PLN 1.25 billion profit. The PZU Group announced its financial results for the first quarter.

Luc Williams

Over PLN 1.25 billion of net profit

As added in the report, the PZU Group's net financial result for the first quarter of this year “amounted to PLN 2,885 million and was 12.2% higher than the net result for the same period of the previous year.”

“The net profit attributable to the shareholders of the parent company amounted to PLN 1,254 million compared to PLN 1,150 million in 2023 (an increase of PLN 104 million),” it was reported.

The aROE ratio attributable to the parent company for the period from January 1 to March 31, 2024 was 17.1%, which means a decrease of 1.7 percentage points compared to the same period of the previous year.

Insurance score

PZU's result on insurance services in the first quarter of 2024 reached PLN 787 million (PLN 856 million in the first quarter of 2023), the result on commissions and fees reached PLN 912 million (PLN 909 million a year earlier), and on investment activities the company earned almost PLN 7.2 billion (compared to PLN 6.72 billion a year earlier).

Gross profit

The company's gross profit amounted to PLN 3.77 billion (a year earlier it was nearly PLN 3.42 billion).

PZU reported that gross insurance premiums written in the first quarter reached PLN 4.9 billion (PLN 4.44 billion in the first quarter of 2023), and the technical result of property and personal insurance increased to PLN 375 million from PLN 268 million in Q1 last year (PAP)

author: Marek Siudaj


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