We deliver high returns on equity in volatile market conditions
PZU Group's ROE (%)1
+8.6 p.p.
17.9
18.8
17.1
17.7
9.3
09.2020
09.2021
1Q21
2Q21
3Q21
Dividend per share (PLN)
High profitability
Return on equity of 17.7% in 3Q21 and 17.9% in the first three quarters
of 2021
Business model diversification as the recipe for recurring results: high
Diversified model
profitability of non-life insurance, return to high profitability of life
insurance following an intensive pandemic period
3.5
2.8
Dividend
Stability and security
2.5
yield3
9%
2.1
1.4
0.0
2015
2016
2017
2018
2019
2020
Profit distribution
Net profit and equity attributable to equity holders of the parent company
2Q21 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
A- rating upheld, high solvency ratios, capacity to generate a high recurring capital generation, solvency ratio substantially better than posited in the strategy following the dividend disbursement2
Dividend paid of 3.5 PLN per share, which translates into a dividend yield of 9%3
4
1. Main accomplishments
2. Business development
3. Results
4. Strategy
5. Attachments
Record-breaking sales in the first 3 quarters exceeding 18 bn PLN
Gross written premium and its growth in 3Q21 (bn PLN)
5.5%
5.9
5.6
+12% y/y
0.6
Foreign operations
0.5
Non-life
2.9
3.2
+10% y/y
Life
2.2
2.2
-1% y/y
3Q203Q21
Sustaining the pace of top line growth, premium up 5.5% y/y in 3Q21
Dynamic premium growth in non-life insurance - premium in 3Q21 up 10% y/y. Strong demand for non-motor insurance (+20% y/y). Gross written premium in motor insurance trended up 4% y/y despite higher competition on the market and falling prices
Individual protection products seeing 10% premium growth acting as the major driver of the premium change in life insurance
Intensive sales growth in the bancassurance channel: gross written premium attracted in collaboration with the PZU Group's banks more than doubled y/y
Continued dynamic growth in the demand for private medical services; PZU Zdrowie's revenue up 26.3%1 y/y in the first three quarters of 2021, with the revenue generated by health centers up 32.4% y/y
Intensive development of the investment pillar - assets under management grew by 23% to PLN 37.5 bn at the end of 3Q21, with assets held by TFI PZU seeing growth of 26% y/y. TFI PZU the leader in terms of incoming assets among non-bankTFIs in 3Q21
Net Asset Value in Employee Capital Schemes (PPK) at 1.1 bn PLN - assets quadrupled from a year ago and up 35% versus 2Q21
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 18 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 November 2021 06:31:03 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 
