CIG Pannonia Life Insurance Plc.

Introduction
Trading data
Financials
Shareholders, management
Publications
Product features
Research

Full Name

Short name

CIG Pannonia Life Insurance Plc.

Sector

Insurance

Contact

HU-1097 Budapest, Könyves Kálmán krt. 11. B épület

Phone: +36 70 372 5138

Fax: +36 1 247 2021

Web: www.cig.eu

Investor Relations

Gábor Dr. Dakó

E-mail: investor.relations@cig.eu

Phone: +36 70 372 5138

Fax: +36 1 247 2021

Auditor

MAZARS Könyvszakértő és Tanácsadói Korlátolt Felelősségű Társaság (Auditor: Molnár Andrea Kinga)

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	HU0000180112

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Basic Information
Ticker	CIGPANNONIA
ISIN	HU0000180112
Date of listing	08 Nov 2010
Currency of trading	HUF
Face Value	33 HUF
Number of securities listed	94,428,260
Market Capitalisation (HUF million)	26,440

P/BV
P/BV*	2.9577

* 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)

	2020¹	2021¹
	(thousand HUF)	(thousand HUF)
Total revenues	19,319,768	22,080,234
Operating Profit (EBIT)	-3,541,488²	-10,147,521²
Net income from financial activities	4,449,372³	11,829,395³
Profit before tax	907,884	1,779,704
Profit after tax	660,085	1,681,874
Dividend per (ordinary) share	0 HUF	18 HUF
Fixed Assets	107,152,300⁴	1,013,289⁴
Total liabilities	98,802,927	114,615,753
Share capital	3,116,133	3,116,133
Shareholders equity	13,894,055	13,168,536
Total assets	112,696,982	127,784,290
Number of employees (at business year end)	101	174

(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 +Használatijog-eszközök+ Értékesítheto püi eszk. + UL életbiztosítások szerzodoi javára végrehajtott befekt. + Püi. eszk. - befektetési szerzodések + Püi. eszk. - beagyazott derivativak+Befekt. közös vez vállalatban

Download in Excel format Latest Annual Report

Selected financial ratios

Ratios are based on data submitted by the company

	2020	2021
Equity Ratio	7.11	8.7
Return on assets (ROA)	0.05	0.13
Return on equity (ROE)	0.01	0.01

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Mid-year reports

Non-audited, consolidated, in compliance with IFRS (Business Year: January 1 - December 31)

Key P&L Figures	Jan 2021 - Jun 2021¹	Jan 2022 - Jun 2022¹
	(thousand HUF)	(thousand HUF)
Net sales	10,830,399	14,979,208
Operating profit (EBIT)	²	3,854,553²
Net income from financial activities	³	-3,209,905³
Profit before tax	624,484⁴	755,078⁴
Profit after tax	505,367	644,648

Key Balance Sheet Items	30 Jun 2021	30 Jun 2022
	(thousand HUF)	(thousand HUF)
Fixed Assets	113,989,835⁵	115,737,140⁵
Intangible Assets	532,824	908,110
Tangible assets	578,882	658,367
Invested financial assets	112,878,129⁶	114,170,663⁶
Current Assets	5,273,070⁷	8,567,870⁷
Inventory		0
Total assets	119,262,904	124,305,009
Shareholders equity	13,682,899	8,939,481
Share capital	3,116,133	3,116,133
Long-term liabilities	102,143,042⁸	109,774,702⁸
Short-term liabilities	3,436,965⁹	5,590,827⁹
Total liabilities and shareholders equity	119,262,904	115,365,528

(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 + Használati-jog eszk+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) Értékesítésre tartott eszközök

(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+ Lízing kötelezettségek+ Tőketulajdonosokkal szembeni köt.+Megszüntett tev. Köt

Download in Excel format Latest half-yearly/quarterly report

Shareholders exceeding 5% stake with respect to the listed series
Name	Shareholding (%)	Share piece
Hungarikum Biztosítási Alkusz Zrt.	58.34	55,085,487
Free Float: 41.66%	Last update: 08 Mar 2023
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 more than 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 more than 5% of the total number of securities outstanding belonging to the series. The value of the free float is based on the data provided by the issuer.

