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CIG Pannónia Életbiztosító Nyrt.
CIG Pannonia Life Insurance Plc.
CIG Pannonia share

CIG Pannonia Life Insurance Plc.

  • Introduction
  • Trading data
  • Financials
  • Shareholders, management
  • Publications
  • Product features
  • Research
Full Name CIG Pannonia Life Insurance Plc.
Short name CIG Pannonia Life Insurance Plc.
Sector Insurance
Contact
HU-1033 Budapest, Flórián tér 1.
Phone: +36 1-244-5858
Fax: +36 1-577-2021
Investor Relations
Leila Dr. Al Saidi
Phone: +36-70-372-5138
Fax: -
Auditor Ernst & Young Audit Limited Liability Company (Auditor: Virágh Gabriella)
Business activity The Company was founded at the end of 2007 by well-known and acknowledged public figures and insurance experts from Hungary, its original name was CIG Central European Insurance Company Ltd and started its operation in 2008. In autumn 2010 the Company became a public limited company and since then it operates in Hungary under the name CIG Pannónia Life Insurance Plc. The products and services of the Company offer solutions for the different needs of the clients appearing from the different life situations and also give opportunity for the responsibly thinking employers to take care of their employees. Its leading products are the unit-linked life insurances and the pension insurances but CIG Pannónia also sells traditional life insurance, funeral insurance, endowment and term life insurance products and health insurance. Its subsidiary do non-life insurance business not only in Hungary but also in many European countries through cross border services and focuses only on those niche markets on which it can develop competitive products for clients and able to sell them effectively.
Listed securities of the issuer
Name Ticker ISIN
CIG Pannonia share CIGPANNONIA HU0000170162
Basic Information
Ticker CIGPANNONIA
ISINHU0000170162
Date of listing08 Nov 2010
Currency of tradingHUF
Face Value33 HUF
Number of securities listed94,428,260
Market Capitalisation (HUF million)17,545
P/BV
P/BV* 0.9771
* Calculating based on the capitalisation of the actual series only
Performance
* annualized yield

Key annual data

Audited, consolidated, in compliance with IFRS (Business Year: January 1 - December 31)
20171 20181
(thousand HUF) (thousand HUF)
Total revenues 26,932,551 25,831,606
Operating Profit (EBIT) -4,716,3302 2,301,5472
Net income from financial activities 7,398,2363 39,0523
Profit before tax 2,681,906 2,340,599
Profit after tax 2,598,336 2,054,583
Dividend per (ordinary) share 10 HUF 0 HUF
Fixed Assets 90,562,4324 97,807,3154
Total liabilities 96,614,359 93,384,507
Share capital 2,851,823 3,777,130
Shareholders equity 9,015,085 17,386,763
Total assets 105,629,444 110,776,225
Number of employees (at business year end) 129 127
(1) Audited, consolidated, in compliance with IFRS (Business Year: January 1 - December 31)
(2) Profit before tax - Net income from financial activities
(3) Investment income (expenses) + Change in the fair values +Share of the profit on investments by equity method
(4) Immat.javak+Ing. gépek,berendezések + Értékesítheto püi eszk. + UL életbiztosítások szerzodoi javára végrehajtott befekt. + Püi. eszk. - befektetési szerzodések + Püi. eszk. - beagyazott derivativak+Befekt. közös vez vállalatban

Selected financial ratios

Ratios are based on data submitted by the company
2017 2018
Equity Ratio 10.72 5.37
Return on assets (ROA) 0.29 0.12
Return on equity (ROE) 0.02 0.02

