Record-breaking result since the IPO in challenging market conditions
PZU Group's ROE (%)1
+7.7 p.p.
18.6
10.9
2020
2021
PZU Group's net profit
+25.7%
897
906
721
774
759
4Q20
1Q21
2Q21
3Q21
4Q21
Diversified model
High profitability
Stability and security
Sustainable growth
Business model diversification as the recipe for recurring robust results: high profitability of non-lifeinsurance, rebuilding banking income
ROE of 21.0% in 4Q and 18.6% in the full year of 2021 - above the targets set in the strategy
A- rating, high solvency ratios, capacity to generate a high recurring capital, solvency ratio substantially better than posited in the strategy, safe and diversified investment portfolio
Reducing carbon footprint, strengthening initiatives advancing the green energy transition - observed by rating agencies - improved ESG ratings
Net profit and equity attributable to equity holders of the parent company
3Q21 data
Dividend yield: dividend per share of 3.5 PLN paid in reference to the closing share price on the day before the dividend cutoff date
4
1. Main accomplishments
2. Business development
3. Results
4. Strategy
5. Attachments
Highest sales in history on an annual and quarterly basis
Gross written premium and its growth in 4Q21 (bn PLN)
3.9%
6.8
6.6
+17% y/y
0.6
Foreign operations
0.5
Non-life
3.8
4.1
+6% y/y
Life
2.2
2.1
-3% y/y
4Q20
4Q21
Premium in 2021 up 5.1% achieved a record-breaking level of 25.1 bn PLN. Revenue in 4Q21 also record-breaking at 6.8 bn PLN
Strong demand for non-motorinsurance (+11.1% y/y), especially in mass insurance (+30.7% y/y). Growth in gross written premium in motor insurance by 2.5% y/y despite greater market competitiveness and price contraction
Intensive sales growth in the bancassurance channel: gross written premium attracted in collaboration with the PZU Group's banks +75.6% y/y
Ongoing dynamic growth in the demand for private medical services; health revenue up 24.7%1 y/y in 2021, high growth in revenue generated by medical centers (+29.2% y/y) in insurance and subscriptions
Intensive development of the investment pillar - assets under management grew by 6.6% to 35.1 bn PLN at the end of 2021, with assets held by TFI PZU seeing incremental growth of 9.1% y/y. TFI PZU among the top players in terms of sales in 2021
Net Asset Value in PPK at 1.4 bn PLN - assets up 3.5 times from a year ago. First place in terms of the number of acquired companies and second place measured by assets
1.
Data presented for the centers for the period from the beginning of the year regardless of the time of acquisition
5
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PZU - Powszechny Zaklad Ubezpieczen SA published this content on 24 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 March 2022 07:07:04 UTC.
Powszechny Zaklad Ubezpieczeñ Spólka Akcyjna is one of the leading insurance groups in Poland. The group also develops pension and investment funds management activities. Gross written premiums break down by activity as follows:
- non-life insurance (64.3%): car insurance (57.8% of gross written premiums), fire and damage insurance (22.3%), accident and health insurance (6.8%), liability insurance (6%) and other (7.1%);
- life insurance (35.7%).
Gross written premiums are distributed geographically as follows: Poland (91.2%), the Baltic states (7.4%) and Ukraine (1.4%).
POWSZECHNY ZAKLAD UBEZPIECZE? SPÓLKA AKCYJNA 
