The Hungarian insurance sector showed solid growth and stability in the first half of 2025, according to the latest supervisory data. By the end of Q2 2025, cumulative premium income reached HUF 1,047.7 billion (EUR 2.62 billion), up 20.3% y-o-y.

Life insurance premiums increased by 38.3%, while non-life recorded a lower growth rate, of 9.9%. Within life, single-premium contracts accounted for 20.5% of written premiums and ad-hoc payments for 21.4%.

Quarter-on-quarter, however, premium income dropped by 15.9% — with a 10.1% decline in life and a sharper 19.8% decrease in non-life, the latest report of the National Bank of Hungary noted. Regulators noted this is a recurring seasonal effect, as several non-life product groups are characterized by annual premium payments, typically inflating Q2 results. Unit-linked products generated the highest premium income in life insurance, while motor third-party liability led the non-life segment.

Reserves under Solvency II continued to be dominated by unit-linked life insurance, which accounted for 64.8% of the total, up slightly from a year earlier. Other life reserves stood at 19.2%, while non-life reserves slipped to 16% (from 16.3% a year before).

Life insurance benefit payments remained concentrated in surrenders (over 56% of payouts) and maturities (about 27–30%), together making up more than 80% of total payments. Compared with 2023, the share of maturity and death-related payouts increased, while the share of surrenders declined.

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