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 email@example.com
To contact the editor responsible for this story: Gavin Serkin at firstname.lastname@example.org
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.