close

Navigation Map

Download our best practices
Interactive navigation is a tool that goes beyond the standard navigation of the integrated content (available in the report drop-down bar). New approach allowed to navigate in the two additional business dimensions of the PZU Group, i.e .:
  • strategy (insurance, health, investments, finances);
  • sustainable development (sales, employees, social responsibility, natural environment and ethics).
The above-mentioned areas were additionally supplemented with related GRI indicators, within each selected issue.
RISKS
PERFORMANCE
STRATEGY
OUTLOOK
POLICIES
STAKEHOLDERS
ENVIRONMENT
INPUT
VALUE
Human capital
Financial capital
Intellectual capital
Natural capital
Social capital
PZU Group
Health
Banks
Investments
Insurance
BUSINESS
PRACTICES
Corporate Governance
Capitals (IIRC)
Business

Corporate Governance

Strategy Outlook
Policies
Performance Risks Stakeholders Environment Input Value
Client experience management
Straight-forward products
Advertising ethics
Employer of first choice
Working conditions and employee compensation
Fringe benefits
Inclusive organizational culture
Occupational safety and health during the COVID-19 pandemic
Dialog with trade unions
Employee training and development
Rules of cooperation with business partners
Investment strategy
Tax strategy
Information security
Counteracting corruption
Management of a conflict of interest
Fraud prevention and counteracting of money laundering and terrorism financing
Whistleblowing system
Respect for human rights and diversity
Application of corporate governance rules
PZU's investor relations
The product offer as a response to climate challenges
The PZU Group’s efforts to adapt to climate change and prevent environmental risks: gaining a better grasp of risk factors
Direct environmental impact
COVID-19
PZU Group’s ESG Strategy regarding the environment and the climate

List of GRIs

102-8 Information on employees and other workers
102-9 Description of the supply chain
102-11 Precautionary Principle or approach
102-12 External initiatives, externally developed economic, environmental and social charters, principles, or other initiatives to which the organization subscribes or which it endorses
102-15 Description of key impacts, opportunities and risks
102-16 Organization’s values, code of ethics, principles and norms of behavior
102-17 Mechanisms for advice and concerns about ethics; internal and external mechanisms making it possible to obtain advice regarding the behaviors in ethical and legal issues and issues associated with the organization’s integrity
102-18 Governance structure of the organization including committees of the highest governance body
102-20 Executive-level responsibility for environmental, social and corporate governance topics
102-25 Conflicts of interest
102-41 Employees subject to collective bargaining agreements
103-1 Explanation of the material topic and its Boundary
103-2 Approach to management and its components
103-3 Evaluation of the management approach
205-1 Operations assessed for risks related to corruption
205-2 Communication and training on anticorruption policies and procedures in the organization
205-3 Confirmed cases of corruption and actions taken
206-1 Legal steps taken against the organization for anti-competitive behavior, anti-trust, and monopoly practices
207-1 Approach to tax
207-2 Tax governance, control, and risk management
207-3 Stakeholder engagement and management of concerns related to tax
207-4 Country-by-country reporting
301-1 Raw materials/materials used by weight and volume
302-1 Energy consumption by the organization, taking into account the types of raw materials
302-4 Reduction of consumption of energy
303-5 Total water consumption by source
305-1 Total direct (Scope 1) gas emissions
305-2 Total energy indirect (Scope 2) greenhouse gas emissions
305-3 Other indirect (Scope 3) greenhouse gas emissions
305-4 GHG emissions intensity
305-5 Reduction GHG emissions
307-1 Cash value of penalties and total number of non-financial sanctions for non-compliance with the law and/or regulations on environmental protection
308-1 New suppliers that were screened using environmental criteria
401-1 New employee hires and employee turnover
403-2 Rate for injury, occupational diseases, lost days, and absenteeism, and number of work-related fatalities
404-1 Average number of hours of training per year per employee
404-2 Managerial skill development and continuing education programs supporting continuity of employment of employees and transition assistance programs
404-3 Percentage of employees receiving regular performance and career development reviews, by gender and employment category
405-2 Ratio of basic salary and remuneration of women to men
406-1 Incidents of discrimination and corrective actions taken
414-1 New suppliers that were screened using social criteria
417-1 Internal requirements for product and service information and labeling
417-2 Incidents of non-compliance with regulations and voluntary codes for product and service information labeling
417-3 Incidents of non-compliance with regulations and voluntary codes concerning marketing communications
418-1 Substantiated complaints regarding breaches of client privacy and data loss
419-1 Non-compliance with laws and regulations in the social and economic area
G4-FS15 Policies for the fair design and sale of financial products and services
G4-FS16 Initiatives to enhance financial literacy by type of beneficiary
Respect for human rights and diversity
Employer of first choice
Employee training and development
Aggregated employment data

