Annual report 2024
BALANCE SHEET 31 December 2024
| 1 | 0 | 3 | 8 | 9 | 3 | 9 | 5 | 6 | 5 | 1 | 1 | 1 | 1 | 4 | 0 | 1 |
Statistical code
Alfa Vienna Insurance Group Biztosító Zrt.
Assets
HUF million
| Description | Previous year | Current year | |||
| Total | Life | Non-Life | Other, unallocated | Total | |
| a | b | c | d | e | |
| Other, unallocated | 8,618 | 3,788 | 7,020 | 36 | 10,844 |
| B. Investments | 189,253 | 134,684 | 71,583 | 0 | 206,267 |
| I. Real estate | 1,875 | 0 | 1,785 | 0 | 1,785 |
| of which: self-occupied real estate | 1,875 | 0 | 1,785 | 0 | 1,785 |
| II. Investments in affiliated undertakings | 2,545 | 0 | 2,582 | 0 | 2,582 |
| 1. Equity investments in parent companies and subsidiaries | 2,545 | 0 | 2,582 | 0 | 2,582 |
| 2. Debt securities issued by, and loans to, parent company and subsidiaries | 0 | 0 | 0 | 0 | 0 |
| 3. Equity investments in joint companies | 0 | 0 | 0 | 0 | 0 |
| 4. Debt securities issued by, and loans to, joint companies | 0 | 0 | 0 | 0 | 0 |
| III. Other investments | 184,833 | 134,403 | 67,098 | 0 | 201,501 |
| 1. Equity investments in undertakings with which the insurance undertaking is linked by virtue of a significant participating interest | 2,010 | 1,405 | 3,737 | 0 | 5,142 |
| 2. Debt securities (except II/2. and II/4.) | 182,493 | 132,728 | 63,361 | 0 | 196,089 |
| 3. Participation in investment pools | 0 | 0 | 0 | 0 | 0 |
| 4. Loans guaranteed by mortgages (except II/2. and II/4. and III/5.) | 0 | 0 | 0 | 0 | 0 |
| 5. Other loans (except II/2. and II/4. and III/4.) | 330 | 270 | 0 | 0 | 270 |
| 6. Deposits with credit institutions | 0 | 0 | 0 | 0 | 0 |
| 7. Other investments | 0 | 0 | 0 | 0 | 0 |
| IV. Deposits with ceding undertakings | 0 | 0 | 0 | 0 | 0 |
| V. Revaluation of investments | 0 | 0 | 0 | 0 | 0 |
| VI: Investment valuation difference | 0 | 0 | 0 | 0 | 0 |
| VII. Deferred tax asset | 0 | 281 | 118 | 0 | 399 |
| C. Investments for the benefit of unit-linked life insurance policyholders | 93,079 | 118,082 | 0 | 0 | 118,082 |
| D. Debtors | 6,921 | 1,960 | 7,939 | 61 | 9,960 |
| I. Debtors arising out of direct insurance operations | 4,598 | 894 | 4,727 | 0 | 5,621 |
| 1. Policyholders | 4,034 | 865 | 3,754 | 0 | 4,619 |
| of which: a) affiliated undertakings | 0 | 0 | 0 | 0 | 0 |
| b) undertakings with which an insurance undertaking is linked by virtue of significant participating interests | 0 | 0 | 0 | 0 | 0 |
| c) undertakings with which an insurance undertaking is linked by virtue of participating interests | 0 | 0 | 0 | 0 | 0 |
| 2. Claims on insurance intermediaries | 161 | 29 | 143 | 0 | 172 |
| of which: a) affiliated undertakings | 0 | 0 | 0 | 0 | 0 |
