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- strategy (insurance, health, investments, finances);
- sustainable development (sales, employees, social responsibility, natural environment and ethics).
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
#Solidarity_with_Ukraine
The PZU Group stands in solidarity with the Ukrainian nation and as the situation develops it is undertaking more aid efforts
On 24 February 2022 the armed forces of the Russian Federation launched an attack against Ukraine1. In the face of war and the declaration of martial law by Ukraine, the Ukrainian companies of the PZU Group implemented the appropriate crisis procedures prepared for such a circumstance. A crisis management team with the participation of management board members, senior managers and representatives of the Ukrainian subsidiaries was established in the Polish head office of PZU SA to monitor the situation on an ongoing basis and make decisions on preventive measures and aid for Ukraine’s citizens.
Support for employees of companies in Ukraine
PZU is helping the families of employees of its companies in Ukraine. PZU is providing them with lodging, medical care, psychological support and means of sustenance after they arrive in Poland from Ukraine.
PZU’s products for refugees
PZU has initiated an unprecedented campaign in the insurance industry addressed to citizens of Ukraine who cross the Polish border without having compulsory motor insurance. The insurer is covering the cost of the premium for 30-day TPL policies for refugees. They are available from PZU agents who are on duty at border crossing points and by phone at 22 505 15 63 (this hotline is manned in Polish and Ukrainian).
Persons affected by the war in Ukraine can receive free-of-charge medical care in more than 50 PZU Zdrowie medical centers. PZU Zdrowie provides basic health care and specialist consultations, laboratory tests and diagnostic tests. All citizens of Ukraine who hold a certificate issued by the Border Guard of the Republic of Poland or a stamp from the Border Guard of the Republic of Poland in their travel documents confirming their legal stay in the Republic of Poland upon crossing the border after 24 February 2022 in connection with the armed conflict in Ukraine can take advantage of this support.
The PZU Group is the operator of the First Contact Center Platform set up by the Ministry of Health, which also operates in the Ukrainian language (gov.pl/tpk). It gives Ukrainian citizens arriving in Poland access to the professional assistance offered by the insurer’s consultants and physicians - during the night, on weekends and on holidays, i.e. after the working hours of basic health care centers.
Material assistance and support provided through employee initiatives
The PZU Group also supports the initiatives undertaken by employees. They can present their ideas to the PZU Foundation on how to help refugees from Ukraine and obtain financial or organizational support.
1 As of the date of publication of this report war is still being waged in Ukraine.
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