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Below are the financial statements of Powszechny Zaklad Ubezpieczen, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
Below are the financial statements of Powszechny Zaklad Ubezpieczen, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of PLN | 2024 2024-01-01 - 2024-12-31 | 2023 2023-01-01 - 2023-12-31 |
|---|---|---|
| Insurance service result before reinsurance | 4,307a | 4,122a |
| Insurance revenue | 29,423a | 26,868a |
| Insurance service expenses | -25,116a | -22,746a |
| Net income or expenses from reinsurance contracts held | -792a | -103a |
| Reinsurance premium allocation | -1,882a | -1,514a |
| Amounts recoverable from reinsurers | 1,090a | 1,411a |
| Insurance service result | 3,515a | 4,019a |
| Financial income and expenses from insurance | -1,565a | -1,786a |
| Finance income or expenses from reinsurance | 140a | 38a |
| Interest income calculated using the effective interest rate, and equalized to them | 28,367a | 27,549a |
| Interest income calculated using the effective interest rate | 27,097a | 26,348a |
| Income of a nature similar to interest | 1,270a | 1,201a |
| Other net investment income | 373a | 406a |
| Result from derecognition of financial instruments and investments not measured at fair value through profit or loss | 8a | -47a |
| Result from allowances for expected credit losses | -1,486a | -1,285a |
| Net movement in fair value of assets and liabilities measured at fair value | 946a | 1,502a |
| Revenue from commissions and fees | 5,165a | 5,528a |
| Fee and commission expenses | -1,323a | -1,742a |
| PZU Group operating expenses not related to insurance services | -10,514a | -9,701a |
| Interest expenses | -8,243a | -8,890a |
| Legal risk costs of foreign currency mortgage loans | -729a | -369a |
| Other operating income | 1,728a | 1,525a |
| Other operating expenses | -685a | -612a |
| Operating profit | 15,697a | 16,135a |
| Share of the net financial results of entities accounted for using the equity method | 8a | 10a |
| Profit before tax | 15,705a | 16,145a |
| Income tax | -3,484a | -3,626a |
| Net profit, of which: | 12,221a | 12,519a |
| Profit attributable to the equity holders of the parent company | 5,342a | 5,780a |
| Profit (loss) attributable to holders of non-controlling interests | 6,879a | 6,739a |
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