CIG Pannónia Premium Revenue Climbs 37% in H1
Photo by CIG Pannónia
First-half gross written premiums of listed insurer CIG Pannónia rose 37% year-on-year to HUF 15 billion, state news wire MTI writes, citing an earnings report released on Monday.
CIG Pannónia said premiums growth of comprehensive vehicle insurance for corporate fleets was over HUF 1 bln, while revenue from premiums for unit-linked policies increased more than HUF 1.1 bln and climbed close to HUF 1.2 bln for industrial property policies.
Growth was supported by the relaunch of CIG Pannónia's general insurance business EMABIT.
Net earned premiums climbed 22% to HUF 13.2 bln.
CIG Pannónia booked an after-tax profit of HUF 0.6 bln in H1, up 27% from the base period.
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