Compared to January, the amount was 6.3 percent smaller, figures released by Statistics Estonia on Thursday show.
Payouts in life insurance totaled three million euros, 3 percent less than in February 2012 and 15.4 percent less than in January.
Companies in the non-life insurance segment collected 17.3 million euros in premiums last month, 4.8 percent more than the year before. Month on month, premiums shrank by 21 percent.
Non-life indemnities amounted to 11.8 million euros, growing by 20.7 percent in annual comparison. Compared to January, payouts decreased by 3.7 percent.
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