Mid-year reports

Non-audited, consolidated, in compliance with IFRS (Business Year: January 1 - December 31)
Key P&L Figures Jan 2018 - Jun 20181 Jan 2019 - Jun 20191
(thousand HUF) (thousand HUF)
Net sales 11,468,404 13,285,769
Operating profit (EBIT) -175,1692 -440,2832
Net income from financial activities 1,476,5963 -168,3843
Profit before tax 1,301,4274 -509,3554
Profit after tax 1,154,639 -608,667
Key Balance Sheet Items 30 Jun 2018 30 Jun 2019
(thousand HUF) (thousand HUF)
Fixed Assets 99,188,1725 102,879,1725
Intangible Assets 857,389 730,150
Tangible assets 82,917 236,891
Invested financial assets 98,247,8666 101,912,1316
Current Assets 13,132,9967 14,274,5157
Inventory 0 0
Total assets 112,321,168 116,186,646
Shareholders equity 16,936,746 17,955,801
Share capital 3,777,130 3,777,130
Long-term liabilities 88,444,6788 91,295,6408
Short-term liabilities 6,939,7449 6,935,2079
Total liabilities and shareholders equity 112,321,168 116,186,646
(1) Non-audited, consolidated, in compliance with IFRS (Business Year: January 1 - December 31)
(2) Adózott eredmény - pénzügyi tevékenység nettó eredménye
(3) Befektetések bevétele (ráfordítása) + Valós értékváltozás nyeresége (vesztesége)+Közös és társult vállalatok tőkeváltozása (nyereség)
(4) Mérleg szerinti eredmény - Adóráfordítások(bevételek)
(5) Immat.javak+Ing. gépek,berendezések + Értékesítheto püi eszk. + UL életbiztosítások szerzodoi javára végrehajtott befekt. + Püi. eszk. - befektetési szerzodések + Püi. eszk. - beagyazott derivativak+Befekt. közös vez vállalatban
(6) Értékesítheto püi eszk.+ULéletbiztosítások szerzodoi javára végrehajtott befekt.+ Püi eszk. - befekt. szerzodések + Püi. eszk. - beagyazott derivativak+ Befekt. közös vez. vállalatokban
(7) Halasztott szerzési költsgk. + Vb. részesedése a bizttechi. tartalékokból + Közvetlen bizt. szerz. származó és egyéb köv. + Egyéb eszközök és elhat.+pénzeszközök+halasztott adóköv.
(8) Bizt.tech. tartalékok + Bizt.tech. tartalékok az UL életbiztosítás szerzödöi javára + Befekt. szerzodések+Kamatozó részvény kib. szárm. köt.
(9) Kölcsönök és püi. vb. + Kötelezettségek közvetlen bizi. ügyletekbol + Egyéb kötelezettségek és céltartalékok
Shareholders exceeding 5% stake with respect to the listed series
Name Shareholding (%) Share piece
Opus Global Nyrt. 24.85 23,466,020
VINTON Vagyonkezelő Kft. 13.08 12,359,462
Dr. MÓRICZ Gábor 5.29 5,000,000
Note: When determining the Free Float for a particular series, all the securities of the company shall be regarded to be publicly held other than (i) the stock of securities held by holders with direct holdings of at least 5% of the total number of securities, (ii) securities in the possession of custodians, provided the certificate available to the custodian verifies that the particular person holds at least 5% of the total number of securities outstanding. The value of the free float is based on the data provided by the issuer.
Management
Management Board Dr. KIRÁLY Mária (chairman), BARTA Miklós, Dr. KÁDÁR Gabriella, HORVÁTH Gergely Domonkos, Dr. BOGDÁNFFY Péter, Dr. FEDÁK István János
Management Dr. KÁDÁR Gabriella (CEO); BARTA Miklós (deputy CEO)
Supervisory Board Dr. BAYER József (chairman); FEKETE Imréné Gazdag Katalin; PAPP István, Dr. CZAKÓ Erzsébet, BOROS István, VEISZ Ákos, TIMA János
Publication News
17 Feb 2020 15:10 Event calendar regarding the business year 2020:
17 Feb 2020 15:10 Extraordinary announcement on changes in the date of the Annual General Meeting and the quarterly report of the Company
07 Feb 2020 12:22 Extraordinary announcement on the changes in the Supervisory Board of the Company’s subsidiary
03 Feb 2020 14:56 Number of voting rights and the amount of registered capital at CIG Pannonia Life Insurance Plc.
30 Jan 2020 14:58 Extraordinary announcement on the election of the Chairman and Member of the Company’s Supervisory Board
02 Jan 2020 14:10 Number of voting rights and the amount of registered capital at CIG Pannonia Life Insurance Plc.
21 Dec 2019 11:33 Resolutions of the extraordinary General Meeting of CIG Pannónia Life Insurance Plc. held on 21 December 2019
20 Dec 2019 14:00 Announcement on the withdrawal of the proposal concerning item 3 of the Extraordinary General Meeting
19 Dec 2019 17:15 Extraordinary announcement on the changes of the body members in the Board of Directors and the Supervisory Board of CIG Pannonia First Hungarian General Insurance cPlc.
29 Nov 2019 12:52 Number of voting rights and the amount of registered capital at CIG Pannonia Life Insurance Plc.
Publication Report
17 Apr 2019 12:59 Separate financial statements
19 Nov 2019 08:25 Quaterly report On the basis of the consolidated financial statements prepared according to the International Financial Reporting Standards adopted by EU Q3 2019
17 Apr 2019 12:18 Corporate Governance Report
Publication Articles of Association
06 Jul 2018 12:50 The amendment to the Articles of Association of CIG Pannonia Life Insurance Plc. was registered by the Court of Registration
Publication Corporate Action Timetable
17 Feb 2020 15:10 Event calendar regarding the business year 2020:
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Name of securityCIG Pannonia share
IssuerCIG Pannonia Life Insurance Plc.
Equity classOrdinary share
Type of securityRegistered
Form of securityDematerialised
Code of security (ISIN)HU0000170162
Ticker symbolCIGPANNONIA
Face value33 HUF
Number of securities listed94,428,260
Rights to dividendsFull year
Listing date08 Nov 2010
First Trading Day08 Nov 2010
MarketPrime
Trading Unit
Currency of tradingHUF
Trading time
Listing price938