2015-05-13 8:43 Author: (DS) (ISBnews) [Photo: PZU] 
PZU improves performance. Pulls more contributions after the acquisition Link4, and this decreases the share of damage, all of which compensation is paid. Group in the first three months of this year earned 941 million zlotys, which increased the year by 24 percent.
The largest Polish insurer in the first quarter was 941 million zł net profit to 760 million zł year earlier. This means improvement by nearly a quarter. The value of gross premiums in January-March amounted to 4.68 billion to 4.35 billion zł zł year earlier.
The increase in gross written premium of PZU group owes, among others, the development of business in foreign markets, the premium acquired by Link4 and the development of group insurance – the report says. Insurer favored lower loss ratio in group insurance liability and financial risks. Increased loss ratio for motor insurance.
In addition to the core business, namely insurance, PZU gained their investments as a result of improved conditions on the Stock Exchange in Warsaw.
Throughout the past year, PZU He earned almost 3 billion zlotys. From this 2.5 million will be paid to holders of shares or so management wants to do. The decision was announced on the occasion of the publication of the quarterly report.
The value of the transaction will be approximately EUR 35 million.
If shareholders agrees with the recommendation per share will fall 30 zł dividend. In order to receive payment, you will need to hold securities brokerage account on 30 September. Then it is established right to dividend. Funds on deposit investor should appear on 21 October.
“Proposed distribution of profit is in line with the updated capital and dividend policy of the PZU Group for 2013-2015, according to which the value of the dividend paid can not be lower than 50 percent and not more than 100 percent of the net profit disclosed in the financial statements “- reads the release.
profit for 2013 years, PZU paid zł 4.66 billion in dividends, which gave 54 zł per share.
Universal Insurance Group is one of the largest financial institutions in Poland and Central and Eastern Europe. In addition to the business of insurance PZU Group is also active in the management of open pension fund, investment funds and savings programs. PZU Group assets amounted to 67.57 billion zł at the end of 2014.
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