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- strategy (insurance, health, investments, finances);
- sustainable development (sales, employees, social responsibility, natural environment and ethics).
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Operating model
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In the Chapter
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Employee
Risk and ethics
Business
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Operating model
Employee
Risk and ethics
Business
In the Chapter
Operating model
Climate
Employee
CSR
Risk and ethics
40.2. Distribution of the parent company’s profit
As regards distribution of profit for 2019 and previous years, only the profit captured in the PZU standalone financial statements prepared in accordance with PAS is subject to distribution.
40.2.1.1. Distribution of the 2018 profit
Only the profit captured in the standalone financial statements of the parent company prepared in accordance with PAS is subject to distribution.
On 24 May 2019, PZU’s Ordinary Shareholder Meeting distributed PZU's net profit for the year ended 31 December 2018 totaling PLN 2,712 million by earmarking:
- PLN 2,418 million as a dividend payout to shareholders, i.e. PLN 2.80 per share;
- PLN 287 million as supplementary capital;
- PLN 7 million to the Company Social Benefit Fund;
The record date was set at 14 August 2019 and the dividend payout date was set for 5 September 2019.
Moreover, the PZU Ordinary Shareholder Meeting made a decision on a transfer retained earnings to supplementary capital.
40.2.1.2. Distribution of the 2019 profit
As at the date of signing these consolidated financial statements, the PZU Management Board has not adopted a resolution in the matter of the proposed distribution of the 2019 profit.