Balta
Balta is a prominent insurance company operating in Latvia that provides a wide range of non-life insurance services to private and corporate clients. It is a subsidiary of the PZU Group, which is a major financial institution based in Poland.
Brand Identity Data
HQ Country
Latvia
HQ City
Riga
Founded
1992
EU Headquartered
Yes
EU Manufactured
No
Ownership Type
private
Stock Exchange
Private
Tax Domicile
LV
Ultimate Parent
Powszechny Zakład Ubezpieczeń SA (PZU Group)
Data Hosting
LV
CLOUD Act Exposure
No ✓
GDPR Status
compliant
B Corp Certified
No
Repair / Recycling
No
Ethical Certifications
None verified
Verified on October 15, 2026
Corporate Lineage
1992
Establishment
Balta was founded as the first private insurance company in Latvia.
2014
PZU Acquisition
The Polish insurance group PZU acquired Balta from RSA Insurance Group.