CIG Pannónia Life Insurance revenues edge up in 2016
CIG Pannónia Life Insuranceʼs net revenues from premiums edged up 1% to HUF 15.8 billion in 2016, an earnings report released Tuesday shows, according to Hungarian news agency MTI.
Investment income jumped by a factor of six to HUF 4.1 bln, but investment costs, changes in reserves and benefits rose nearly one third to HUF 14.5 bln.
After-tax profit slipped 22% to HUF 0.7 bln.
CIG said its most important tasks for 2017 are complying with new regulations affecting life insurance and integrating the MKB Insurance units it acquired from Versicherungskammer Bayern late last year.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.