| b) undertakings with which an insurance undertaking is linked by virtue of significant participating interests | 0 | 0 | 0 | 0 | 0 |
| c) undertakings with which an insurance undertaking is linked by virtue of participating interests | 0 | 0 | 0 | 0 | 0 |
| 3. Other debtors arising out of direct insurance activity | 403 | 0 | 830 | 0 | 830 |
| of which: a) affiliated undertakings | 0 | 0 | 0 | 0 | 0 |
| b) undertakings with which an insurance undertaking is linked by virtue of significant participating interests | 0 | 0 | 0 | 0 | 0 |
| c) undertakings with which an insurance undertaking is linked by virtue of participating interests | 0 | 0 | 0 | 0 | 0 |
| II. Debtors arising out of reinsurance operations | 654 | 3 | 2,576 | 0 | 2,579 |
| of which: a) affiliated undertakings | 0 | 0 | 1,360 | 0 | 1,360 |
| b) undertakings with which an insurance undertaking is linked by virtue of significant participating interests | 0 | 0 | 0 | 0 | 0 |
| c) undertakings with which an insurance undertaking is linked by virtue of participating interests | 0 | 0 | 0 | 0 | 0 |
| III. Reinsurers’ share of the life assurance reserve | 0 | 0 | 0 | 0 | 0 |
| IV. Other debtors | 1,669 | 1,063 | 636 | 61 | 1,760 |
| of which: a) affiliated undertakings | 338 | 0 | 382 | 61 | 443 |
| b) undertakings with which an insurance undertaking is linked by virtue of significant participating interests | 0 | 0 | 0 | 0 | 0 |
| c) undertakings with which an insurance undertaking is linked by virtue of participating interests | 0 | 0 | 0 | 0 | 0 |
| V. Debtors valuation difference | 0 | 0 | 0 | 0 | 0 |
| VI. Derivatives valuation difference | 0 | 0 | 0 | 0 | 0 |
| E. Other assets | 12,851 | 1,659 | 4,884 | 0 | 6,543 |
| 1. Tangible assets (other than land and buildings), inventories | 2,343 | 198 | 2,319 | 0 | 2,517 |
| 2. Cash at bank and in hand | 10,508 | 1,461 | 2,565 | 0 | 4,026 |
| 3. Repurchased own shares | 0 | 0 | 0 | 0 | 0 |
| 4. Other | 0 | 0 | 0 | 0 | 0 |
| F. Prepayments and accrued income | 12,972 | 9,930 | 6,858 | 0 | 16,788 |
| 1. Accrued interest and rent | 3,296 | 1,905 | 920 | 0 | 2,825 |
| 2. Deferred acquisition costs | 3,484 | 3,605 | 0 | 0 | 3,605 |
| 3. Other prepayments and accrued income | 6,192 | 4,420 | 5,938 | 0 | 10,358 |
| Total assets | 323,694 | 270,103 | 98,284 | 97 | 368,484 |
| Budapest, 15 May 2025 | ……………………………………… Zatykó Péter Chief Executive Officer |
| ……………………………………… Zsigri Gábor Chief Actuary |
……………………………………… Varga Krisztián Chief Accounting Officer |
BALANCE SHEET 31 December 2024
| 1 | 0 | 3 | 8 | 9 | 3 | 9 | 5 | 6 | 5 | 1 | 1 | 1 | 1 | 4 | 0 | 1 |
Statistical code
Alfa Vienna Insurance Group Biztosító Zrt.
