CIG Pannonia - Stepping up
CIG Pannonia posted consolidated after-tax profit of HUF 289 mln for Q3/2021 on
GWP of HUF 5 bln (+12.6% YoY) compared to losses of HUF 428 mln on GWP 4.44
bln in the same period a year earlier. Both life insurance and non-life segments
reported standalone losses due to a significant growth in businesses and thus in
reserves. In the first nine months CIG Pannonia reached consolidated reported aftertax profit of HUF 795 mln on GWP 15.86 bln, up by 6.6% and 16.5% YoY,
respectively.
Concorde Securities Ltd. is Hungary’s leading independent company engaged in investment banking activities. It provides its clients with integrated financial services, including securities trading, research, corporate financing advisory, capital market transactions, wealth management and investment advisory. The operational management of the company is the responsibility of the CEO, while the owners/managers (who control one-third of the company through their shares and options) are in charge of its strategic governance. Concorde Securities Ltd. is a member of the Budapest, Frankfurt, Warsaw and Bucharest stock exchanges, as well as of the Hungarian Association of Investment Service Providers.
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