List of GRIs

102-8 Information on employees and other workers
102-41 Employees subject to collective bargaining agreements
103-2 Approach to management and its components
103-3 Evaluation of the management approach
401-1 New employee hires and employee turnover
403-2 Rate for injury, occupational diseases, lost days, and absenteeism, and number of work-related fatalities
404-1 Average number of hours of training per year per employee
404-2 Managerial skill development and continuing education programs supporting continuity of employment of employees and transition assistance programs
404-3 Percentage of employees receiving regular performance and career development reviews, by gender and employment category
405-1 Composition of supervisory bodies and employees broken down into employee groups by gender, age and other diversity factors
405-2 Ratio of basic salary and remuneration of women to men
406-1 Incidents of discrimination and corrective actions taken
G4-FS14 Initiatives undertaken to improve access to financial services for disfavored persons
G4-FS16 Initiatives to enhance financial literacy by type of beneficiary
PZU Group's Capital and Dividend Policy
Debt financing of PZU, Bank Pekao and Alior Bank
Financial efficiency

List of GRIs

102-7 Scale of the organization
201-1 Direct economic value generated and distributed (taking into account revenues, operating expenses, employee salaries, subsidies and other investments for communities, retained profits and disbursements for capital owners and state institutions)
Climate change research
The product offer as a response to climate challenges
Disclosure under Regulation (EU) 2020/852 of the European Parliament and of the Council ("Taxonomy")
Direct environmental impact

List of GRIs

103-2 Approach to management and its components
301-1 Raw materials/materials used by weight and volume
302-1 Energy consumption by the organization, taking into account the types of raw materials
302-4 Reduction of consumption of energy
303-5 Total water consumption by source
305-1 Total direct (Scope 1) gas emissions
305-2 Total energy indirect (Scope 2) greenhouse gas emissions
305-3 Other indirect (Scope 3) greenhouse gas emissions
305-4 GHG emissions intensity
305-5 Reduction GHG emissions
307-1 Cash value of penalties and total number of non-financial sanctions for non-compliance with the law and/or regulations on environmental protection
Client at the center of attention
Client experience management
Responsible sales

List of GRIs

103-2 Approach to management and its components
103-3 Evaluation of the management approach
206-1 Legal steps taken against the organization for anti-competitive behavior, anti-trust, and monopoly practices
417-1 Internal requirements for product and service information and labeling
417-2 Incidents of non-compliance with regulations and voluntary codes for product and service information labeling
417-3 Incidents of non-compliance with regulations and voluntary codes concerning marketing communications
419-1 Non-compliance with laws and regulations in the social and economic area
G4-FS15 Policies for the fair design and sale of financial products and services
PZU Group's social commitment
Cultural patronage
Charity
Rules of cooperation with business partners

List of GRIs

102-9 Description of the supply chain
103-2 Approach to management and its components
103-3 Evaluation of the management approach
308-1 New suppliers that were screened using environmental criteria
414-1 New suppliers that were screened using social criteria
Dialogue with the environment
Client experience management
Responsible sales
Employer of first choice
Employee training and development
PZU Group's social commitment
Rules of cooperation with business partners
Direct environmental impact
Strategy 2021-2024 [IIRC]
Key non-financial risks

List of GRIs

102-8 Information on employees and other workers
102-9 Description of the supply chain
102-11 Precautionary Principle or approach
102-12 External initiatives, externally developed economic, environmental and social charters, principles, or other initiatives to which the organization subscribes or which it endorses
102-13 Membership in associations and organizations
102-15 Description of key impacts, opportunities and risks
102-17 Mechanisms for advice and concerns about ethics; internal and external mechanisms making it possible to obtain advice regarding the behaviors in ethical and legal issues and issues associated with the organization’s integrity
102-20 Executive-level responsibility for environmental, social and corporate governance topics
102-25 Conflicts of interest
102-40 List of stakeholder groups engaged by the reporting organization
102-41 Employees subject to collective bargaining agreements
102-42 Basis for identification and selection of stakeholders engaged by the organization
102-43 Approach to stakeholder engagement, including the frequency of engagement
102-44 Key issues and concerns raised by stakeholders and the organization’s response, also by reporting them
103-1 Explanation of the material topic and its Boundary
103-2 Approach to management and its components
103-3 Evaluation of the management approach
205-1 Operations assessed for risks related to corruption
205-2 Communication and training on anticorruption policies and procedures in the organization
205-3 Confirmed cases of corruption and actions taken
206-1 Legal steps taken against the organization for anti-competitive behavior, anti-trust, and monopoly practices
207-1 Approach to tax
207-2 Tax governance, control, and risk management
207-3 Stakeholder engagement and management of concerns related to tax
207-4 Country-by-country reporting
301-1 Raw materials/materials used by weight and volume
302-1 Energy consumption by the organization, taking into account the types of raw materials
302-4 Reduction of consumption of energy
303-5 Total water consumption by source
305-1 Total direct (Scope 1) gas emissions
305-2 Total energy indirect (Scope 2) greenhouse gas emissions
305-3 Other indirect (Scope 3) greenhouse gas emissions
305-4 GHG emissions intensity
305-5 Reduction GHG emissions
307-1 Cash value of penalties and total number of non-financial sanctions for non-compliance with the law and/or regulations on environmental protection
308-1 New suppliers that were screened using environmental criteria
401-1 New employee hires and employee turnover
403-2 Rate for injury, occupational diseases, lost days, and absenteeism, and number of work-related fatalities
404-1 Average number of hours of training per year per employee
404-2 Managerial skill development and continuing education programs supporting continuity of employment of employees and transition assistance programs
404-3 Percentage of employees receiving regular performance and career development reviews, by gender and employment category
405-2 Ratio of basic salary and remuneration of women to men
406-1 Incidents of discrimination and corrective actions taken
414-1 New suppliers that were screened using social criteria
417-1 Internal requirements for product and service information and labeling
417-2 Incidents of non-compliance with regulations and voluntary codes for product and service information labeling
417-3 Incidents of non-compliance with regulations and voluntary codes concerning marketing communications
418-1 Substantiated complaints regarding breaches of client privacy and data loss
419-1 Non-compliance with laws and regulations in the social and economic area
G4-FS15 Policies for the fair design and sale of financial products and services
G4-FS16 Initiatives to enhance financial literacy by type of beneficiary
a a a