Liabilities and equity
HUF million
| Description | Previous year | Current year | |||
| Total | Life | Non-Life | Other, unallocated | Total | |
| a | b | c | d | e | |
| A. Capital and reserves | 39,347 | 15,959 | 23,576 | 97 | 39,632 |
| I. Subscribed capital | 6,374 | 3,633 | 2,741 | 0 | 6,374 |
| of which: repurchased participation at nominal value | 0 | 0 | 0 | 0 | 0 |
| II. Subscribed capital not yet paid up (-) | 0 | 0 | 0 | 0 | 0 |
| III. Capital reserve | 5,472 | 3,119 | 2,353 | 0 | 5,472 |
| IV. Retained earnings (+/-) | 21,743 | 5,595 | 16,232 | 27 | 21,854 |
| V. Restricted reserve | 853 | 456 | 392 | 0 | 848 |
| VI. Revaluation reserve | 0 | 0 | 0 | 0 | 0 |
| 1. Reserve of revaluation | 0 | 0 | 0 | 0 | 0 |
| 2. Reserve of fair value | 0 | 0 | 0 | 0 | 0 |
| Of which: to the policyholders | 0 | 0 | 0 | 0 | 0 |
| VII. Net Profit | 4,905 | 3,156 | 1,858 | 0 | 5,084 |
| B. Subordinated liabilities | 0 | 0 | 0 | 0 | 0 |
| C. Technical provisions | 163,520 | 122,212 | 61,189 | 0 | 183,401 |
| 1. Provision for unearned premiums [a) + b)] | 18,065 | 185 | 21,036 | 0 | 21,221 |
| a) gross amount | 20,736 | 283 | 21,293 | 0 | 21,576 |
| b) reinsurance amount (-) | 2671 | 98 | 257 | 0 | 355 |
| 2. Actuarial provisions | 110,342 | 112,870 | 8,837 | 0 | 121,707 |
| a) life assurance premium provision [aa)+ab)] | 102,810 | 112,870 | 0 | 0 | 112,870 |
| aa). gross amount | 102,810 | 112,870 | 0 | 0 | 112,870 |
| of which: reinsurance amount | 0 | 0 | 0 | 0 | 0 |
| ab). reinsurance amount (risk insurance) (-) | 0 | 0 | 0 | 0 | 0 |
| b) health insurance premium provisions [ba)+bb)] | 0 | 0 | 0 | 0 | 0 |
| ba). gross amount | 0 | 0 | 0 | 0 | 0 |
| bb). reinsurance amount | 0 | 0 | 0 | 0 | 0 |
| c) accident insurance annuity provision | 6 | 0 | 6 | 0 | 6 |
| ca). gross amount | 6 | 0 | 6 | 0 | 6 |
| cb). reinsurance amount (-) | 0 | 0 | 0 | 0 | 0 |
| d) liability insurance annuity provision [da)+db)] | 7,526 | 0 | 8,831 | 0 | 8,831 |
| da). gross amount | 7,833 | 0 | 9,687 | 0 | 9,687 |
| db). reinsurance amount (-) | 307 | 0 | 856 | 0 | 856 |
| 3. Claims outstanding [a)+b)] | 33,374 | 7,587 | 30,777 | 0 | 38,364 |
| a) case by case [aa)+ab)] | 25,852 | 6,743 | 22,731 | 0 | 29,474 |
| aa) gross amount | 29,570 | 6,808 | 28,164 | 0 | 34,972 |
| ab) reinsurance amount (-) | 3,718 | 65 | 5,433 | 0 | 5,498 |
| b) IBNR provision [ba)+bb)] | 7,522 | 844 | 8,046 | 0 | 8,890 |
| ba) gross amount | 8,592 | 871 | 9,728 | 0 | 10,599 |
| bb) reinsurance amount (-) | 1070 | 27 | 1,682 | 0 | 1,709 |
| 4. Premium reimbursement provisions [a)+b)] | 125 | 886 | 40 | 0 | 926 |
| a) Profit-dependent [aa)+ab)] | 35 | 824 | 34 | 0 | 858 |
| aa) gross amount | 35 | 824 | 34 | 0 | 858 |
| ab) reinsurance amount (-) | 0 | 0 | 0 | 0 | 0 |
| b) Profit-independent [ba)+bb)] | 90 | 62 | 6 | 0 | 68 |
| ba) gross amount | 90 | 62 | 6 | 0 | 68 |
| bb) reinsurance amount (-) | 0 | 0 | 0 | 0 | 0 |
| 5. Equalisation provision | 0 | 0 | 0 | 0 | 0 |
| 6. Other provisions [a)+b)+c)] | 1,614 | 684 | 499 | 0 | 1,183 |
| a) Large claims provisions | 0 | 0 | 0 | 0 | 0 |
| b) Cancellation provisions [ba)+bb)] | 913 | 614 | 499 | 0 | 1,113 |
| ba) gross amount | 914 | 614 | 500 | 0 | 1,114 |
| bb) reinsurance amount (-) | 1 | 0 | 1 | 0 | 1 |
| c) Other technical provisions [ca)+cb)] | 701 | 70 | 0 | 0 | 70 |
| ca) gross amount | 701 | 70 | 0 | 0 | 70 |
| cb) reinsurance amount (-) | 0 | 0 | 0 | 0 | 0 |
