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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).
Corporate Governance
Capitals (IIRC)
Business
Corporate Governance
List of GRIs
List of GRIs
List of GRIs
List of GRIs
- About the report
- Results
- Comment on the financial results for 2021
- Major factors contributing to the consolidated financial result
- PZU Group’s income
- PZU Group’s claims paid and technical provisions
- PZU Group’s acquisition and administrative expenses
- Drivers and atypical events affecting the results
- PZU Group’s asset and liability structure
- Contribution made by the market segments to the consolidated result
- Issuer’s financial results – PZU (PAS)
- Supplementary information and notes
- 1. Introduction
- 2. Composition of PZU Group
- 3. Shareholder structure
- 4. Composition of the Management Board, Supervisory Board and PZU Group Directors
- 5. Key accounting policies, key estimates and judgments
- 5.1 Changes in accounting policies and estimates, errors from previous years
- 5.2 Amendments to the applied IFRS
- 5.3 Explanation of the difference between the 2020 annual consolidated financial statements and these consolidated financial statements
- 5.4 Consolidation principles
- 5.5 Measurement of transactions and balances denominated in foreign currencies and FX rates used
- 5.6 Purchase method
- 5.7 Classification of insurance contracts in accordance with IFRS 4
- 6. Segment reporting
- 7. Risk management
- 8. Equity management
- 9. Fair value
- 10. Gross written premiums
- 11. Revenue from commissions and fees
- 12. Interest income calculated using the effective interest rate
- 13. Other net investment income
- 14. Result on derecognition of financial instruments and investments
- 15. Movement in allowances for expected credit losses and impairment losses on financial instruments
- 16. Net movement in fair value of assets and liabilities measured at fair value
- 17. Other operating income
- 18. Claims, benefits and movement in technical provisions
- 19. Fee and commission expenses
- 20. Interest expenses
- 21. Acquisition costs
- 22. Administrative expenses
- 23. Employee expenses
- 24. Other operating expenses
- 25. Income tax
- 26. Earnings per share
- 27. Goodwill
- 28. Intangible assets
- 29. Other assets
- 30. Deferred acquisition cost
- 31. Property, plant and equipment
- 32. Investment property
- 33. Entities measured by the equity method
- 34. Loan receivables from clients
- 35. Financial derivatives
- 36. Investment financial assets, including assets securing liabilities
- 37. Receivables
- 38. Impairment of financial assets
- 39.Cash and cash equivalents
- 40. Equity attributable to equity holders of the parent
- 41. Technical provisions
- 42. Subordinated liabilities
- 43. Liabilities on the issue of own debt securities
- 44. Liabilities to banks
- 45. Liabilities to clients under deposits
- 46. Other liabilities
- 47. Provisions
- 48. Deferred income tax
- 49. Assets and liabilities held for sale
- 50. Lease
- 51. Assets securing receivables, liabilities and contingent liabilities
- 52. Contingent assets and liabilities
- 53. Offsetting financial assets and financial liabilities
- 54. Notes to the consolidated cash flow statement
- 55. Disputes
- 56. Transactions with related entities
- 57. Headcount
- 58. Other information
- Financial data 2021
- Financial data (2017-2021) Focus on: Results - check the highlights of the year!
- Comment on the financial results for 2021
- Market and business
- Capitals (IIRC)
- Strategy and outlook 2021+
- Risk management
- Ethics and governance
- Ethical foundations of doing business
- Application of corporate governance rules
- Financial statements control system
- Audit firm auditing the financial statements
- PZU’s share capital and shareholders
- Rules for amending PZU’s Articles of Association
- Shareholder Meeting and shareholder rights
- Supervisory Board and Management Board
- Compensation paid to members of supervisory and management bodies
- Diversity policy Focus on: Ethics and governance - check the highlights of the year!
