2016 | 2015 | 2014 | 2013 | 2012 | |
---|---|---|---|---|---|
Gross written premiums | 20,219 | 18,359 | 16,885 | 16,480 | 16,243 |
Net revenue from commissions and fees | 523 | 243 | 351 | 299 | 237 |
Net investment result | 3,587 | 1,739 | 2,647 | 2,479 | 3,613 |
Net insurance claims and benefits | (12,732) | (11,857) | (11,542) | (11,161) | (12,219) |
Acquisition costs | (2,613) | (2,376) | (2,147) | (2,016) | (2,000) |
Administrative expenses | (2,843) | (1,658) | (1,528) | (1,406) | (1,440) |
Interest costs | (773) | (117) | (147) | (104) | (127) |
Operating profit | 3,034 | 2,940 | 3,693 | 4,119 | 4,039 |
Net profit | 2,417 | 2,343 | 2,968 | 3,295 | 3,254 |
Net profit attributed to the parent company | 1,947 | 2,343 | 2,968 | 3,293 | 3,255 |
Total assets | 125,345 | 105,397 | 67,573 | 62,787 | 55,910 |
Financial assets | 105,300 | 89,229 | 56,760 | 55,086 | 50,423 |
Equity | 17,127 | 15,118 | 13,168 | 13,128 | 14,269 |
Technical inventories | 42,194 | 41,280 | 40,167 | 37,324 | 35,401 |
- 4 Pillars
-
PZU Group in 2016
- CEO letter to shareholders
- Chairman of the supervisory board statement
- PZU in brief
- Summary of 2016
-
External environment
- Main trends in the Polish economy
- Financial market situation
- Insurance sector in Poland and in the Baltic states compared with Europe
- Regulations on the insurance and financial markets in Poland
- External environment in the Baltic states and Ukraine
- Macroeconomic factors which can affect the operations of the Polish insurance sector and PZU Group’s activities in 2017
-
Activity Of PZU Group
- Strategy 2020
- CSR
- Stock and investors
-
Corporate governance
- Corporate governance principles applied by PZU
- Application of good practices of companies quoted on WSE
- Application of corporate governance principles to supervised institutions
- Control system applied during preparation of the financial statements
- Entity authorized to audit financial statements
- Share capital and shareholders of PZU, stock held by members of its authorities
- By-laws of PZU
- General Shareholders’ Meeting, Supervisory Board and Management Board
- Remuneration of the members of the group’s bodies
- Representations of the Management Board
- Risk
-
Financial results
- Consolidated financial results
- Consolidated statement of profit or loss
- Consolidated statement of comprehensive income
- Consolidated statement of financial position
- Statement of changes in consolidated equity
- Consolidated cash flows statement
-
Additional information and notes
- 1. Introduction
- 2. Structure of PZU Group
- 3. The shareholding structure
- 4. Composition of the Management Board, Supervisory Board and Directors in the Group
-
5. Summary of significant accounting policies
- 5.1 Changes in accounting policies, accounting estimates and errors
- 5.2 Consolidation principles
- 5.3 Recognition of foreign currency transactions and balances and applied exchange rates
- 5.4 Acquisition method
- 5.5 Goodwill
- 5.6 Intangible assets
- 5.7 Property, plant and equipment
- 5.8 Impairment of tangible fixed assets and intangible assets
- 5.9 Costs of acquisition and deferred acquisition costs
- 5.10 Investment property
- 5.11 Associates and joint ventures
- 5.12 Financial instruments
- 5.13 Cash and cash equivalents
- 5.14 Assets and liabilities held for sale and disposal groups
- 5.15 Leasing
- 5.16 Equity
- 5.17 Insurance contracts
- 5.18 Provisions for employee benefits
- 5.19 Other provisions
- 5.20 Revenue recognition
- 5.21 Taxes
- 5.22 Earnings per share
- 6. Key estimates and judgments
- 7. Segment reporting
- 8. Risk management
- 9. Capital management
-
10. Fair value
- 10.1 Description of valuation techniques
- 10.2 Fair value hierarchy
- 10.3 Reclassifications between levels of fair value hierarchy
- 10.4 Reconciliation of the balance of recurring fair value measurement categorized within Level III of the fair value hierarchy
- 10.5 Changes in fair value measurement of financial instruments measured at fair value
- 11. Gross written premiums
- 12. Revenue from commissions and fees
- 13. Net investment income
- 14. Net result on realization and impairment losses on investments
- 15. Net change in the fair value of assets and liabilities measured at fair value
- 16. Other operating income
- 17. Insurance claims, benefits, and change in technical provisions
- 18. Costs of commissions and fees
- 19. Interest expense
- 20. Acquisition costs
- 21. Administrative expenses
- 22. Employee expenses
- 23. Other operating expenses
- 24. Income tax
- 25. Earnings per share
- 26. Income tax presented in other comprehensive income
- 27. Goodwill
- 28. Intangible assets
- 29. Other assets
- 30. Deferred acquisition costs
- 31. Tangible fixed assets
- 32. Investment property
- 33. Entities measured using the equity method
- 34. Financial assets
- 35. Receivables
- 36. Cash and cash equivalents
- 37. Assets held for sale
- 38. Issued share capital and other equity attributable to the owners of the parent entity
- 39. Technical provisions
- 40. Provisions for employee benefits
- 41. Other provisions
- 42. Deferred income tax
- 43. Financial liabilities
- 44. Other liabilities
- 45. Leasing
- 46. Assets recognized as collateral of receivables, liabilities and contingent liabilities
- 47. Contingent assets and liabilities
-
48. Litigation claims
- 48.1 Resolution of the General Meeting of Shareholders of PZU regarding 2006 profit distribution
- 48.2 Other demands for payment concerning the distribution of profit of PZU for 2006
- 48.3 Other legal proceedings concerning the distribution of profit of PZU for 2006
- 48.4 Proceeding conducted by the President of the Office of Competition and Consumer Protection ("OCCP") against PZU
- 48.5 Proceedings conducted by the President of the Office of Competition and Consumer Protection against PZU Życie
- 48.6 Submission of PZU claims to the insolvency estate of PBG Capital Group companies
- 49. Related party transactions
- 50. Employment
- 51. Other information