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Non-life insurance contracts, life insurance contracts and investment contracts constituted the majority of transactions with subsidiaries, joint-ventures and associates of the State Treasury. The transactions are concluded and settled on the terms and conditions applicable to customers which are not related parties. Insurance receivables from and liabilities to the parties related to the State Treasury usually are short-term.
As such information is useful, PZU Group decided to disclose the value of premium written as well as the volumes of investment contracts resulting from the largest transactions with subsidiaries of the State Treasury.
| Gross written premium 1) from the largest counterparties of PZU Group that are subsidiaries to the State Treasury | |||
| Counterparty | 1 January–31 December 2016 | Counterparty | 1 January–31 December 2015 |
| Counterparty 1 | 169 | Counterparty 1 | 226 |
| Counterparty 2 | 76 | Counterparty 2 | 68 |
| Counterparty 3 | 9 | Counterparty 6 | 18 |
| Counterparty 4 | 7 | Counterparty 4 | 6 |
| Counterparty 5 | 2 | Counterparty 5 | 1 |
1) The item includes gross written premium in non-life insurance (from direct insurance and reinsurance inwards to the entities from the capital group of the counterparty), life insurance and volumes of investment contracts.
