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.
PZU Group

List of GRIs

List of GRIs

21. Acquisition costs

Facebook Twitter All
Best Pratices in PZU
Integrated Navigation
Page tools:

21.1 Accounting policy

Acquisition expenses include expenses related to the conclusion and extension of insurance agreements. Direct acquisition expenses include, among others, cost of commission for insurance intermediaries, employee remuneration costs associated with the conclusion of insurance agreements, cost of attestations, expert opinions and studies related to the accepted risk. Indirect acquisition expenses include costs of advertising and promoting insurance products and costs associated with the examination of applications and issuing policies.

According to the accrual accounting principle, some of the acquisition expenses are amortized over time, in accordance with the principles described in sections 30.1.1 and 30.1.2.

21.2 Quantitative data

Acquisition expenses by type 1 January – 31 December 2021 1 January – 31 December 2020
Consumption of materials and energy 30 25
Third party services 106 85
Taxes and charges 6 4
Employee expenses 727 635
Depreciation of property, plant and equipment 40 28
Amortization of intangible assets 33 25
Other, including: 2 716 2 483
– commissions in insurance activities 2 629 2 416
– advertising 80 61
– other 7 6
Movement in deferred acquisition expenses -86 32
Total acquisition expenses 3 572 3 317