a a a

6.6 Quantitative data

Reference Areas:
Health
Investments
Banking
Best Pratices in PZU

Corporate insurance (non-life insurance)1 January 2017 – 31 December 20171 January 2016 – 31 December 2016
Gross written premium – external2,6732,136
Gross written premium – cross-segment6538
Gross written premiums2,7382,174
Movement in provision for unearned premiums and gross provision for unexpired risks(361)(263)
Gross earned premium2,3771,911
Reinsurers’ share in gross written premium(440)(280)
Reinsurer’s share in the movement in provision for unearned premiums and the gross provision for unexpired risk6810
Net earned premium2,0051,641
Investment income, including:85115
external operations85115
intersegment operations--
Other net technical income5974
Income2,1491,830
   
Net insurance claims and benefits(1,323)(1,062)
Movement in other net technical provisions(10)(9)
Acquisition expenses(425)(361)
Administrative expenses(137)(125)
Reinsurance commissions and profit participation2721
   
Other(90)(65)
Insurance result191229
note_6.6_tab_1_pzu_en.xlsx

Mass insurance (non-life insurance)1 January 2017 – 31 December 20171 January 2016 – 31 December 2016
Gross premiums written externally10,0298,742
Gross written premium – cross-segment3991
Gross written premiums10,0688,833
Movement in provision for unearned premiums and gross provision for unexpired risks(465)(918)
Gross earned premium9,6037,915
Reinsurers’ share in gross written premium(114)(96)
Reinsurer’s share in the movement in provision for unearned premiums and the gross provision for unexpired risk2417
Net earned premium9,5137,836
Investment income, including:482517
external operations482517
intersegment operations--
Other net technical income14859
Income10,1438,412
   
Net insurance claims and benefits(6,069)(5,275)
Movement in other net technical provisions(44)(21)
Acquisition expenses(1,745)(1,551)
Administrative expenses(608)(634)
Reinsurance commissions and profit participation(9)(14)
   
Other(341)(258)
Insurance result1,327659
note_6.6_tab_2_pzu_en.xlsx

Group and individually continued insurance (life insurance)1 January 2017 – 31 December 20171 January 2016 – 31 December 2016
Gross written premium – external6,8556,775
Gross written premium – cross-segment--
Gross written premiums6,8556,775
Movement in the provision for unearned premiums-2
Gross earned premium6,8556,777
Reinsurers’ share in gross written premium(1)(1)
Reinsurer’s share in the movement in provision for unearned premiums and the gross provision for unexpired risk--
Net earned premium6,8546,776
Investment income, including:720680
external operations720680
intersegment operations--
Other net technical income21
Income7,5767,457
   
Net insurance claims and benefits and movement in other net technical provisions(5,142)(4,686)
Acquisition expenses(332)(329)
Administrative expenses(587)(585)
   
Other(65)(72)
Insurance result1,4501,785
note_6.6_tab_3_pzu_en.xlsx

Individual insurance (life insurance)1 January 2017 – 31 December 20171 January 2016 – 31 December 2016
Gross written premium – external1,6641,174
Gross written premium – cross-segment--
Gross written premiums1,6641,174
Movement in the provision for unearned premiums(2)-
Gross earned premium1,6621,174
Reinsurers’ share in gross written premium--
Reinsurer’s share in the movement in provision for unearned premiums and the gross provision for unexpired risk--
Net earned premium1,6621,174
Investment income, including:419288
external operations419288
intersegment operations--
Other net technical income--
Income2,0811,462
   
Net insurance claims and benefits and movement in other net technical provisions(1,672)(1,043)
Acquisition expenses(135)(107)
Administrative expenses(61)(59)
   
Other(4)(9)
Insurance result209244
note_6.6_tab_4_pzu_en.xlsx

Investments1 January 2017 – 31 December 20171 January 2016 – 31 December 2016
Investment income, including:1,696440
- external operations111(570)
- intersegment operations1,5851,010
Operating result1,696440
note_6.6_tab_5_pzu_en.xlsx