| D. Technical provisions for unit-linked life assurance policyholders (1+2) | 93,079 | 118,082 | 0 | 0 | 118,082 |
| 1) gross amount | 93,079 | 118,082 | 0 | 0 | 118,082 |
| 2) reinsurance amount (-) | 0 | 0 | 0 | 0 | 0 |
| E. Specific provisions | 2,683 | 3,089 | 1,422 | 0 | 4,511 |
| 1. Provisions for contingent liabilities | 2,604 | 3,022 | 1,422 | 0 | 4,444 |
| 2. Provisions for future expenses | 79 | 67 | 0 | 0 | 67 |
| 3. Other provisions | 0 | 0 | 0 | 0 | 0 |
| F. Deposits received from reinsurers | 0 | 0 | 0 | 0 | 0 |
| G. Creditors | 19,273 | 5,828 | 10,587 | 0 | 16,415 |
| I. Creditors arising out of direct insurance operations | 7,912 | 2,522 | 6,518 | 0 | 9,040 |
| of which: a) affiliated undertakings | 0 | 0 | 0 | 0 | 0 |
| b) undertakings with which an insurance undertaking is linked by virtue of significant participating interests | 0 | 0 | 0 | 0 | 0 |
| c) undertakings with which an insurance undertaking is linked by virtue of participating interests | 0 | 0 | 0 | 0 | 0 |
| II. Creditors arising out of reinsurance operations | 1907 | 36 | 643 | 0 | 679 |
| of which: a) affiliated undertakings | 1103 | 0 | 0 | 0 | 0 |
| b) undertakings with which an insurance undertaking is linked by virtue of significant participating interests | 0 | 0 | 0 | 0 | 0 |
| c) undertakings with which an insurance undertaking is linked by virtue of participating interests | 0 | 0 | 0 | 0 | 0 |
| III. Creditors arising out of bond issues | 0 | 0 | 0 | 0 | 0 |
| of which: a) affiliated undertakings | 0 | 0 | 0 | 0 | 0 |
| b) undertakings with which an insurance undertaking is linked by virtue of significant participating interests | 0 | 0 | 0 | 0 | 0 |
| c) undertakings with which an insurance undertaking is linked by virtue of participating interests | 0 | 0 | 0 | 0 | 0 |
| IV. Credits | 0 | 0 | 0 | 0 | 0 |
| of which: a) affiliated undertakings | 0 | 0 | 0 | 0 | 0 |
| b) undertakings with which an insurance undertaking is linked by virtue of significant participating interests | 0 | 0 | 0 | 0 | 0 |
| c) undertakings with which an insurance undertaking is linked by virtue of participating interests | 0 | 0 | 0 | 0 | 0 |
| V. Other creditors | 9,454 | 3,270 | 3,426 | 0 | 6,696 |
| of which: a) affiliated undertakings | 578 | 90 | 0 | 0 | 90 |
| b) undertakings with which an insurance undertaking is linked by virtue of significant participating interests | 0 | 0 | 0 | 0 | 0 |
| c) undertakings with which an insurance undertaking is linked by virtue of participating interests | 0 | 0 | 0 | 0 | 0 |
| VI. Creditors valuation difference | 0 | 0 | 0 | 0 | 0 |
| VII. Derivatives valuation difference | 0 | 0 | 0 | 0 | 0 |
| VIII. Deferred tax liability | 0 | 0 | 0 | 0 | 0 |
| H. Accruals and deferred income | 5,792 | 4,933 | 1,510 | 0 | 6,443 |
| 1. Accrued income | 2 | 0 | 0 | 0 | 0 |
| 2. Accrued costs and expenditure | 5,783 | 4,933 | 1,503 | 0 | 6,436 |
| 3. Deferred income | 7 | 0 | 7 | 0 | 7 |
| Total liabilities and equity | 323,694 | 270,103 | 98,284 | 97 | 368,484 |
| Budapest, 15 May 2025 | ……………………………………… Zatykó Péter Chief Executive Officer |
| ……………………………………… Zsigri Gábor Chief Actuary |
……………………………………… Varga Krisztián Chief Accounting Officer |
PROFIT AND LOSS ACCOUNT 31 December 2024
| 1 | 0 | 3 | 8 | 9 | 3 | 9 | 5 | 6 | 5 | 1 | 1 | 1 | 1 | 4 | 0 | 1 |
Statistical code
Alfa Vienna Insurance Group Biztosító Zrt.
