Revenue from premiums on general insurance policies increased by 9% to HUF 157.0 bln. This included HUF 54.9 bln in revenue from premiums on mandatory vehicle insurance policies, which climbed 12%. Revenue from premiums on life insurance policies rose 7% to HUF 118.6 bln.
Payouts on claims were flat at HUF 141.6 bln. Payouts on claims for general insurance policies fell 4% to HUF 50.8 bln, while payouts on life policies edged up 2% to HUF 90.9 bln.
Combined after-tax profits of insurers rose 41% to HUF 22.3 bln in the first quarter.
Hungarian insurersʼ revenues from premiums rose 7% to HUF 984.5 bln in 2017, a separate MTI report said Wednesday.
Revenue from premiums on life insurance policies rose 5% to HUF 477.8 bln last year, while revenue from premiums on general insurance climbed 9% to HUF 506.8 bln. Within the latter, revenue from premiums on mandatory vehicle insurance increased 15% to HUF 150.8 bln.
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