CIG Pannónia Life Insurance Plc. (Registered seat: 1033 Budapest, Flórián tér 1; company registry number: Cg.01-10-045857; hereinafter: the “Company”) hereby notifies its shareholders and the capital market participants that the CIG Pannonia First Hungarian General Insurance cPlc (hereinafter referred to as: EMABIT), 100% subsidiary of the Company dealing with non-life insurance was obligated by the Hungarian National Bank to prepare a recovery plan. In the abovementioned plan to be prepared within two months, the level of solvency capital shall be set at the level covering the needs, or the risk exposure of the subsidiary shall be reduced. 

With a five per cent increase in premium revenue, the after-tax result was a 610 MHUF loss, while the total comprehensive income was a profit of 416 MHUF. The results were due to the one-off effect of Konzum Plc's merger with OPUS Plc and the reserves created for the expected claims payments to some large Italian surety insurances , according to CIG Pannónia Life Insurance Plc’s half-yearly flash report.

The 6.278 BHUF premium revenue in the first three months may be attributed to the 10 per cent increase in the non-life business, and the invigorated demand for pension, health and group insurance, states the Q1 Interim Stock Exchange Report of CIG Pannónia Life Insurance Plc.

The last year’s annual premium revenue was 25.832 BHUF – announces the Q4 stock exchange preliminary report of CIG Pannónia Life Insurance Plc.

With more than 17 BHUF in premium revenue, the profit per share is 19 HUF – states CIG Pannónia Life Insurance plc’s Q3 stock exchange report.

With nearly BHUF 11.5 in premium income, the profit per share is HUF 15.1, reported CIG Pannonia Life Insurance Plc. in its Q2 results report.