Powszechny Zakład Ubezpieczeń

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Powszechny Zakład Ubezpieczeń
Type Public
Traded as WSEPZU
Industry Insurance
Founded 1803
Headquarters Warszawa, Poland
Key people Andrzej Klesyk (general director)
Products Insurance
Revenue $4.083 Billion USD
Net income $953.2 Million USD
Employees 16,822
Website www.pzu.pl

PZU Group (PZU) (WSEPZU) is a leader on the insurance market and one of the largest financial institutions in Poland. It is also one of the top insurance groups 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[edit]

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]

References[edit]

  1. ^ "PZU, Vienna Insurance in the race for Lithuania's top insurer". Reuters. 27 March 2014. Retrieved 28 March 2014. 

External links[edit]