Who owns PZU?
PZU Group offers the selection of nearly 200 insurance products on the Polish market….Powszechny Zakład Ubezpieczeń
| Type | Spółka Akcyjna |
|---|---|
| Key people | Paweł Surówka (CEO) Katarzyna Lewandowska (Chairman) |
| Products | Insurance and Banking |
| Revenue | €8.6 billion (2019) |
| Net income | €684 million(2019) |
What does PZU stand for?
PZU
| Acronym | Definition |
|---|---|
| PZU | Powszechny Zaklad Ubezpieczen (Polish insurance group) |
| PZU | Port Sudan Airport |
| PZU | Partija Zelenykh Ukrainy (Ukrainian political party) |
| PZU | Pañstwowy Zak³ad Ubezpieczeñ (Polish National Insurance Company) |
What is PZU Group?
PZU Group is one of the largest financial institutions in Poland and in Central and Eastern Europe. The Group is led by Powszechny Zakład Ubezpieczeń S.A. (PZU) – a company quoted on the Warsaw Stock Exchange. The history of the PZU brand goes back to 1803 when the first Polish insurance company was established.
What does the PZU acquisition mean for Central and Eastern Europe?
When the transaction is finalized, PZU will become the largest financial group in Central and Eastern Europe as the leader in insurance, banking, and asset management. This opens in a new window.
How much of the PZU Group’s net profit will be invested in dividends?
According to the Strategy, we will earmark at least 50% to 100% of the PZU Group’s consolidated net profit to pay dividends. Retaining profit will hinge on any needs related to organic growth (up to 20%) or mergers and acquisitions following from the Strategy (up to 30%).
How will the strategy affect PZU’s return on equity (ROE)?
The return on equity will increase by 6.5 percentage points to 17.4% in 2024 over the period covered by the Strategy ”, emphasizes Tomasz Kulik, PZU Management Board Member and the Group’s CFO.