Banking activity1 January 2017 – 31 December 20171 January 2016 – 31 December 2016
Revenue from commissions and fees2,144599
Investment income, including:6,5062,119
- external operations6,5062,119
- intersegment operations--
Income8,6502,718
   
Fee and commission expense(539)(248)
Interest expense(1,264)(605)
Administrative expenses(3,754)(1,290)
   
Other 1)(606)73
Operating result2,487648

1) The change in the position between periods resulted from the recognition in 2016 of the one-off gain from a bargain purchase of Bank BPH’s Core Business in the amount of PLN 465 million and the recognition in 2017 of Pekao’s financial data for the period of control by PZU

note_6.6_tab_6_pzu_en.xlsx

Pension insurance1 January 2017 – 31 December 20171 January 2016 – 31 December 2016
Investment income, including:65
external operations65
intersegment operations--
Other income128110
Income134115
   
Administrative expenses(44)(41)
   
Other(3)-
Operating result8774
note_6.6_tab_7_pzu_en.xlsx

Insurance - Baltic States1 January 2017 – 31 December 20171 January 2016 – 31 December 2016
Gross premiums written externally1,4041,183
Gross written premium – cross-segment--
Gross written premiums1,4041,183
Movement in provision for unearned premiums and gross provision for unexpired risks(117)(48)
Gross earned premium1,2871,135
Reinsurers’ share in gross written premium(42)(33)
Reinsurer’s share in the movement in provision for unearned premiums and the gross provision for unexpired risk32
Net earned premium1,2481,104
Investment income, including:2023
external operations2023
intersegment operations--
Income1,2681,127
   
Net insurance claims and benefits(773)(694)
Acquisition expenses(275)(251)
Administrative expenses(111)(110)
   
Other--
Insurance result10972
note_6.6_tab_8_pzu_en.xlsx

Insurance - Ukraine1 January 2017 – 31 December 20171 January 2016 – 31 December 2016
Gross written premium – external223210
Gross written premium – cross-segment--
Gross written premiums223210
Movement in provision for unearned premiums and gross provision for unexpired risks(20)(16)
Gross earned premium203194
Reinsurers’ share in gross written premium(88)(93)
Reinsurer’s share in the movement in provision for unearned premiums and the gross provision for unexpired risk88
Net earned premium123109
Investment income, including:1823
external operations1823
intersegment operations--
Income141132
   
Net insurance claims and benefits(56)(54)
Acquisition expenses(69)(60)
Administrative expenses(23)(24)
   
Other1821
Insurance result1115
note_6.6_tab_9_pzu_en.xlsx

Investment contracts1 January 2017 – 31 December 20171 January 2016 – 31 December 2016
Gross written premium4486
Movement in the provision for unearned premiums--
Gross earned premium4486
Reinsurers’ share in gross written premium--
Reinsurer’s share in the movement in the provision for unearned premiums--
Net earned premium4486
Investment income, including:1818
external operations1818
intersegment operations--
Other income--
Income62104
   
Net insurance claims and benefits and movement in other net technical provisions(50)(89)
Acquisition expenses(1)(4)
Administrative expenses(7)(9)
   
Other--
Operating result42
note_6.6_tab_10_pzu_en.xlsx

Other segments1 January 2017 – 31 December 20171 January 2016 – 31 December 2016
Investment income, including:51
- external operations51
- intersegment operations--
Other income946806
Income951807
   
Costs(1,038)(843)
   
