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Company profiles
CIG Pannonia Life Insurance Plc.
Full name CIG Pannonia Life Insurance Plc.
Short name CIG Pannonia Life Insurance Plc.
Sector Insurance
Contact 1033 Budapest, Flórián tér 1.www.cig.eu
Investor relations dr. Lódi Kata
investor [pont] relations [kukac] cig [pont] eu
Auditor KPMG Hungary
Business activity
The Issuer 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 upon death and supplemental accident insurance both of which may be chosen with certain other insurance products are also on the products palette of the Issuer. The Issuer conducts business - hence the sale of life insurance products linked to investments denominated in Euros - in Romania through its branch and as a passported company, by way of cross border activity in Slovakia.
Listed securities of the issuer
CIG Pannonia share
Ticker CIGPANNONIA
ISIN HU0000097738
Date of listing 08 Nov 2010
Face value 40 HUF
Number of securities listed 63,283,203
Market capitalisation (HUF million) 14,302
Currency of trade HUF
Last price 225
Relative change in price -0.44%
Absolute change in price -1
Number of shares in last trade 399
Bid-ask price 225 /
Bid-ask volume 101 /
Last closing price (date / price) 21 May 2013 / 226
Opening price 226
Average price 228.9922
Daily maximum 234
Daily minimum 225
Annual highest 339
Annual lowest 180
Total daily turnover (number) 38,148
Total daily turnover in HUF 8,735,593
Number of trades 39
Period Total daily turnover in HUF Average price
5-day 9,608,748 229.5887
30-day 25,902,011 221.1749
180-day 18,431,902 216.6985
Liquidity measure 30-day average
Bid-ask spread 1.75 %
BLM (EUR 20,000) 14.04 %
BLM (EUR 100,000) 47.04 %
CIG Pannonia Life Insurance Plc.
Audited, consolidated, in compliance with IFRS (Business Year: January 1 - December 31)
2011 2012
(thousand HUF) (thousand HUF)
Total revenues 27,196,121 24,698,912
Operating profit (EBIT) -2,023,699 1 -3,846,853 1
Net income from financial activities -2,028,446 2 1,124,051 2
Profit before tax -4,052,145 -2,722,802
Profit after tax -4,052,242 -2,723,554
Dividend per (ordinary) share 0.00 HUF 0.00 HUF
Fixed assets 30,677,651 3 41,965,644 3
Total liabilities 37,668,369 48,083,155
Share capital 2,531,328 2,531,328
Shareholders' equity 4,184,536 1,851,805
Total assets 41,852,905 49,934,960
Number of employees (at business year end) 155 156
(1)
Profit before tax - Net income from financial activities
(2)
Investment income (expenses) - Gains (losses) from fair value changes
(3)
Intangible assets + Propert
Selected financial ratios
Ratios are based on data submitted by the company
2011 2012
Equity ratio 9.00 25.96
Return on assets (ROA) -0.97 -1.47
Return on equity (ROE) -0.10 -0.05
Non-audited, consolidated, in compliance with IFRS (Business Year: January 1 - December 31)
Key P&L Figures Jan 2011 - Dec 2011 Jan 2012 - Dec 2012
(thousand HUF) 10 (thousand HUF)
Net sales 27,196,121 10 24,698,912
Operating profit (EBIT) -2,023,698 11 -3,824,083 1
Net income from financial activities -2,028,446 2 1,097,558 2
Profit before tax -4,052,144 3 -2,726,525 3
Profit after tax -4,052,241 4 -2,727,277 4
Key Balance Sheet Items 31 Dec 2011 31 Dec 2012
(thousand HUF) 10 (thousand HUF)
Fixed assets 30,685,391 12 42,076,511 5
Intangible assets 743,760 1,050,997
Tangible assets 223,528 149,966
Invested financial assets 29,718,103 13 40,875,548 6
Current assets 11,167,514 14 7,960,526 7
Inventory 0 0
Total assets 41,852,905 50,037,037
Shareholders' equity 4,184,536 1,848,083
Share capital 2,531,328 2,531,328
Long-term liabilities 29,454,168 16 41,432,800 8
Short-term liabilities 8,214,201 17 6,756,154 9
Total liabilities and shareholders' equity 41,852,905 50,037,037
(1)
Profit before tax - Net income from financial activities
(2)
Investment income (expenses) - Change in the fair value of liabilities relating to investment contracts
(3)
Balance sheet profit - Administration cost
(4)
Balance sheet profit
(5)
Intangible assets + Property, plant and equipment + Available
(6)
Available-for-sale fin. assets + Investm. + Investm. for policyholders of ULlife insurance policies + Fina
(7)
DAC + Reinsurers share of technical reserves + Receivables from direct insurance p. and other receivables
(8)
Technical reserves + Technical reserves for policy holders of UL life insurances + Investment contracts
(9)
Loans and financial reinsurance + Liabilities from direct insurance + Other liabilities and provisions
(10)
Insurance premiums
(11)
Profit before tax - Net income from financial activities
(12)
Inta
(13)
Available-for-sale financial assets + Inve
(14)
Defe
(15)
Totali liabilities + Total shareholders equity
(16)
Technical reserves + Technical reserves for policy holders of unit-linked life in
(17)
Loans and financial reinsurance Liabilities from direct insurance Other liabilities and provisions
CIG Pannonia share
Shareholders exceeding 5% stake
Name Shareholding (%) Number of shares
VINTON Vagyonkezelő Kft. 13.50 8,542,751
Free Float
86.5%
Last update: 22 Apr 2013
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.
Management Board Dr. CSURGÓ Ottó (chairman), BARTA Miklós, BIRKÁS Balázs, Dr. KÁDÁR Gabriella
Management Dr. CSURGÓ Ottó (CEO); BARTA Miklós (CFO); Dr. KÁDÁR Gabriella (CSO), BIRKÁS Balázs (COO)
Supervisory Board JÁRAI Zsigmond (chairman); Dr. ASZTALOS László György; Dr. BAYER József; FEKETE Imréné Gazdag Katalin; ORMÁNDI Sándor; PREISINGER Béla; SOLYMÁR Attila Tamás
Last update: 08 May 2013
CIG Pannonia Life Insurance Plc.
Note: Publications of this issuer are available in Hungarian only.
CIG Pannonia share
Name of security CIG Pannonia share
Issuer CIG Pannonia Life Insurance Plc.
Equity class Ordinary share
Type of security Registered
Form of security Dematerialised
Code of security (ISIN) HU0000097738
Ticker symbol CIGPANNONIA
Face value 40 HUF
Number of securities listed 63,283,203
Rights to dividends Full year
Listing date 08 Nov 2010
First trading day 08 Nov 2010
Exchange category A
Trading unit
Currency of trading HUF
Tick 1
Trading time
Listing price 938
