In 2002, BTA insurance company of Latvian capital acquired 100% of shares of the Lithuanian insurance company LTB Draudimas and started its business in Lithuania under the name of UAB BTA DRAUDIMAS. In 2011, BTA successfully completed the process of its reorganisation and started operating with a new status of the European Company under the name BTA Insurance Company SE.

UAB BTA DRAUDIMAS ceased functioning as a separate legal person and BTA continues its operations in Lithuania as an affiliate of the European company. BTA shareholders, owning more than 10% of the company, is Pauls Dandzbergs and Gints Dandzbergs.