According to the quarterly statistics published by the Central Bank of Hungary (MNB), at the end of Q3 2025, the aggregate GWP of Hungarian insurers reached EUR 3.74 billion, 19.2% up y-o-y. In local currency, the market growth was 17.28% y-o-y, as the local currency appreciated slightly against the EUR.

During the period analyzed, the life insurance business accounted for 40.76% (EUR 1.56 billion), increasing its share in the market portfolio by over 4 percentage points due to its much higher growth rate (33.7% y-o-y) as compared with the non-life segment (10.9% growth rate; EUR 2.28 billion in premiums)

Motor insurance GWP increased by 7.8%, to EUR 1.12 billion. The mandatory MTPL class saw a 6.5% growth in GWP, to EUR 718.3 million, while Motor Hull class recorded a 10.25% growth, to EUR 406.6 million. Overall, growth in motor insurance slowed down compared with the same period of the previous year.

According to the latest MNB report, Hungary’s insurance market remained structurally stable in Q3 2025, with 23 Solvency II-regulated insurers, while foreign ownership continued to dominate—accounting for 50% of life, 100% of composite, and 40% of non-life insurers.

Market concentration remained unchanged, with the top five life insurers holding around 60% of technical provisions and the top five non-life players generating 70% of premium income.

Profitability improved sharply in 2024, as sector-wide after-tax profit more than doubled to HUF 48 billion (~EUR 122.7 million). Fewer insurers reported losses, and a growing number moved into higher ROE brackets, confirming a broad-based recovery in underwriting and earnings performance.

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