CIG Pannónia profit falls to HUF 2.1 bln in 2018
After-tax profit of CIG Pannónia Life Insurance fell 19% to HUF 2.1 billion in 2018, an earnings report released early Tuesday shows, state news wire MTI reported.
Gross written premiums dropped 4% to HUF 25.8 billion.
Earnings per share came to about HUF 25 for the period.
CIG Pannónia noted in the report that its board decided in November to propose paying out all after-tax profit as dividend, "if the solvency and liquidity situation allows."
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 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.