PZU improves its Q3 net result by 27%

In Q3 2016 the PZU Group posted consolidated net profit (attributable to the parent company) of PLN 649 million compared to PLN 511 million in the corresponding period of 2015; up 27%. This has made it possible to post a cumulative profit of PLN 1,309 million during the first 9 months of 2016. Gross written premium in the first three quarters has climbed 9.2% y/y to PLN 14,706 million, coupled with a dip in administrative expenses of 5.7% to PLN 1,126 million (net of Alior Bank’s administrative expenses). Life insurance market share measured by regular premium has reached a record-breaking 45%.