Assets and liabilities (2017-2021)

PZU AR 2021 > Assets and liabilities (2017-2021)
Facebook Twitter All
Insurance
Health
Investments
Banking
Best Pratices in PZU
Policy
Covid-19
Compare
Integrated Navigation
Page tools:

Assets (PLN million) 2017 2018 2019 2020 2021
Intangible assets 3 443 3 180 3 157 3 206 3 403
Goodwill 3 830 3 871 4 034 2 776 2 778
Property, plant and equipment 3 287 3 184 4 229 4 188 4 144
Investment property 2 355 1 697 1 981 2 493 2 773
Entities measured using the equity
method		 20 17 11 72 93
Financial assets pledged as collateral
for liabilities		 1 498 877 933 1 481 1 336
Loan receivables 169 457 182 054 194 868 197 288 215 008
Derivatives 2 351 2 487 3 107 6 339 8 328
Financial assets 108 548 100 788 110 483 139 441 136 954
Receivables 9 096 6 343 5 737 6 246 9 418
Reinsurers’ share in technical provisions 1 250 1 512 1 856 2 101 2 540
Deferred tax assets 1 590 2 234 2 313 2 511 3 058
Deferred acquisition costs 1 485 1 546 1 574 1 550 1 573
Other assets 692 562 734 753 633
Cash and cash equivalents 8 239 17 055 7 788 7 939 9 447
Assets held for sale 317 1 147 580 590 643
Total assets 317 458 328 554 343 385 378 974 402 129

Restated data for 2017-2020

sz_en_10_b.xlsx

Equity (PLN million) 2017 2018 2019 2020 2021
Share capital 86 86 86 86 86
Supplementary capital 11 824 12 660 13 113 15 848 14 816
Revaluation reserve 157 -65 294 891 -1 140
Actuarial profits and losses related to provisions for employee benefits 4 - 1 3 3
Own shares - -11 -7 -9 -5
Other reserve capital 5 18 -324 295 600
Exchange differences -73 -36 -41 65 69
Retained profits (losses) -299 -940 -248 -314 -685
Net profit (loss) 2 895 3 213 3 295 1 912 3 336
Appropriations on net profit during the financial year - - - - -
Minority interest 22 961 22 482 23 119 24 626 22 914
Total equity 37 560 37 407 39 288 43 403 39 994

sz_en_10_c.xlsx


Liabilities (PLN million)		 2017 2018 2019 2020 2021
Technical provisions 44 558 45 839 47 329 48 471 50 173
   Unearned premium and
unexpired risk reserve		 8 008 8 525 8 885 8 834 9 603
   Life insurance provisions 16 060 16 204 16 346 16 309 16 345
   Outstanding claims provisions 8 898 9 690 10 298 10 984 11 715
   Provision for annuities 5 776 5 981 5 999 6 226 6 371
   Provisions for bonuses and
discounts for the insured		 14 7 9 8 12
   Other technical provisions 287 256 214 190 164
   Unit-linked technical provisions 5 515 5 176 5 578 5 920 5 963
Subordinated liabilities 5 319 6 061 6 700 6 679 6 274
Own debt securities liabilities 9 610 12 009 9 273 7 532 5 940
Liabilities to banks 5 323 6 044 6 604 9 751 7 470
Liabilities to clients for deposits 198 163 207 635 218 588 241 975 265 155
Derivatives 3 474 3 365 3 018 6 281 11 880
Other liabilities 11 960 8 805 10 599 12 434 13 203
Other provisions 850 854 1 211 1 378 1 206
Deferred tax liability provision 638 486 746 949 806
Liabilities directly associated with
assets qualified as held for sale		 3 49 29 121 28
Total liabilities 279 898 291 147 304 097 335 571 362 135
Total equity and liabilities 317 458 328 554 343 385 378 974 402 129

sz_en_10_d.xlsx

Previous Year Content: 
https://raportroczny2020.pzu.pl/en/assets-and-liabilities-2016-2020