Hungarian insurers' premiums revenue up 7% in Q1

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Revenue from premiums of Hungarian insurers rose 7% year-on-year to HUF 360.3 billion in the first quarter, news agency MTI reports, citing data released by the National Bank of Hungary (MNB) on Friday.

Revenue from premiums on life insurance policies climbed 10% to HUF 150 bln. Revenue from premiums on general insurance policies rose 5% to HUF 210.3 bln.

Revenue from premiums on compulsory vehicle insurance edged up 2% to HUF 79.4 bln. Revenue from premiums on comprehensive vehicle insurance increased 6% to HUF 31.5 bln.

Home insurance policies brought in HUF 40 bln of revenue from premiums, up 7%.

Insurers' after-tax profit came to HUF 22.7 bln for the quarter.

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