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Hungary
Company data displayed is for sample purposes only and may not reflect the most current information available on Emerging Markets Information Service (EMIS).

CIG Pannonia Eletbiztosito Nyrt.

Main Activities: Insurance Carriers

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Company Information

Full name
CIG Pannonia Eletbiztosito Nyrt.

Previous name(s)
CIG Közép-európai Biztosító Zrt. (2010)

Headquarters
Flórián tér 1.; Budapest; Budapest; 1033
Status: Listed
Legal Form: Public Limited Company
Operational Status: Operational
Tax ID: 14153730444
TORZSSZAM: 14153730
ISIN CODE : HU0000097738
Financial Auditors: KPMG (2012)
Total Employees: 113

Tel: +36 1 465-8859

Company Description

CIG Pannonia Nyrt. was established with the aim to carry out insurance activities and activities auxiliary to financial services. At present, the Issuer is engaged in the life insurance business in Hungary, Romania and Slovakia. The leading product offered by the Issuer in Hungary is unit-linked life insurance. The Issuer also offers several types of traditional life insurance products, insurance products covering funeral expenses, risk and mixed insurance products to its customers. Fee payment assumption
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Company Analysis

According to the Consolidated - Non-Audited financial statement for the first three cumulated quarters of 2012, total net operating revenues decreased with -13.36%, from HUF 19,647 millions to HUF 17,023 millions. Operating result decreased from HUF -2,326 millions to HUF -3,041 millions which means -30.74% change. Return on equity (Net income/Total equity) went from 0.00% to 0.00%, the Return On Asset (Net income / Total Asset) went from 0.00% to 0.00% and the Net Profit Margin (Net Income/Net Sales) went from 0.00% to 0.00% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 2964.02% compared to 536.01% of last year.

Key Executives

Bela Horvath Chairman of the Board of Directors
Zsigmond Jarai Chairman of the Supervisory Board
Dr. Jozsef Bayer Vice-chairman of the Supervisory Board
Ottó Csurgó Chief Executive Officer
Zsolt Kelemen Deputy CEO and CFO

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Balance Sheet

Total Assets

49,934,960

45,899

Total Liabilities

48,083,155

44,401

Shareholders Equity

1,851,805

1,498

* All the accounts are in HUF.
Income Statement

Total Operating Revenue

26,376,797

17,023

Operational Profit (Loss)

-2,722,802

-3,041

* All the accounts are in HUF.
Ratios
Valuation figures and ratios

Earning Before Interests and Taxes (EBIT)

-2,722,802

-3,041

Bookvalue (BV)

800,808

4,101

Leverage Ratios

Leverage ratio

2,696.56%

3,064.02%

Debt to equity

2,596.56%

2,964.02%

Debt to total assets

96.29%

96.74%