Signal Insurance revenue from premiums rises 28%
Signal Insurance's revenue from premiums rose 28% to HUF 17.7 billion last year, chairman-CEO Tamás Kalózdi said in Budapest on Tuesday.
Revenue from premiums on unit-linked life insurance rose to HUF 8.2 billion from about HUF 5 billion. General insurance generated HUF 6 billion of revenue from premiums, up from HUF 5 billion.
Signal Insurance projects a 30% increase in revenue from premiums in 2014, Kalózdi said. He noted that Signal Insurance is now one of the top ten insurance companies in Hungary.
Signal Insurance's revenue from premiums climbed 36.4% to HUF 5.9 billion in the first quarter from the same period a year earlier. At the same time, the market as a whole contracted by 1.6%.
Czech Economic Sentiment Hits 1-year High
Chinese President to Visit Budapest in May
Hungarian Gen Z Auto-buyers Prioritize Affordability
Liz & Chain Rooftop Bar Debuts Sustainable Cocktails
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
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.
