Results by segments

Annual Report 2017 > Results 2017 > Results by segments
Reference Areas:
Health
Investments
Banking
Best Pratices in PZU

Data from the profit and loss account – corporate insurance (non-life insurance) (PLN million)20172016201520142013
Gross written premiums2 7382 1741 7791 8311 740
Net earned premiums2 0051 6411 4771 4621 556
Investment income85115121136140
Insurance claims(1 323)(1 062)(871)(964)(854)
Acquisition costs(425)(361)(288)(306)(300)
Administrative expenses(137)(125)(127)(125)(116)
Reinsurance commission and share in profits272116168
Other(41)-(18)(2)(42)
Insurance profit191229310217391
Acquisition costs ratio (including reinsurance commission)*19,9%20,7%18,4%19,8%18,8%
Administrative expenses ratio*6,8%7,6%8,6%8,6%7,4%
Claims ratio*66,0%64,7%59,0%65,9%54,9%
Combined ratio (COR)*92,7%93,1%86,0%94,3%81,1%

* ratios calculated with net premium earned

Data from the profit and loss account – mass-market insurance (non-life insurance) (PLN million)20172016201520142013
Gross written premiums10 0688 8337 3646 5696 534
Net earned premiums9 5137 8366 7936 5636 552
Investment income482517518563557
Insurance claims(6 069)(5 275)(4 441)(4 363)(4 193)
Acquisition costs(1 745)(1 551)(1 383)(1 239)(1 141)
Administrative expenses(608)(634)(665)(617)(547)
Reinsurance commission and share in profits(9)(14)(14)(27)67
Other(237)(220)(150)(123)(227)
Insurance profit1 3276596587561 067
Acquisition costs ratio (including reinsurance commission)*18,4%20,0%20,6%19,3%16,4%
Administrative expenses ratio*6,4%8,1%9,8%9,4%8,3%
Claims ratio*63,8%67,3%65,4%66,5%64,0%
Combined ratio (COR)*88,6%95,4%95,7%95,2%88,7%

* ratios calculated with net premium earned

 

Data from the profit and loss account – group and individually continued insurance (PLN million)20172016201520142013
Gross written premiums6 8556 7756 6896 5396 415
Group insurance4 8784 8294 7534 6274 518
Individually continued insurance1 9771 9461 9361 9121 897
Net earned premiums6 8546 7766 6916 5376 414
Investment income720680602713735
Insurance claims and change in other technical provisions net(5 142)(4 686)(4 718)(4 570)(4 570)
Acquisition costs(332)(329)(356)(357)(323)
Administrative expenses(587)(585)(577)(543)(546)
Other(63)(71)(67)(19)(107)
Insurance profit1 4501 7851 5751 7621 603
Insurance profit excluding conversion effect1 4151 7451 5001 6921 476
Insurance profit excluding one-off events1 4151 5291 5001 6921 476
Acquisition costs ratio*4,8%4,9%5,3%5,5%5,0%
Administrative expenses ratio*8,6%8,6%8,6%8,3%8,5%
Insurance profit margin (excl. conversion effect)20,6%25,8%22,4%25,9%23,0%
Insurance profit margin (excl. one-off events)20,6%22,6%22,4%25,9%23,0%

* ratios calculated with gross premium written

 

Data from the profit and loss account – individual insurance (PLN million)20172016201520142013
Gross written premiums1 6641 1741 2341 2691 330
Net earned premiums1 6621 1741 2341 2671 331
Investment income419288251327322
Insurance claims and change in other technical provisions net(1 672)(1 043)(1 091)(1 250)(1 339)
Acquisition costs(135)(107)(123)(126)(110)
Administrative expenses(61)(59)(60)(53)(53)
Other(4)(9)(5)(2)(11)
Insurance profit209244206163140
Acquisition costs ratio*8,1%9,1%10,0%10,0%8,2%
Administrative expenses ratio*3,7%5,0%4,9%4,2%4,0%
Insurance profit margin*12,6%20,8%16,7%12,8%10,5%

* ratios calculated with gross premium written

 

Data from the profit and loss account – investment contracts (PLN million)20172016201520142013
Gross written premiums44861413741 098
Group insurance23345673
Individual insurance4283138330424
Net earned premiums44861413741 099
Investment income18181644104
Insurance claims and change in the balance of other technical provisions net(50)(89)(136)(376)(1 157)
Acquisition costs(1)(4)(10)(16)(18)
Administrative expenses(7)(9)(9)(10)(11)
Other--(1)(1)(5)
Insurance profit4211511
Insurance profit margin*9,1%2,3%0,7%4,0%1,0%

* ratios calculated with gross premium written

   

Data from the profit and loss account - banking activity (PLN million)20172016201520142013
Net revenue from commissions and fees1 605351---
Investment income6 5062 119---
Interest costs(1 264)(605)---
Administrative expenses(3 754)(1 290)---
Other(606)73---
Total2 487648---
 

Data from the profit and loss account – pension segment (PLN million)20172016201520142013
Investment income65119271218
Other revenues12811071212
Administrative expenses(44)(41)(40)(73)(78)
Other(3)-(4)(6)(15)
Operating profit (loss)877482203137
   

Data from the profit and loss account – Ukraine segment (PLN million)20172016201520142013
Gross written premiums223210169174204
Net earned premiums123109103136171
Investment result1823414124
Net insurance claims(56)(54)(74)(94)(81)
Acquisition costs(69)(60)(47)(52)(62)
Administrative expenses(23)(24)(21)(28)(36)
Other182110--
Insurance profit111512216
Exchange rate UAH/PLN0,14020,15420,17220,26370,3886
Acquisition costs ratio*56,1%55,0%45,6%38,4%36,6%
Administrative expenses ratio*18,7%22,0%20,4%20,7%21,0%

* ratios calculated with net premium earned

 

Data from the profit and loss account – Baltic states segment (PLN million)20172016201520142013
Gross written premiums1 4041 1831 193536262
Net earned premiums1 2481 1041 109477227
Investment result202322157
Net insurance claims(773)(694)(687)(312)(139)
Acquisition costs(275)(251)(253)(115)(67)
Administrative expenses(111)(110)(147)(80)(26)
Other-----
Insurance profit1097244(16)1
Exchange rate EUR in PLN4,24474,37574,18481,21331,2196
Acquisition costs ratio*22,0%22,7%22,8%24,2%29,6%
Administrative expenses ratio*8,9%10,0%13,3%16,8%11,7%

* ratios calculated with net premium earned

     

Investment segment (external) (PLN million)20172016201520142013
Total111-570506579896
  

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