Annual report 2025
BALANCE SHEET 31 December 2025
| 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 | |
| A. Intangible assets | 10.844 | 3.892 | 7.066 | 36 | 10.994 |
| B. Investments | 206.267 | 144.065 | 77.759 | 0 | 221.824 |
| I. Real estate | 1.785 | 0 | 1.679 | 0 | 1.679 |
| of which: self-occupied real estate | 1.785 | 0 | 1.679 | 0 | 1.679 |
| II. Investments in affiliated undertakings | 2.582 | 0 | 2.120 | 0 | 2.120 |
| 1. Equity investments in parent companies and subsidiaries | 2.582 | 0 | 2.100 | 0 | 2.100 |
| 2. Debt securities issued by, and loans to, parent company and subsidiaries | 0 | 0 | 20 | 0 | 20 |
| 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 | 201.501 | 143.827 | 73.892 | 0 | 217.719 |
| 1. Equity investments in undertakings with which the insurance undertaking is linked by virtue of a significant participating interest | 5.142 | 1.585 | 3.445 | 0 | 5.030 |
| 2. Debt securities (except II/2. and II/4.) | 196.089 | 142.014 | 70.447 | 0 | 212.461 |
| 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.) | 270 | 228 | 0 | 0 | 228 |
| 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 | 399 | 238 | 68 | 0 | 306 |
| C. Investments for the benefit of unit-linked life insurance policyholders | 118.082 | 142.067 | 0 | 0 | 142.067 |
| D. Debtors | 9.960 | 2.496 | 8.632 | 78 | 11.206 |
| I. Debtors arising out of direct insurance operations | 5.621 | 1.072 | 3.636 | 0 | 4.708 |
| 1. Policyholders | 4.619 | 1.046 | 3.133 | 0 | 4.179 |
| 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 | 172 | 26 | 103 | 0 | 129 |
| 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 | 830 | 0 | 400 | 0 | 400 |
| 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 | 2.579 | 35 | 4.265 | 0 | 4.300 |
| of which: a) affiliated undertakings | 1.360 | 0 | 2.667 | 0 | 2.667 |
| 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 | 1.760 | 1.389 | 731 | 78 | 2.198 |
| of which: a) affiliated undertakings | 443 | 0 | 503 | 78 | 581 |
| 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 | 6.543 | 1.110 | 5.922 | 0 | 7.032 |
| 1. Tangible assets (other than land and buildings), inventories | 2.517 | 276 | 3.218 | 0 | 3.494 |
| 2. Cash at bank and in hand | 4.026 | 834 | 2.704 | 0 | 3.538 |
| 3. Repurchased own shares | 0 | 0 | 0 | 0 | 0 |
| 4. Other | 0 | 0 | 0 | 0 | 0 |
| F. Prepayments and accrued income | 16.788 | 13.118 | 7.470 | 98 | 20.686 |
| 1. Accrued interest and rent | 2.825 | 2.157 | 1.034 | 0 | 3.191 |
| 2. Deferred acquisition costs | 3.605 | 4.105 | 0 | 0 | 4.105 |
| 3. Other prepayments and accrued income | 10.358 | 6.856 | 6.436 | 98 | 13.390 |
| Total assets | 368.484 | 306.748 | 106.849 | 212 | 413.809 |
| Budapest, 19 May 2026 | ……………………………………… Zatykó Péter Chief Executive Officer |
| ……………………………………… Zsigri Gábor Chief Actuary |
……………………………………… Varga Krisztián Chief Accounting Officer |
BALANCE SHEET 31 December 2025
| 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 | 39.632 | 20.821 | 25.501 | 212 | 46.534 |
| 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 (+/-) | 21.854 | 6.469 | 16.898 | 113 | 23.480 |
| V. Restricted reserve | 848 | 238 | 68 | 0 | 306 |
| 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 | 5.084 | 7.362 | 3.441 | 99 | 10.902 |
| B. Subordinated liabilities | 0 | 0 | 0 | 0 | 0 |
| C. Technical provisions | 183.401 | 131.327 | 67.949 | 0 | 199.276 |
| 1. Provision for unearned premiums [a) + b)] | 21.221 | 220 | 20.253 | 0 | 20.473 |
| a) gross amount | 21.576 | 345 | 20.603 | 0 | 20.948 |
| b) reinsurance amount (-) | 355 | 125 | 350 | 0 | 475 |
| 2. Actuarial provisions | 121.707 | 121.172 | 9.567 | 0 | 130.739 |
