CIG Pannonia Drops to Record Low as Quarterly Loss Widens 76%

CIG Pannonia Eletbiztosito Nyrt., a Hungarian life insurer, fell to a record low after reporting that its net loss widened 76 percent in the first quarter.

The shares fell 10 percent to 305 forint by 10:58 a.m. in Budapest, the lowest since its listing in November 2010.

To contact the reporter on this story: Andras Gergely in Budapest at agergely@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

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