Allianz Hungária had revenue from premiums of HUF 50.7 billion in the first quarter, down 18.1% from the same period a year earlier, the insurer’s parent company told MTI on Tuesday.
Allianz put the drop down to lower revenue from policies with one-time premiums, a decline that was in line with the market trend.
Operating profit fell to HUF 4.6 billion in Q1 from HUF 5.1 billion in the base period because of the extraordinary tax on financial sector companies, said chairman-CEO Peter Kisbenedek.
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
