CIG Pannonia changes name while CIG Pannonia stock trades at EUR 0.83

Published on 10/07/2026 at 13:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

CIG Pannonia stock costs EUR 0.83 on October 7, 2026 after EUR 0.83, unchanged. First-half profit rose 10.00 percent, while premiums fell 5.00 percent.

CIG Pannonia, HU0000180112, Illustration mit AI erstellt.

CIG Pannonia (HU0000180112) was trading at EUR 0.83 at Lang & Schwarz on October 7, 2026 at 1:36 p.m. CEST, unchanged from the EUR 0.83 prior close. The company changed its legal name on September 24, 2026 as it pursues regional expansion and future acquisitions, according to Portfolio.

Name change follows regional expansion

The insurer now operates under the shorter name CIG Eletbiztosito Nyrt. The move is tied to its strategy in the region and planned acquisitions, while its expansion includes the Czech Republic and Slovakia through the agreed takeover of YouPlus businesses, Portfolio reported on September 24, 2026.

The name change gives the company a broader corporate frame as its business reaches beyond Hungary. For investors, the important test is whether the regional strategy can offset weaker premium trends in the domestic distribution channels.

First-half growth hides a softer second quarter

Net income rose 10.00 percent in the first half of 2026, while premium income fell 5.00 percent, according to Portfolio's September 24, 2026 report. CIG EMABIT, the property and liability insurance subsidiary, delivered a 37.00 percent increase in premium income during the same period.

The quarterly split was less favorable. In the second quarter of 2026, revenue reached HUF 7.70 billion, up 7.50 percent from the second quarter of 2025, while net income fell 23.00 percent to HUF 1.03 billion and earnings per share declined to HUF 10.95 from HUF 14.22, according to Simply Wall St. The contrast between first-half profit growth and second-quarter earnings pressure puts expense control alongside expansion execution.

Stock holds at EUR 0.83

CIG Pannonia stock was trading at EUR 0.83 at Lang & Schwarz on October 7, 2026 at 1:36 p.m. CEST, unchanged from the EUR 0.83 prior close. The primary listing is on the Budapest Stock Exchange under ticker CIGPANNONIA, while market capitalization stood at HUF 29.1 billion and the 52-week range was HUF 285.00 to HUF 398.00 as of October 4, 2026.

Simply Wall St lists November 27, 2026 as the next earnings date. The next report will show whether the company's regional expansion is translating into stronger premium growth after the second-quarter decline in net income.

The further course of trading is shown by the continuously updated real-time quote of CIG Pannonia stock.