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Navigation Map
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).
In the Chapter
GRIs
In the Chapter
GRIs
In the Chapter
GRIs
In the Chapter
GRIs
In the Chapter
GRIs
In the Chapter
GRIs
In the Chapter
Operating model
Climate
Employee
Risk and ethics
Business
In the Chapter
Operating model
Climate
Employee
CSR
Risk and ethics
Market
Business
In the Chapter
Operating model
Employee
Risk and ethics
Business
In the Chapter
Operating model
Employee
Risk and ethics
Business
In the Chapter
Operating model
Climate
Employee
CSR
Risk and ethics
Consolidated profit and loss account
| Consolidated profit and loss account | Note | 1 January – 31 December 2019 | 1 January – 31 December 2018(restated) 1 |
| Gross written premiums | 10 | 24 191 | 23 470 |
| Reinsurers' share in gross written premium | -1,012 | -755 | |
| Net written premiums | 23 179 | 22 715 | |
| Movement in net provision for unearned premiums | -89 | -365 | |
| Net earned premiums | 23 090 | 22 350 | |
| Revenue from commissions and fees | 11 | 4 139 | 4 109 |
| Net investment income | 12 | 12 391 | 10 944 |
| Net result on realization of financial instruments and investments | 13 | 278 | -15 |
| Movement in allowances for expected credit losses and impairment losses on financial instruments | 14 | -2 166 | -1 804 |
| Net movement in fair value of assets and liabilities measured at fair value | 15 | 837 | 770 |
| Other operating income | 16 | 1 492 | 1 693 |
| Claims, benefits and movement in technical provisions | -16 085 | -14 980 | |
| Reinsurers' share in claims, benefits and movement in technical provisions | 390 | 417 | |
| Net insurance claims and benefits paid | 17 | -15 695 | -14 563 |
| Fee and commission expenses | 18 | -860 | -754 |
| Interest expenses | 19 | -2 129 | -2 046 |
| Acquisition expenses | 20 | -3 363 | -3 130 |
| Administrative expenses | 21 | -6 606 | -6 609 |
| Other operating expenses | 23 | -4 324 | -3 858 |
| Operating profit | 7 084 | 7 087 | |
| Share of the net financial results of entities measured by the equity method | -4 | -1 | |
| Profit before tax | 7 080 | 7 086 | |
| Income tax | 24 | -1 895 | -1 718 |
| Net profit, including: | 5 185 | 5 368 | |
| - profit attributable to the equity holders of the Parent Company | 3 295 | 3 213 | |
| - profit (loss) attributed to holders of non-controlling interest | 1 890 | 2 155 | |
| Weighted average basic and diluted number of common shares | 25 | 863 285 340 | 863 347 220 |
| Basic and diluted profit (loss) per common share (in PLN) | 25 | 3,82 | 3,72 |
1 Information on restatement of data for the period from 1 January to 31 December 2018 is presented in section 5.3.
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