insurance SE Lithuanian branch 6.506 6.768 5.204 4.653 23.131
Swedbank Life Insurance SE 9.569 9.848 8.279 7.872 35.568
Share of Swedbank Life Insurance SE Lithuanian branch, % 68% 69% 63% 59% 65%
Existing insurance contracts*
Swedbank Life Insurance SE Lithuanian branch 141.528 142.441 142.342 142.334 142.136
Swedbank Life Insurance SE 273.348 273.348 274.079 272.868 272.868
Share of Swedbank Life Insurance SE Lithuanian branch, % 52% 52% 52% 52% 52%
Premiums written
Swedbank Life Insurance SE Lithuanian branch 35.985.661 36.768.922 35.605.629 39.593.761 147.953.973
Swedbank Life Insurance SE 66.525.237 66.890.001 64.559.360 73.943.456 271.918.054
Share of Swedbank Life Insurance SE Lithuanian branch, % 54% 55% 55% 54% 54%
Insurance benefits
Swedbank Life Insurance SE Lithuanian branch 22.981.017 21.204.526 19.223.079 22.151.805 85.560.426
Swedbank Life Insurance SE 36.645.302 33.592.572 31.047.203 40.138.587 141.423.664
Share of Swedbank Life Insurance SE Lithuanian branch, % 63% 63% 62% 55% 60%

* In the end of the period

More information on the activity indicators of Swedbank Life Insurance SE and Estonian insurance market is available here.

Versions of the current rules for services

With regard to the amendments of the Law on Insurance of the Republic of Lithuania, hereby informs that thresholds of cancelation fee of Contract of Investment Life Insurance and name of the management fee of investments are to be changed:

  1. The cancelation fee of Contract of Investment Life Insurance shall not exceed 2 percent from the value of accumulated capital or 50 euros from 06 December 2018. If smaller cancellation fee is indicated in your contract concluded before the aforementioned date, it will not change after 06 December 2018.
  2. The “management fee of investments” will be called “administration fee of investment trends” from 06 December 2018.

You do not need to undertake any actions because of these changes. More detailed information related to the Contract of Investment Life Insurance is available here.

Standard contract fees changes

Standard contract fees changes

Versions of previous rules for services