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(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 profit and loss
Share on:
Insurance
Health
Investments
Banking
Best Pratices in PZU
Policy
Covid-19
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| Consolidated profit and loss account | Note | 1 January – 31 December 2021 | 1 January – 31 December 2020 |
| Gross written premiums | 10 | 25 080 | 23 866 |
| Reinsurers’ share in gross written premium | -1 300 | -1 016 | |
| Net written premiums | 23 780 | 22 850 | |
| Movement in net provision for unearned premiums | -548 | 174 | |
| Net earned premiums | 23 232 | 23 024 | |
| Revenue from commissions and fees | 11 | 4 738 | 4 197 |
| Interest income calculated using the effective interest rate | 12 | 9 782 | 10 262 |
| Other net investment income | 13 | 418 | 586 |
| Result on derecognition of financial instruments and investments | 14 | 407 | 111 |
| Movement in allowances for expected credit losses and impairment losses on financial instruments | 15 | -1 849 | -3 342 |
| Net movement in fair value of assets and liabilities measured at fair value | 16 | 797 | 869 |
| Other operating income | 17 | 1 602 | 1 395 |
| Claims, benefits and movement in technical provisions | -16 130 | -16 105 | |
| Reinsurers’ share in claims, benefits and movement in technical provisions | 399 | 525 | |
| Net insurance claims and benefits | 18 | -15 731 | -15 580 |
| Fee and commission expenses | 19 | -1 194 | -1 031 |
| Interest expenses | 20 | -418 | -1 134 |
| Acquisition expenses | 21 | -3 572 | -3 317 |
| Administrative expenses | 22 | -6 826 | -6 597 |
| Other operating expenses | 24 | -3 917 | -5 385 |
| Operating profit | 7 469 | 4 058 | |
| Share of the net financial results of entities measured by the equity method | -15 | - | |
| Profit before tax | 7 454 | 4 058 | |
| Income tax | 25 | -2 020 | -1 528 |
| Net profit, including: | 5 434 | 2 530 | |
| – profit attributable to the equity holders of the Parent Company | 3 336 | 1 912 | |
| – profit (loss) attributed to holders of non-controlling interest | 2 098 | 618 | |
| Weighted average basic and diluted number of common shares | 26 | 863 344 936 | 863 332 499 |
| Basic and diluted profit (loss) per common share (in PLN) | 26 | 3,86 | 2,21 |
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