HUF million
| Description | Previous year, total | Current year, total |
| A) Non-life insurance business | b | b |
| 01. Earned premiums, net of reinsurance | 109,106 | 123,468 |
| a) gross premiums written | 127,430 | 141,876 |
| b) outward reinsurance premiums (-) | 17,934 | 15,250 |
| c) change in the gross provision for unearned premiums (+/-) | 2,873 | 811 |
| d) change in the provision for unearned premiums, reinsurers’ share (+/-) | -2,483 | 2,347 |
| 02. Profit from investments to be returned to policyholders (same as C/06.) | 0 | 0 |
| 03. Other technical income | 427 | 554 |
| 04. Claims incurred | 48,566 | 50,235 |
| a) claims paid and claim settlement expenses | 45,777 | 46,162 |
| aa) claim payments | 42,433 | 42,812 |
| 1. gross amount | 47,310 | 50,687 |
| 2. reinsurers’ share (-) | 4,877 | 7,875 |
| ab) claim settlement expenses | 4,272 | 4,228 |
| ac) income from claim recovery and claim settlement expense reimbursement (-) | 928 | 878 |
| b) changes in the provision for claims outstanding (+/-) | 2,789 | 4,073 |
| ba) case-by-case | 2,186 | 2,865 |
| 1. gross amount | 4,923 | 4,646 |
| 2. reinsurers’ share (-) | 2,737 | 1,781 |
| bb) IBNR | 603 | 1,208 |
| 1. gross amount | 1,649 | 1,834 |
| 2. reinsurers’ share (-) | 1,046 | 626 |
| 05. Changes in actuarial provisions (+/-) | 1,249 | 1,304 |
| a) changes in the health insurance premium provision (+/-) | 0 | 0 |
| aa) gross amount | 0 | 0 |
| ab) reinsurers’ share (-) | 0 | 0 |
| b) changes in the accident insurance annuity provision (+/-) | 0 | 0 |
| ba) gross amount | 0 | 0 |
| bb) reinsurers’ share (-) | 0 | 0 |
| c) changes in the liability insurance annuity provisions (+/-) | 1,249 | 1,304 |
| ca) gross amountg | 1,144 | 1,853 |
| cb) reinsurers’ share (-) | -105 | 549 |
| 06. Changes in the profit-dependent and profit-independent premium reimbursement provisions (+/-) | 0 | -1 |
| a) profit-dependent premium reimbursement provisions (+/-) | 0 | 0 |
| aa) gross amount | 0 | 0 |
| ab) reinsurers’ share (-) | 0 | 0 |
| b) profit-independent premium reimbursement provisions (+/-) | 0 | -1 |
| ba) gross amount | 0 | -1 |
| bb) reinsurers’ share (-) | 0 | 0 |
| 07. Changes in the equalisation provision (+/-) | 0 | 0 |
| 08. Changes in other technical provisions (+/-) | 75 | -582 |
| a) large claim provisions | 0 | 0 |
| b) cancellation provisions | 88 | 41 |
| ba) gross amount | 88 | 41 |
| bb) reinsurers’ share (-) | 0 | 0 |
| c) Changes in other technical provisions (+/-)) | -13 | -623 |
| ca) gross amount | -13 | -623 |
| cb) reinsurers’ share (-) | 0 | 0 |
| 09. Net operating expenses | 36,585 | 43,009 |
| a) acquisition costs incurred in the financial year | 25,719 | 28,897 |
| b) change in deferred acquisition costs (+/-) | 0 | 0 |
| c) administrative expenses (except investment costs) | 13,571 | 16,547 |
| d) reinsurance commissions and profit participation (-) | 2,705 | 2,435 |
| 10. Other technical charges | 29,034 | 32,326 |
| A) INSURANCE TECHNICAL PROFIT (01+02+03-04-05-06-07-08-09-10) | -5,976 | -2,269 |
