In January-June 2025, the PZU Group generated gross insurance income of PLN 15.2 billion across all markets, including over PLN 1.5 billion in Lithuania, Latvia, Estonia, and Ukraine, which is 6.5% higher than in the same period last year, according to the PZU website.
Net profit attributable to shareholders of the parent company in the first half of this year increased to PLN 3.23 billion (+32.1%), and in the second quarter amounted to PLN 1.47 billion (+23.3% compared to the corresponding period of 2024). Adjusted return on equity (aROE) for the first half of the year was 21.2%, which is 3.8 percentage points (pp) more than last year (in the second quarter it was 18.7%, +2.1 pp).
“We had a successful six months. We expanded our business, generating nearly PLN 1 billion in gross insurance income on an annualized basis for the first half of the year. At the same time, we significantly improved profitability in property and life insurance by several percentage points. All this led to an increase in insurance income of PLN 555 million, or almost 35% compared to the first half of the previous year. It is important to note that more than a third of this growth is due to improved insurance income in the motor third-party liability insurance segment,” commented Tomasz Tarkowski, member of the Management Board and current CEO of PZU.
At the same time, he emphasized that such good results were achieved despite the fact that PZU recorded an almost equally significant negative impact of mass insurance claims related to weather conditions, estimated at approximately PLN 240 million. After the first two quarters of this year, the value of insurance payments and insurance compensation paid by the PZU Group, together with the development of the insurance payment reserve for previous years, amounted to PLN 8.4 billion (+4.3% more than a year ago).
The PZU Group is one of the largest financial institutions in Poland and Central and Eastern Europe. The group is headed by Powszechny Zakład Ubezpieczeń SA (PZU), a company listed on the Warsaw Stock Exchange (GPW). The PZU brand’s traditions date back to 1803, when the first insurance company in Poland was founded.
In Ukraine, it is represented by the insurance companies PZU Ukraine and PZU Ukraine Life Insurance.
