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K&H sees HUF 19.7 bln revenue on premiums in Q1

Telco

Revenue from premiums on K&Hʼs general insurance policies saw a quarter-to-quater rise of 15.7%, reaching HUF 19.7 bln in Q1, deputy-CEO for the segment Attila Kaszab said yesterday.

The increase was well over the 7.1% expansion of the market as a whole, Kaszab said, adding that revenue from premiums on mandatory vehicle insurance policies rose 22.7% to HUF 13.2 bln.

Revenue from home insurance premiums rose 8.3% to HUF 3.1 bln, premiums from non-mandatory vehicle insurance increased by 1.4% to HUF 1.9 bln and SME insurance premiums by 2.6% to HUF 1 bln, the CEO added.

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