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Interactive navigation is a tool that goes beyond the standard navigation of the integrated content (available in the report drop-down bar). New approach allowed to navigate in the two additional business dimensions of the PZU Group, i.e .:
  • strategy (insurance, health, investments, finances);
  • sustainable development (sales, employees, social responsibility, natural environment and ethics).
The above-mentioned areas were additionally supplemented with related GRI indicators, within each selected issue.
PZU Group

List of GRIs

List of GRIs

Glossary beginning with T

PZU AR 2021 > Lexicon > Glossary > Glossary beginning with T
Tax Group

PZU Tax Group – on 20 September 2017, a Tax Group agreement was signed, covering 13 companies: PZU, PZU Życie, Link4, PZU CO, PZU Pomoc SA, Ogrodowa-Inwestycje, PZU Zdrowie SA, Tulare Investments sp. z o.o., PZU CASH SA, Ipsilon sp. z o.o., PZU Finanse sp. z o.o., PZU LAB SA and Omicron Bis SA. The Tax Group was established for a period of 3 years – from 1 January 2018 to 31 December 2020 – and the Head of the First Mazowiecki Tax Office in Warsaw issued a registration decision on 21 November 2017. From 1 January 2021 the Tax Group also includes PZU Project 01 SA, in connection with another Tax Group agreement of 22 September 2020 (registration decision of 11 December 2020), which applies from 1 January 2021 to 31 December 2023. PZU is the parent company representing the Tax Group. The Tax Group performs settlements with the Tax Office on a monthly basis. PZU pays advances for corporate income tax that are due from all the companies to the Tax Office, while the companies transfer the CIT advances related to their business activities to PZU.

technical provisions

Provisions that should ensure full coverage of all current and future liabilities that may result from executed insurance agreements. The following, in particular, are for accounting purposes part of technical provisions: provision for unearned premiums, provision for outstanding claims, provision for unexpired risks, provision for investment risk borne by policyholders and provision for bonuses and discounts for insureds.


Towarzystwo Funduszy Inwestycyjnych PZU SA.


Tomma Diagnostyka Obrazowa SA.


(Total Shareholder Return) - Measure specifying the total rate of return obtained by shareholders by virtue of holding shares in a given company during an annual period. This measure expresses the sum total of profit stemming from the movement in the share price of a given company and the dividends paid during the time when an investor holds its shares in relation to its share value at the beginning of a given year. It is expressed as a percentage on an annualized basis.


Towarzystwo Ubezpieczeń Wzajemnych Polski Zakład Ubezpieczeń Wzajemnych.