June 21, 2018

CIG Pannonia Life Insurance Plc. (1 Flórián tér, HU-1033 Budapest, company registration number: 01 10 045857, hereinafter 'Company') hereby informs respectful Investors and capital market participants that in order to improve further profitability the Company has decided to terminate the casco portfolio taken over by its affiliate company, CIG Pannonia First Hungarian General Insurance cPlc. during the purchase of insurers in 2016.

Since there is a high competition on casco market, the profitability of this product doesn't reach those of the other commodities of CIG Pannonia thus the Company has decided to focus on the development of such products that can ensure the Company's competitiveness and as well as the enforcement of ownership interests.

CIG Pannonia Life Insurance Plc.

Disclaimer: All information contained within this article is for information purposes only, and shall not be considered an official translation of the official communication referred to herein. This document does not include the integral wording of the official communication referred to herein, the original Hungarian language version of it remains to be the solely legally binding material in the subject matter. For further information, please do not hesitate to contact us.

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CIG Pannonia Life Insurance plc published this content on 21 June 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 21 June 2018 05:07:01 UTC