Insurers' Premiums Revenue Climbs 10% in Q1-Q3

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Hungarian insurers' revenue from premiums rose 10.2% year-on-year to HUF 1.104 trillion in Q1-Q3, data released by the National Bank of Hungary (MNB) on Friday show.

Revenue from premiums on life insurance policies climbed 6.8% to HUF 476 bln. Revenue from premiums on general insurance policies rose 12.9% to HUF 628 bln.

Revenue from premiums on compulsory vehicle insurance increased 7.8% to HUF 213 bln, while revenue from premiums on comprehensive vehicle policies rose 14.9% to HUF 103 bln. Revenue from premiums on farm policies jumped 45.5% to HUF 22 bln.

Insurers' after-tax profit fell 66% to HUF 21 bln during the period.

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