| a) life assurance premium provision [aa)+ab)] | 112.870 | 121.172 | 0 | 0 | 121.172 |
| aa). gross amount | 112.870 | 121.172 | 0 | 0 | 121.172 |
| 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)] | 8.831 | 0 | 9.561 | 0 | 9.561 |
| da). gross amount | 9.687 | 0 | 10.991 | 0 | 10.991 |
| db). reinsurance amount (-) | 856 | 0 | 1.430 | 0 | 1.430 |
| 3. Claims outstanding [a)+b)] | 38.364 | 8.148 | 37.027 | 0 | 45.175 |
| a) case by case [aa)+ab)] | 29.474 | 7.264 | 27.778 | 0 | 35.042 |
| aa) gross amount | 34.972 | 7.328 | 37.845 | 0 | 45.173 |
| ab) reinsurance amount (-) | 5.498 | 64 | 10.067 | 0 | 10.131 |
| b) IBNR provision [ba)+bb)] | 8.890 | 884 | 9.249 | 0 | 10.133 |
| ba) gross amount | 10.599 | 901 | 11.377 | 0 | 12.278 |
| bb) reinsurance amount (-) | 1.709 | 17 | 2.128 | 0 | 2.145 |
| 4. Premium reimbursement provisions [a)+b)] | 926 | 999 | 40 | 0 | 1.039 |
| a) Profit-dependent [aa)+ab)] | 858 | 951 | 35 | 0 | 986 |
| aa) gross amount | 858 | 951 | 35 | 0 | 986 |
| ab) reinsurance amount (-) | 0 | 0 | 0 | 0 | 0 |
| b) Profit-independent [ba)+bb)] | 68 | 48 | 5 | 0 | 53 |
| ba) gross amount | 68 | 48 | 5 | 0 | 53 |
| bb) reinsurance amount (-) | 0 | 0 | 0 | 0 | 0 |
| 5. Equalisation provision | 0 | 0 | 0 | 0 | 0 |
| 6. Other provisions [a)+b)+c)] | 1.183 | 788 | 1.062 | 0 | 1.850 |
| a) Large claims provisions | 0 | 0 | 0 | 0 | 0 |
| b) Cancellation provisions [ba)+bb)] | 1.113 | 729 | 470 | 0 | 1.199 |
| ba) gross amount | 1.114 | 729 | 471 | 0 | 1.200 |
| bb) reinsurance amount (-) | 1 | 0 | 1 | 0 | 1 |
| c) Other technical provisions [ca)+cb)] | 70 | 59 | 592 | 0 | 651 |
| ca) gross amount | 70 | 59 | 592 | 0 | 651 |
| cb) reinsurance amount (-) | 0 | 0 | 0 | 0 | 0 |
| D. Technical provisions for unit-linked life assurance policyholders (1+2) | 118.082 | 142.067 | 0 | 0 | 142.067 |
| 1) gross amount | 118.082 | 142.067 | 0 | 0 | 142.067 |
| 2) reinsurance amount (-) | 0 | 0 | 0 | 0 | 0 |
| E. Specific provisions | 4.511 | 2.251 | 520 | 0 | 2.771 |
| 1. Provisions for contingent liabilities | 4.444 | 2.245 | 520 | 0 | 2.765 |
| 2. Provisions for future expenses | 67 | 6 | 0 | 0 | 6 |
| 3. Other provisions | 0 | 0 | 0 | 0 | 0 |
| F. Deposits received from reinsurers | 0 | 0 | 0 | 0 | 0 |
| G. Creditors | 16.415 | 5.521 | 11.039 | 0 | 16.560 |
| I. Creditors arising out of direct insurance operations | 9.040 | 3.011 | 7.466 | 0 | 10.477 |
| 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 | 679 | 10 | 878 | 0 | 888 |
| 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 |
| 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 | 6.696 | 2.500 | 2.695 | 0 | 5.195 |
| of which: a) affiliated undertakings | 90 | 798 | 618 | 0 | 1.416 |
| 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 | 6.443 | 4.761 | 1.840 | 0 | 6.601 |
| 1. Accrued income | 0 | 0 | 0 | 0 | 0 |
| 2. Accrued costs and expenditure | 6.436 | 4.761 | 1.840 | 0 | 6.601 |
| 3. Deferred income | 7 | 0 | 0 | 0 | 0 |
| Total liabilities and equity | 368.484 | 306.748 | 106.849 | 212 | 413.809 |
| Budapest, 19 May 2026 | ……………………………………… Zatykó Péter Chief Executive Officer |
| ……………………………………… Zsigri Gábor Chief Actuary |
……………………………………… Varga Krisztián Chief Accounting Officer |
PROFIT AND LOSS ACCOUNT 31 December 2025
| 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 | a | b |
| 01. Earned premiums, net of reinsurance | 123.468 | 129.154 |
| a) gross premiums written | 141.876 | 150.039 |
| b) outward reinsurance premiums (-) | 15.250 | 21.667 |
| c) change in the gross provision for unearned premiums (+/-) | 811 | -690 |
| d) change in the provision for unearned premiums, reinsurers’ share (+/-) | 2347 | -92 |