Other3317
Operating result(54)(19)
note_6.6_tab_11_pzu_en.xlsx

Reconciliations 1 January 2017 – 31 December 2017Net earned premiumInvestment incomeNet insurance claims and benefitsAcquisition expensesAdministrative expensesOperating result
Corporate insurance2,00585(1,323)(425)(137)191
Mass insurance9,513482(6,069)(1,745)(608)1,327
Group and individually continued insurance6,854720(5,142)(332)(587)1,450
Individual insurance1,662419(1,672)(135)(61)209
Investments-1,696---1,696
Banking activity-6,506--(3,754)2,487
Pension insurance-6-(4)(44)87
Insurance - Baltic States1,24820(773)(275)(111)109
Insurance - Ukraine12318(56)(69)(23)11
Investment contracts4418(50)(1)(7)4
Other segments-5---(54)
Total segments21,4499,975(15,085)(2,986)(5,332)7,517
Presentation of investment contracts(44)(10)50---
Estimated salvage and subrogation--23--23
Valuation of equity instruments-(12)---(12)
Measurement of properties-(7)--(1)(10)
Elimination of the equalization provision and prevention fund--55--60
Charges for the Company Social Benefit Fund (ZFŚS) and actuarial costs  -  -  -  -  (20)  (20)
Consolidation adjustments 1)(51)(1,444)1685(11)(2,048)
Consolidated data21,3548,5022)(14,941)(2,901)(5,364)5,510
note_6.6_tab_12_pzu_en.xlsx

Reconciliations 1 January 2016 – 31 December 2016Net earned premiumInvestment incomeNet insurance claims and benefitsAcquisition expensesAdministrative expensesOperating result
Corporate insurance1,641115(1,062)(361)(125)229
Mass insurance7,836517(5,275)(1,551)(634)659
Group and individually continued insurance6,776680(4,686)(329)(585)1,785
Individual insurance1,174288(1,043)(107)(59)244
Investments-440---440
Banking activity-2,119--(1,290)648
Pension insurance-5-(4)(41)74
Insurance - Baltic States1,10423(694)(251)(110)72
Insurance - Ukraine10923(54)(60)(24)15
Investment contracts8618(89)(4)(9)2
Other segments-1---(19)
Total segments18,7264,229(12,903)(2,667)(2,877)4,149
Presentation of investment contracts(86)(7)89---
Estimated salvage and subrogation--30--30
Valuation of equity instruments-55---55
Measurement of properties-22--1(19)
Elimination of the equalization provision and prevention fund--29--27
Charges for the Company Social Benefit Fund (ZFŚS) and actuarial costs  -  -  -  -  (24)  (24)
Consolidation adjustments 1)(15)(788)2354(23)(1,227)
Consolidated data18,6253,511 2)(12,732)(2,613)(2,923)2,991

1) Consolidation adjustments ensue chiefly from the dividends paid between the various segments and the various accounting standards in which the specific reporting segments are reported (PAS and IFRS) and consolidated data (IFRS).

2) The sum of the following line items in the consolidated profit and loss account: “Net investment income”, “Net result on realization and impairment losses on investments” and “Net movement in fair value of assets and liabilities measured at fair value”.

note_6.6_tab_13_pzu_en.xlsx

Geographic breakdown 2017PolandBaltic StatesUkraineNot allocated (consolidation eliminations and other)Consolidated value
Gross written premium – external21,2201,404223-22,847
Gross written premium – cross-segment53--(53)-
Revenue from commissions and fees2,341---2,341
Net investment income9,0181518-9,051
Net result on realization and impairment losses on investments(958)(2)--(960)
Net movement in fair value of assets and liabilities measured at fair value4047--411
      
Non-current assets, other than financial assets 1)6,4382404-6,682
Deferred tax assets1,575-2-1,577
Assets316,3352,190267(1,387)317,405

1) applies to intangible assets and property, plant and equipment

note_6.6_tab_14_pzu_en.xlsx

Geographic breakdown Year 2016 (restated data)PolandBaltic StatesUkraineNot allocated (consolidation eliminations and other)Consolidated value
Gross written premium – external18,8261,183210-20,219
Gross written premium – cross-segment105--(105)-
Revenue from commissions and fees817---817
Net investment income4,0761322-4,111
Net result on realization and impairment losses on investments(934)(1)--(935)
Net movement in fair value of assets and liabilities measured at fair value323111-335
      
Non-current assets, other than financial assets 1)2,6502764-2,930
Deferred tax assets631-2-633
Assets124,4612,021262(1,448)125,296

1) applies to intangible assets and property, plant and equipment

note_6.6_tab_15_pzu_en.xlsx

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