According to the quarterly MNB published statistics (Central Bank of Hungary), at the end of December 2020 the aggregate market gross profit of Hungarian insurers was up by 18.52% y-o-y to HUF 88.89 billion the equivalent of EUR 243 million (vs. HUF 75 billion), while the value of net profit increased by 18.83% y-o-y to HUF 84.16 billion (EUR 230 million).

At the same time, the Q4 2020 technical result (life and non-life, summed-up) increased by 18.30% y-o-y to HUF 77.47 billion vs. HUF 65.49 billion a year before.

Last year, the aggregate GWP reported by Hungarian insurers totaled HUF 1,204 billion (~EUR 3.3 billion), 4.7% more y-o-y. The life insurance business accounted for 44% and the non-life insurance business for 56% of total premium income.

At the end of December 2020, on the Hungarian insurance market were active 22 insurers: 5 specialised life insurers, 9 non-life, and 8 composite insurers.