Insurers' Premium Revenue up 6% in 2023
Hungarian insurers' revenue from premiums rose 6% to HUF 1.509 trillion in 2023, according to data released by the National Bank of Hungary (MNB) on its website.
Revenue from premiums on life insurance policies rose 6% to HUF 571 billion. Revenue from premiums on general insurance policies climbed 15% to HUF 938 bln.
Revenue from premiums on compulsory vehicle insurance increased 12% to HUF 307 bln, while revenue from premiums on comprehensive vehicle policies rose 21% to HUF 164 bln.
The revenue from premiums on home policies increased 15% to HUF 191 bln. Insurers' after-tax profit fell 40% to HUF 21 bln during the period.
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