- Shares and bonds
Statement of financial position
Share on:
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Investments
Banking
Best Pratices in PZU
Policy
Covid-19
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| Assets | Note | 31 December 2021 | 31 December 2020 (restated) 1) |
1 January 2020 (restated) 1) |
| Goodwill | 27 | 2 778 | 2 776 | 4 034 |
| Intangible assets | 28 | 3 403 | 3 206 | 3 157 |
| Deferred tax assets | 48 | 3 058 | 2 511 | 2 313 |
| Other assets | 29 | 633 | 753 | 734 |
| Deferred acquisition costs | 30 | 1 573 | 1 550 | 1 574 |
| Reinsurers’ share in technical provisions | 41 | 2 540 | 2 101 | 1 856 |
| Property, plant and equipment | 31 | 4 144 | 4 188 | 4 229 |
| Investment property | 32 | 2 773 | 2 493 | 1 981 |
| Entities measured by the equity method | 33 | 93 | 72 | 11 |
| Assets securing liabilities | 36 | 1 336 | 1 481 | 933 |
| Assets held for sale | 49 | 643 | 590 | 580 |
| Loan receivables from clients | 34 | 215 008 | 197 288 | 194 868 |
| Financial derivatives | 35 | 8 328 | 6 339 | 3 107 |
| Investment financial assets | 36 | 136 954 | 139 441 | 110 483 |
| Measured at amortized cost | 82 893 | 66 280 | 45 603 | |
| Measured at fair value through other comprehensive income | 44 896 | 63 872 | 54 831 | |
| Measured at fair value through profit or loss | 9 165 | 9 289 | 10 049 | |
| Receivables | 37 | 9 418 | 6 246 | 5 737 |
| Cash and cash equivalents | 39 | 9 447 | 7 939 | 7 788 |
| Total assets | 402 129 | 378 974 | 343 385 |
1) Information on restatement of data as at 1 January and 31 December 2020 is presented in section 5.3.
| Equity and liabilities | Note | 31 December 2021 | 31 December 2020 | 1 January 2020 |
| Equity | ||||
| Equity attributable to equity holders of the Parent | 17 080 | 18 777 | 16 169 | |
| Share capital | 40.1 | 86 | 86 | 86 |
| Other capital | 40.3 | 14 343 | 17 093 | 13 036 |
| Retained earnings | 2 651 | 1 598 | 3 047 | |
| Retained losses | -685 | -314 | -248 | |
| Net profit | 3 336 | 1 912 | 3 295 | |
| Non-controlling interest | 2.4 | 22 914 | 24 626 | 23 119 |
| Total equity | 39 994 | 43 403 | 39 288 | |
| Liabilities | ||||
| Technical provisions | 41 | 50 173 | 48 471 | 47 329 |
| Subordinated liabilities | 42 | 6 274 | 6 679 | 6 700 |
| Liabilities on the issue of own debt securities | 43 | 5 940 | 7 532 | 9 273 |
| Liabilities to banks | 44 | 7 470 | 9 751 | 6 604 |
| Liabilities to clients under deposits | 45 | 265 155 | 241 975 | 218 588 |
| Financial derivatives | 35 | 11 880 | 6 281 | 3 018 |
| Other liabilities | 46 | 13 203 | 12 434 | 10 599 |
| Provisions | 47 | 1 206 | 1 378 | 1 211 |
| Deferred tax liability | 48 | 806 | 949 | 746 |
| Liabilities related directly to assets classified as held for sale | 49 | 28 | 121 | 29 |
| Total liabilities | 362 135 | 335 571 | 304 097 | |
| Total equity and liabilities | 402 129 | 378 974 | 343 385 |
Previous Year Content:
Investor Relations Team
e-mail: IR@pzu.pl
Magdalena Komaracka, IR Director, tel. +48 (22) 582 22 93
Piotr Wiśniewski, IR Manager, tel. +48 (22) 582 26 23
Aleksandra Jakima-Moskwa, tel. +48 (22) 582 26 17
Aleksandra Dachowska, tel. +48 (22) 582 43 92
Piotr Wąsiewicz, tel. +48 (22) 582 41 95