Powszechny Zakład Ubezpieczeń

Powszechny Zakład Ubezpieczeń
Public
Traded as WSE: PZU
Industry Insurance, Banking
Founded 1803
Headquarters Warszawa, Poland
Key people
 Michał Krupiński (CEO)
Products Insurance
Revenue $4.083 Billion USD
$953.2 Million USD
Number of employees
 16,822
Website www.pzu.pl

PZU Group (PZU) (WSE: PZU) is a publicly traded insurance company, a component of the WIG20 and one of the largest financial institutions in Poland. It is also one of the top insurance companies in Central and Eastern Europe. The main advantages of the Group concern the strong competitive position, high level of equity and high effectiveness of business activity.

PZU Group offers the largest selection of insurance products on the Polish market (nearly 200 insurance products) and constantly enhances the scope of provided services. The activity of PZU group encompasses the comprehensive insurance-financial service. The Group entities provide services in the area of non-life insurance, personal and life insurance, investments funds and open pension fund.

PZU Tower, headquarters of PZU Group in Warsaw

History

In the first half of 2008 PZU Group received 11,882.5 million Polish zloty in insurance premiums. This is an increase of 50.6% over the same period in 2007.

PZU was first quoted on the Warsaw Stock Exchange in May 2010.

In March 2014, it was revealed that PZU and Vienna Insurance Group were in the race to acquire rival Lietuvos Draudimas for around $147 million.[1]

In December 2016, PZU together with Polish Development Fund acquired Bank Pekao - Poland's second largest bank previously owned by Italian bank UniCredit by buying a 32.8 per cent stake in the bank for the amount of PLN 10.6 billion (EUR 2.6 billion).[2]

References

  1. ↑ "PZU, Vienna Insurance in the race for Lithuania's top insurer". Reuters. 27 March 2014. Retrieved 28 March 2014.
  2. ↑ "UniCredit sells Bank Pekao stake to Powszechny Zakład Ubezpieczeń and Polski Fundusz Rozwoju". 8 December 2016. Retrieved 19 December 2016.

Media related to Powszechny Zakład Ubezpieczeń at Wikimedia Commons

This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.