| Description | Previous year, total | Current year, total |
| B) Life assurance business | b | b |
| 01. Earned premiums, net of reinsurance | 58,220 | 68,247 |
| a) gross premiums written | 58,506 | 68,529 |
| b) outward reinsurance premiums (-) | 239 | 284 |
| c) change in the provision for unearned premiums (+/-) | 61 | 29 |
| d) change in the provision for unearned premiums, reinsurers’ share (+/-) | -14 | -31 |
| 02. Technical income from investments | 6,015 | 6,518 |
| a) income from participating interests | 0 | 0 |
| of which: derived from affiliated undertakings | 0 | 0 |
| b) income from other investments | 4,847 | 4,947 |
| of which: derived from affiliated undertakings | 0 | 0 |
| ba) income from tangible assets related to the insurance portfolio | 0 | 0 |
| bb) interest received and interest type income | 4,847 | 4,947 |
| c) gains on the realisation of investments, other investment income | 1,168 | 1,571 |
| d) allocated investment return transferred from life assurance (same as C/05.) (-) | 0 | 0 |
| 03. Unrealised gains on investments | 18,987 | 15,246 |
| Of which: valuation difference | 0 | 0 |
| 04. Other technical income | 36 | 28 |
| 05. Claims incurred | 26,214 | 30,260 |
| a) claims paid and claim settlement expenses | 25,244 | 29,344 |
| aa) claims paid | 24,901 | 29,006 |
| 1. gross amount | 24,985 | 29,174 |
| 2. reinsurers’ share (-) | 84 | 168 |
| ab) claim settlement expenses | 353 | 364 |
| ac) income from claim recoveries and claim settlement expense reimbursement (-) | 10 | 26 |
| b) change in the provisions for claims outstanding (+/-) (case-by-case, IBNR) | 970 | 916 |
| ba) case-by-case | 997 | 756 |
| 1. gross amount | 994 | 755 |
| 2. reinsurers’ share (-) | -3 | -1 |
| bb) IBNR | -27 | 160 |
| 1. gross amount | -25 | 172 |
| 2. reinsurers’ share (-) | 2 | 12 |
| 06. Change in actuarial provisions (+/-) | 10,147 | 10,061 |
| a) change in the life assurance premium provision (+/-) | 10,147 | 10,061 |
| aa) gross amount | 10,147 | 10,061 |
| ab) reinsurers’ share (risk insurance) (-) | 0 | 0 |
| b) change in the health insurance premium provision (+/-) | 0 | 0 |
| ba) gross amount | 0 | 0 |
| bb) reinsurers’ share (-) | 0 | 0 |
| c) change in the accident insurance annuity provision (+/-) | 0 | 0 |
| ca) gross amount | 0 | 0 |
| cb) reinsurers’ share (-) | 0 | 0 |
| 07. Change in the profit-dependent and profit-independent premium reimbursement provision (+/-) | 21 | 803 |
| a) profit-dependent premium reimbursement provisions (+/-) | 0 | 824 |
| aa) gross amount | 0 | 824 |
| ab) reinsurers’ share (-) | 0 | 0 |
| b) profit-independent premium reimbursement provisions (+/-) | 21 | -21 |
| ba) gross amount | 21 | -21 |
| bb) reinsurers’ share (-) | 0 | 0 |
| 08. Change in the equalisation provision (+/-) | 0 | 0 |
| 09. Change in other technical provisions (+/-) | 111 | 151 |
| a) large claims provisions | 0 | 0 |
| b) change in cancellation technical provisions (+/-) | 119 | 160 |
| ba) gross amount | 119 | 160 |
