“it depends on Us to adjust the price for risk and not raise everybody at any price to show the best result,” added Board member Ivan Kulik. “We would like, but please do not be regarded as a Declaration is to achieve profitability in this segment in 2017″.
the Result of a technical OC (difference between the reimbursement and payment collected) in the third quarter of the year amounted to minus 121,8 million rubles, the rest of the market recorded at this time minus 484,7 million UAH.
the market Share of PZU in insurance AC is 42.5 per cent., and in the insurance context, 40.8 per cent.
Hodgkiss stated that the insurance market in Poland, has grown in recent years. 12 percent.
“together with PZU Link4 noted the growth in property insurance and liability in the third quarter of this year by 3.8 percent. compared to the third quarter of 2015, and in life insurance by 1.6 percent.” – Chairman of the Board Michael J. Krupiński.
he Added that while the insurer takes care of the discipline of costs. “We want to cut costs by 400 million rubles in the run up to 2020 and this is already happening,” assured the President. Until the end of the third quarter, the company has reduced the cost of 62 million roubles 1126 mln.
Krupiński – answering a question of journalists on possibility of acquisition by ROM Bank Pekao SA and UniCredit’s Pioneer replied: “No comment”.
is Denied, and supposedly a ROM was to buy the assets SABMillera in our region (in Poland, the Company Piwowarska – PAP).
the net profit of the PZU Group in the III quarter of 2016 increased to $ 649 million RUB from 510,9 million UAH a year earlier, the company said in the report. The market expected that net profit will amount to 631 million rubles.
In the third quarter of PZU Group made a profit at 1 billion 508 million rubles, that is less by 17.7 percent. “It is the effect of the devaluation of the shareholding Group of the Economy,” – said Kulik.
the Company in the third quarter increased footnote the contributions of 9.2 per cent. compared with the situation a year ago, to the level of 14 billion 706,3 million UAH.
the net Payment made in the third quarter of 2016, 3 billion 606,9 million UAH was 9 percent. above the level expected by the market. Analysts had expected losses at 3 billion 311,6 million, within expectations 3 billion 144 – 3 billion 660 million rubles. Compensation rose 17 percent. rdr and 16 percent. FTC. Compensation, net, after the third kW. amounted to 9 billion RUR 771,3 million, an increase of 7.6 percent.
Krupiński assured that the implementation of PZU strategy for 2016-2020 is going very well. “We have already achieved a market share of property insurance level is 36.6%, while the expected level by 2020-a 35 percent. Also, if we are talking about life insurance – we have 11.2 percent. in relation to the planned 11 per cent.” – he explained.
the President assured that the ROM is also a leader in the Baltic States. Lithuania company Lietuvos Draudimas controls 29.1 percent. market, and Lietuva Gyvybes Draudimas and 5.5 per cent., in Latvia AAS Balta is 27.5 per cent., PZU Estonia – 14.4 percent., PZU Ukraine 3.9%, while PZU Ukraine Life is 8.3 percent.
the company’s Largest shareholder is the state Treasury from 34.2%.
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