BUDAPEST: CIG Pannonia saw a year-on-year rise of 10% on its gross revenue in the first quarter from premiums, reaching HUF 4.1 billion, the insurer said in an earnings report today.
Gross revenue from premiums of CIG Pannoniaʼs general insurance business reached HUF 971 million, while payouts on claims rose by 11% to HUF 2.3 billion. Operating costs were down 9% at HUF 1.3 billion.
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