| bb) reinsurers’ share (-) | 0 | 0 |
| c) change in other technical provisions (+/-) | -8 | -9 |
| ca) gross amount | -8 | -9 |
| cb) reinsurers’ share (-) | 0 | 0 |
| 10. Change in UL technical provisions (+/-) | 19,400 | 25,003 |
| a) gross amount | 19,400 | 25,003 |
| b) reinsurers’ share (-) | 0 | 0 |
| 11. Net operating expenses | 14,112 | 15,381 |
| a) acquisition costs incurred in the financial year | 9,994 | 10,824 |
| b) change in deferred acquisition costs (+/-) | -312 | -120 |
| c) administrative expenses (except investment costs) | 4,430 | 4,688 |
| d) reinsurance commissions and profit participation (-) | 0 | 11 |
| d) reinsurance commissions and profit participation (-) | 692 | 829 |
| a) operating and maintenance charges on investments, including interests paid and interest type expenditure | 470 | 606 |
| b) value adjustment on investments, value re-adjustments on investments (+/-) | 0 | 0 |
| c) losses on the realisation of investments, other investment expenditure | 222 | 223 |
| 13. Unrealised losses on investments | 5,550 | 2,517 |
| Of which: valuation difference | 0 | 0 |
| 14. Other technical charges | 3,220 | 3,125 |
| B) INSURANCE TECHNICAL PROFIT (01+02+03+04-05-06-07-08-09-10-11-12-13-14) | 3,791 | 1,909 |
| Description | Previous year total | Current year total |
| C) Non-technical accounts | 7,489 | 5,805 |
| 01. Dividends and profit sharing received | 1,900 | 2,000 |
| of which: derived from affiliated undertakings | 1,900 | 2,000 |
| of which: revaluation difference | 0 | 0 |
| 02. Interest received and interest type incomes | 6,301 | 4,772 |
| of which: derived from affiliated undertakings | 0 | 0 |
| 03. Income from tangible assets related to the insurance portfolio | 313 | 324 |
| 04. Gains on the realisation of investments, other investment income | 3,321 | 4,355 |
| 05. Allocated investment return transferred from life assurance (same as B/02/d)) | 0 | 0 |
| 06. Profit from investment to be returned to policyholders (-) (same as A/02.) | 0 | 0 |
| 07. Operating and maintenance charges on investments, including interest paid and interest type expenditure | 470 | 469 |
| of which: revaluation difference | 0 | 0 |
| 08. Value adjustments and re-adjustments on investments (+/-) | 234 | 464 |
| 09. Losses on the realisation of investments, other investment expenditure | 786 | 401 |
| 10. Other income | 2,555 | 2,495 |
| 11. Other expenditure | 5,411 | 6,807 |
| D) ORDINARY PROFIT FROM OPERATIONS (+/-A+/-B+01+02+03+04+05-06-07-08-09+10-11) | 5,304 | 5,445 |
| 12. Extraordinary income | 0 | 0 |
| 13. Extraordinary expenditure | 0 | 0 |
| 14. Extraordinary profit (12-13) | 0 | 0 |
| E) PROFIT BEFORE TAXATION (+/-D+/-14) | 5,304 | 5,445 |
| 15. Tax liability | 399 | 560 |
| 115/1 Deferred tax | 0 | -199 |
| F) NET PROFIT (+/-E-15) | 4,905 | 5,084 |
| Budapest, 15 May 2025 | ……………………………………… Zatykó Péter Chief Executive Officer |
| ……………………………………… Zsigri Gábor Chief Actuary |
……………………………………… Varga Krisztián Chief Accounting Officer |