| 02. Profit from investments to be returned to policyholders (same as C/06.) | 0 | 0 |
| 03. Other technical income | 554 | 116 |
| 04. Claims incurred | 50.235 | 55.000 |
| a) claims paid and claim settlement expenses | 46.162 | 48.751 |
| aa) claim payments | 42.812 | 44.779 |
| 1. gross amount | 50.687 | 54.650 |
| 2. reinsurers’ share (-) | 7.875 | 9.871 |
| ab) claim settlement expenses | 4.228 | 4.877 |
| ac) income from claim recovery and claim settlement expense reimbursement (-) | 878 | 905 |
| b) changes in the provision for claims outstanding (+/-) | 4.073 | 6.249 |
| ba) case-by-case | 2.865 | 5.046 |
| 1. gross amount | 4.646 | 9.681 |
| 2. reinsurers’ share (-) | 1.781 | 4.635 |
| bb) IBNR | 1.208 | 1.203 |
| 1. gross amount | 1.834 | 1.649 |
| 2. reinsurers’ share (-) | 626 | 446 |
| 05. Changes in actuarial provisions (+/-) | 1.304 | 731 |
| 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 (+/-) | 1.304 | 731 |
| ca) gross amount | 1.853 | 1.305 |
| cb) reinsurers’ share (-) | 549 | 574 |
| 06. Changes in the profit-dependent and profit-independent premium reimbursement provisions (+/-) | -1 | -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 (+/-) | -1 | -1 |
| ba) gross amount | -1 | -1 |
| bb) reinsurers’ share (-) | 0 | 0 |
| 07. Changes in the equalisation provision (+/-) | 0 | 0 |
| 08. Changes in other technical provisions (+/-) | -582 | 563 |
| a) large claim provisions | 0 | 0 |
| b) cancellation provisions | 41 | -29 |
| ba) gross amount | 41 | -29 |
| bb) reinsurers’ share (-) | 0 | 0 |
| c) Changes in other technical provisions (+/-) | -623 | 592 |
| ca) gross amount | -623 | 592 |
| cb) reinsurers’ share (-) | 0 | 0 |
| 09. Net operating expenses | 43.009 | 45.188 |
| a) acquisition costs incurred in the financial year | 28.897 | 30.503 |
| b) change in deferred acquisition costs (+/-) | 0 | 0 |
| c) administrative expenses (except investment costs) | 16.547 | 18.383 |
| d) reinsurance commissions and profit participation (-) | 2.435 | 3.698 |
| 10. Other technical charges | 32.326 | 19.979 |
| A) INSURANCE TECHNICAL PROFIT (01+02+03-04-05-06-07-08-09-10) | -2.269 | 7.810 |
| B) Life assurance business | a | b |
| 01. Earned premiums, net of reinsurance | 68.247 | 79.881 |
| a) gross premiums written | 68.529 | 80.279 |
| b) outward reinsurance premiums (-) | 284 | 364 |
| c) change in the provision for unearned premiums (+/-) | 29 | 62 |
| d) change in the provision for unearned premiums, reinsurers’ share (+/-) | -31 | -28 |
| 02. Technical income from investments | 6.518 | 7.212 |
| a) income from participating interests | 0 | 0 |
| of which: derived from affiliated undertakings | 0 | 0 |
| b) income from other investments | 4.947 | 5.170 |
| 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 | 4.947 | 5.170 |
| c) gains on the realisation of investments, other investment income | 1.571 | 2.042 |
| d) allocated investment return transferred from life assurance (same as C/05.) (-) | 0 | 0 |
| 03. Unrealised gains on investments | 15.246 | 16.293 |
| Of which: valuation difference | 0 | 0 |
| 04. Other technical income | 28 | 87 |
| 05. Claims incurred | 30.260 | 39.201 |
| a) claims paid and claim settlement expenses | 29.344 | 38.639 |
| aa) claims paid | 29.006 | 38.216 |
| 1. gross amount | 29.174 | 38.450 |
| 2. reinsurers’ share (-) | 168 | 234 |
| ab) claim settlement expenses | 364 | 428 |
| ac) income from claim recoveries and claim settlement expense reimbursement (-) | 26 | 5 |
| b) change in the provisions for claims outstanding (+/-) (case-by-case, IBNR) | 916 | 562 |
| ba) case-by-case | 756 | 521 |
| 1. gross amount | 755 | 520 |
