Strong Financial Performance
PZU Group achieved PLN 23.1 billion in sales with a consolidated profit of PLN 5.2 billion after 9 months. The capital position is robust at 234% solvency and 246% stand-alone solvency with a dividend yield of around 8%.
Growth in Insurance Segments
Major growth was seen in the non-life insurance, particularly non-motor insurance, and foreign markets. Individual Life Insurance segment also saw substantial growth.
High Operating Margins
PZU achieved an operating return on equity (aROE) of 22.1%, with a high operating margin in life insurance.
Increase in Assets and Stable Rating
The value of assets increased by PLN 20 billion year-to-year. PZU maintained a stable A- credit rating with a positive outlook from Standard & Poor's Global Ratings.
Successful Launch of New Products and Initiatives
New products were launched in the Individual Protection Insurance segment, and a 2-digit growth was achieved in external customer numbers in investment fund companies.
Positive Developments in Health and Investment Segments
The health segment experienced 2-digit growth, and there was a significant increase in the investment fund segment.
Record High Q3 Results
PZU's Q3 results were the highest ever, with a top-line growth of around 5% and a 170% year-to-year change in overall growth.