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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).
Corporate Governance
Capitals (IIRC)
Business
Corporate Governance
List of GRIs
List of GRIs
List of GRIs
List of GRIs
- About the report
- Results
- Comment on the financial results for 2021
- Major factors contributing to the consolidated financial result
- PZU Group’s income
- PZU Group’s claims paid and technical provisions
- PZU Group’s acquisition and administrative expenses
- Drivers and atypical events affecting the results
- PZU Group’s asset and liability structure
- Contribution made by the market segments to the consolidated result
- Issuer’s financial results – PZU (PAS)
- Supplementary information and notes
- 1. Introduction
- 2. Composition of PZU Group
- 3. Shareholder structure
- 4. Composition of the Management Board, Supervisory Board and PZU Group Directors
- 5. Key accounting policies, key estimates and judgments
- 5.1 Changes in accounting policies and estimates, errors from previous years
- 5.2 Amendments to the applied IFRS
- 5.3 Explanation of the difference between the 2020 annual consolidated financial statements and these consolidated financial statements
- 5.4 Consolidation principles
- 5.5 Measurement of transactions and balances denominated in foreign currencies and FX rates used
- 5.6 Purchase method
- 5.7 Classification of insurance contracts in accordance with IFRS 4
- 6. Segment reporting
- 7. Risk management
- 8. Equity management
- 9. Fair value
- 10. Gross written premiums
- 11. Revenue from commissions and fees
- 12. Interest income calculated using the effective interest rate
- 13. Other net investment income
- 14. Result on derecognition of financial instruments and investments
- 15. Movement in allowances for expected credit losses and impairment losses on financial instruments
- 16. Net movement in fair value of assets and liabilities measured at fair value
- 17. Other operating income
- 18. Claims, benefits and movement in technical provisions
- 19. Fee and commission expenses
- 20. Interest expenses
- 21. Acquisition costs
- 22. Administrative expenses
- 23. Employee expenses
- 24. Other operating expenses
- 25. Income tax
- 26. Earnings per share
- 27. Goodwill
- 28. Intangible assets
- 29. Other assets
- 30. Deferred acquisition cost
- 31. Property, plant and equipment
- 32. Investment property
- 33. Entities measured by the equity method
- 34. Loan receivables from clients
- 35. Financial derivatives
- 36. Investment financial assets, including assets securing liabilities
- 37. Receivables
- 38. Impairment of financial assets
- 39.Cash and cash equivalents
- 40. Equity attributable to equity holders of the parent
- 41. Technical provisions
- 42. Subordinated liabilities
- 43. Liabilities on the issue of own debt securities
- 44. Liabilities to banks
- 45. Liabilities to clients under deposits
- 46. Other liabilities
- 47. Provisions
- 48. Deferred income tax
- 49. Assets and liabilities held for sale
- 50. Lease
- 51. Assets securing receivables, liabilities and contingent liabilities
- 52. Contingent assets and liabilities
- 53. Offsetting financial assets and financial liabilities
- 54. Notes to the consolidated cash flow statement
- 55. Disputes
- 56. Transactions with related entities
- 57. Headcount
- 58. Other information
- Financial data 2021
- Financial data (2017-2021) Focus on: Results - check the highlights of the year!
- Comment on the financial results for 2021
- Market and business
- Capitals (IIRC)
- Strategy and outlook 2021+
- Risk management
- Ethics and governance
- Ethical foundations of doing business
- Application of corporate governance rules
- Financial statements control system
- Audit firm auditing the financial statements
- PZU’s share capital and shareholders
- Rules for amending PZU’s Articles of Association
- Shareholder Meeting and shareholder rights
- Supervisory Board and Management Board
- Compensation paid to members of supervisory and management bodies
- Diversity policy Focus on: Ethics and governance - check the highlights of the year!
- Shares and bonds
Consolidated profit and loss account statement (2017-2021)
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Banking
Best Pratices in PZU
Policy
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| Basic amounts of the consolidated profit and loss account (PLN million) | 2017 | 2018 | 2019 | 2020 | 2021 |
| Gross written premiums | 22 847 | 23 470 | 24 191 | 23 866 | 25 080 |
| Net earned premiums | 21 354 | 22 350 | 23 090 | 23 024 | 23 232 |
| Revenue from commissions and fees | 2 312 | 3 355 | 3 279 | 3 166 | 3 544 |
| Net investment income | 7 893 | 9 931 | 11 298 | 8 486 | 9 555 |
| Net claims and benefits | -14 941 | -14 563 | -15 695 | -15 580 | -15 731 |
| Acquisition costs | -2 901 | -3 130 | -3 363 | -3 317 | -3 572 |
| Administrative expenses | -5 357 | -6 609 | -6 606 | -6 597 | -6 826 |
| Interest expenses | -1 350 | -2 046 | -2 129 | -1 134 | -418 |
| Other operational revenues and expenses | -1 552 | -2 201 | -2 790 | -3 990 | -2 315 |
| Operating profit (loss) | 5 458 | 7 087 | 7 084 | 4 058 | 7 469 |
| Share in net profit (loss) of entities measured using the equity method | 16 | -1 | -4 | 0 | -15 |
| Gross profit (loss) | 5 474 | 7 086 | 7 080 | 4 058 | 7 454 |
| Net profit (loss), including: | 4 185 | 5 368 | 5 185 | 2 530 | 5 434 |
| Shareholders’ profit (loss) | 2 895 | 3 213 | 3 295 | 1 912 | 3 336 |
| Minority profit (loss) | 1 290 | 2 155 | 1 890 | 618 | 2 098 |
| Basic and diluted weighted average number of ordinary shares* | 863 519 608 | 863 347 220 | 863 285 340 | 863 332 499 | 863 344 936 |
| Number of shares issued | 863 523 000 | 863 523 000 | 863 523 000 | 863 523 000 | 863 523 000 |
| Basic and diluted PZU Group’s profit per ordinary Issuer’s share (in PLN) | 3,35 | 3,72 | 3,82 | 2,21 | 3,86 |
| Net profit of PZU (Issuer) | 2 459 | 2 712 | 2 651 | 1 919 | 2 028 |
| Basic and diluted Issuer’s profit per ordinary share (in PLN) | 2,85 | 3,14 | 3,07 | 2,22 | 2,35 |
*including shares in consolidated funds
Data as at 31 December 2017-2019 restated
Previous Year Content:
Investor Relations Team
e-mail: IR@pzu.pl
Magdalena Komaracka, IR Director, tel. +48 (22) 582 22 93
Piotr Wiśniewski, IR Manager, tel. +48 (22) 582 26 23
Aleksandra Jakima-Moskwa, tel. +48 (22) 582 26 17
Aleksandra Dachowska, tel. +48 (22) 582 43 92
Piotr Wąsiewicz, tel. +48 (22) 582 41 95