| 2. reinsurers’ share (-) | -1 | -1 |
| bb) IBNR | 160 | 41 |
| 1. gross amount | 172 | 31 |
| 2. reinsurers’ share (-) | 12 | -10 |
| 06. Change in actuarial provisions (+/-) | 10.061 | 8.301 |
| a) change in the life assurance premium provision (+/-) | 10.061 | 8.301 |
| aa) gross amount | 10.061 | 8.301 |
| 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 (+/-) | 803 | 113 |
| a) profit-dependent premium reimbursement provisions (+/-) | 824 | 127 |
| aa) gross amount | 824 | 127 |
| ab) reinsurers’ share (-) | 0 | 0 |
| b) profit-independent premium reimbursement provisions (+/-) | -21 | -14 |
| ba) gross amount | -21 | -14 |
| bb) reinsurers’ share (-) | 0 | 0 |
| 08. Change in the equalisation provision (+/-) | 0 | 0 |
| 09. Change in other technical provisions (+/-) | 151 | 104 |
| a) large claims provisions | 0 | 0 |
| b) change in cancellation technical provisions (+/-) | 160 | 115 |
| ba) gross amount | 160 | 115 |
| bb) reinsurers’ share (-) | 0 | 0 |
| c) change in other technical provisions (+/-) | -9 | -11 |
| ca) gross amount | -9 | -11 |
| cb) reinsurers’ share (-) | 0 | 0 |
| 10. Change in UL technical provisions (+/-) | 25.003 | 23.985 |
| a) gross amount | 25.003 | 23.985 |
| b) reinsurers’ share (-) | 0 | 0 |
| 11. Net operating expenses | 15.381 | 16.994 |
| a) acquisition costs incurred in the financial year | 10.824 | 11.606 |
| b) change in deferred acquisition costs (+/-) | -120 | -500 |
| c) administrative expenses (except investment costs) | 4.688 | 5.888 |
| d) reinsurance commissions and profit participation (-) | 11 | 0 |
| 12. Technical expenditure arising from investments | 829 | 965 |
| a) operating and maintenance charges on investments, including interests paid and interest type expenditure | 606 | 687 |
| b) value adjustment on investments, value re-adjustments on investments (+/-) | 0 | 0 |
| c) losses on the realisation of investments, other investment expenditure | 223 | 278 |
| 13. Unrealised losses on investments | 2.517 | 6.523 |
| Of which: valuation difference | 0 | 0 |
| 14. Other technical charges | 3.125 | 513 |
| B) INSURANCE TECHNICAL PROFIT (01+02+03+04-05-06-07-08-09-10-11-12-13-14) | 1.909 | 6.774 |
| C) Non-technical accounts | 5.805 | -3.177 |
| 01. Dividends and profit sharing received | 2.000 | 2.200 |
| of which: derived from affiliated undertakings | 2.000 | 2.200 |
| of which: revaluation difference | 0 | 0 |
| 02. Interest received and interest type incomes | 4.772 | 4.393 |
| of which: derived from affiliated undertakings | 0 | 0 |
| 03. Income from tangible assets related to the insurance portfolio | 324 | 350 |
| 04. Gains on the realisation of investments, other investment income | 4.355 | 3.547 |
| 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 | 469 | 936 |
| of which: revaluation difference | 0 | 0 |
| 08. Value adjustments and re-adjustments on investments (+/-) | 464 | 694 |
| 09. Losses on the realisation of investments, other investment expenditure | 401 | 1.304 |
| 10. Other income | 2.495 | 6.130 |
| 11. Other expenditure | 6.807 | 16.863 |
| D) ORDINARY PROFIT FROM OPERATIONS (+/-A+/-B+01+02+03+04+05-06-07-08-09+10-11) | 5.445 | 11.407 |
| 12. Extraordinary income | 0 | 0 |
| 13. Extraordinary expenditure | 0 | 0 |
| 14. Extraordinary profit (12-13) | 0 | 0 |
| E) PROFIT BEFORE TAXATION (+/-D+/-14) | 5.445 | 11.407 |
| 15. Tax liability | 560 | 412 |
| 15/1 Deferred tax | -199 | 93 |
| F) NET PROFIT (+/-E-15) | 5.084 | 10.902 |
| Budapest, 19 May 2026 | ……………………………………… Zatykó Péter Chief Executive Officer |
| ……………………………………… Zsigri Gábor Chief Actuary |
……………………………………… Varga Krisztián Chief Accounting Officer |