CIG Pannonia changes name. CIG Pannonia stock stands at HUF 29.3 billion value

Published on 10/02/2026 at 04:59 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half net income rose 10.00 percent year over year. CIG Pannonia stock had a EUR 0.85 prior close on September 30, 2026.

CIG Pannonia, HU0000180112, Illustration mit AI erstellt.

CIG Pannonia changed its legal name to CIG Életbiztosító on September 24, 2026, while its Budapest Stock Exchange profile lists a HUF 29.3 billion market value. Portfolio reported that the simplified name supports regional strategy and future acquisition plans, and the Budapest Stock Exchange lists the company under ticker CIGPANNONIA.

Name change targets regional expansion

The company said the name change reflects its regional priorities and acquisition strategy, according to Portfolio on September 24, 2026. The report also linked the strategy to expansion in the Czech Republic and Slovakia through an agreement involving YouPlus business units.

The strategic shift comes with a mixed first-half operating picture. Portfolio reported that first-half net income rose 10.00 percent year over year, while premium income fell 5.00 percent because of weaker bank-channel sales of single-premium unit-linked products.

Insurance mix points to execution risk

The counterweight was CIG EMABIT, the non-life insurance subsidiary. Its premium income increased 37.00 percent in the first half of 2026, according to Portfolio, giving investors a concrete measure of where the international strategy is gaining traction.

The Budapest Stock Exchange profile identifies insurance as the sector and shows 94,428,260 listed securities. It also reports 2025 total revenue of HUF 33.1 billion and profit after tax of HUF 4.0 billion, compared with HUF 27.3 billion and HUF 1.3 billion, respectively, in 2024. These annual figures are historical context, while the first-half 2026 comparison provides the fresher operating signal.

Buyback remains a secondary signal

On September 21, 2026, MBH Bank purchased 1,162 company shares at an average HUF 312.73 under the buyback program, according to CIG Pannonia. The transaction lifted treasury shares to 93,453, equal to 0.099 percent of issued shares, making the buyback a small balance-sheet event rather than the main strategic driver.

Prior close remains EUR 0.85

The last prior close from Lang & Schwarz was EUR 0.85 for September 30, 2026. The October 1, 2026 data set showed no valid current-session quote, so the dated prior close is the applicable euro market reference.