Insurers' premiums revenue rises 10% in Q1
Hungarian insurers' first-quarter revenue from premiums rose 10% year-on-year to HUF 396 billion, Hungarian news agency MTI reports citing data released by the National Bank of Hungary (MNB) on Friday.
Revenue from premiums on life insurance policies climbed 8% to HUF 162 bln. Revenue from premiums on general insurance policies rose 11% to HUF 233 bln.
Revenue from premiums on compulsory vehicle insurance increased 6% to HUF 84 bln, while revenue from premiums on comprehensive vehicle policies rose 13% to HUF 36 bln.
Home insurance policies generated revenue from premiums of HUF 43 bln, up 8%.
Insurers' after-tax profit came to HUF 20 bln for the quarter.
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.