Management
Management Board	Dr. FEDÁK István , Dr. BOGDÁNFFY Péter, ÓDORNÉ ANGYAL Zsuzsanna, Dr. DAKÓ Gábor
Management	dr. FEDÁK István (CEO), dr. DAKÓ Gábor Miklós (Deputy CEO), SZŰCS Árpád (Deputy CEO), KŐRÖSI Zoltán (Deputy CEO), KÓKA Antal (Deputy CEO), dr. KOZMA Dávid (Deputy CEO)
Supervisory Board	TIMA János (chairman), VADA Erika, GINZER Ildikó
	Last update: 01 Feb 2023

Publication	News
31 Mar 2023 09:23	Number of voting rights and the amount of registered capital at CIG Pannonia Life Insurance Plc.
29 Mar 2023 23:36	Number of voting rights, share capital of CIG Pannónia Life Insurance Company Plc, sample proxy for general meeting_20230329
29 Mar 2023 17:30	Proposals related to the agenda items of the Annual General Meeting of CIG Pannónia Life Insurance Plc. to be held on 19 April 2023
21 Mar 2023 16:30	Information on the change of Investor Relations person
17 Mar 2023 10:44	NOTICE OF INVITATION TO THE GENERAL MEETING
09 Mar 2023 13:16	EXTRAORDINARY INFORMATION - on the provision of property and liability insurance services for National Sports Agency Nonprofit cPlc
07 Mar 2023 17:20	Other Information on notified changes in voting shares below the threshold
28 Feb 2023 11:21	Number of voting rights and the amount of registered capital at CIG Pannonia Life Insurance Plc.
28 Feb 2023 07:00	CIG Pannonia Life Insurance Plc. - Quarterly Report Q4 2022
10 Feb 2023 11:10	EXTRAORDINARY INFORMATION on the decision made in the consumer protection procedure conducted by the Central Bank of Hungary

Publication	Report
25 Apr 2022 17:31	CIG Pannonia Life Insurance Plc. - Annual Report in ESEF format
28 Feb 2023 07:00	CIG Pannonia Life Insurance Plc. - Quarterly Report Q4 2022
29 Apr 2022 17:03	Corporate Governance Report for the year 2021

Publication	Articles of Association
30 Jun 2022 12:11	A CIG Pannónia Életbiztosító Nyrt. Cégbíróság által bejegyzett Alapszabálya

Publication	Voting rights, registered capital
31 Mar 2023 09:23	Number of voting rights and the amount of registered capital at CIG Pannonia Life Insurance Plc.

Publication	Corporate Action Timetable
30 Dec 2022 17:05	Event calendar of CIG Pannonia Life Insurance Plc for the year 2023

Further publications by the issuer Further publications of issuers

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)	HU0000180112
Ticker symbol	CIGPANNONIA
Face value	33 HUF
Number of securities listed	94,428,260
Rights to dividends	Full year
Listing date	08 Nov 2010
First Trading Day	08 Nov 2010
Market	Prime
Trading Unit
Currency of trading	HUF
Trading time
Listing price	938

Publication	Research
06 Mar 2023 09:17	Quarterly update of CIG Pannonia Life Insurance Plc. by Concorde Securities Ltd. (03.03.2023.)
23 Nov 2022 17:01	Quarterly update of CIG Pannonia Life Insurance Plc. by Concorde Securities Ltd. (23.11.2022.)
29 Aug 2022 11:26	Quarterly update of CIG Pannonia Life Insurance Plc. by Concorde Securities Ltd. (29.08.2022.)
18 May 2022 13:11	Quarterly update of CIG Pannonia Life Insurance Plc. by Concorde Securities Ltd. (18.05.2022.)
24 Feb 2022 09:55	Quarterly update of CIG Pannonia Life Insurance Plc. by Concorde Securities Ltd. (23.02.2022.)
18 Nov 2021 12:35	Quarterly update of CIG Pannonia Life Insurance Plc. by Concorde Securities Ltd. (18.11.2021.)
17 Aug 2021 17:30	Quarterly update of CIG Pannonia Life Insurance Plc. by Concorde Securities Ltd. (17.08.2021.)
19 May 2021 09:18	Quarterly update of CIG Pannonia Life Insurance Plc. by Concorde Securities Ltd. (18.05.2021.)
23 Feb 2021 15:46	Quarterly update of CIG Pannonia Life Insurance Plc. by Concorde Securities Ltd. (23.02.2021.)
18 Nov 2020 17:06	Quarterly update of CIG Pannonia Life Insurance Plc. by Concorde Securities Ltd. (18.11.2020.)