Powszechny Zakład Ubezpieczeń
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|Traded as||WSE: PZU|
|Michał Krupiński (CEO)|
|Revenue||$4.083 Billion USD|
|$953.2 Million USD|
Number of employees
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.
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 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).
- "PZU, Vienna Insurance in the race for Lithuania's top insurer". Reuters. 27 March 2014. Retrieved 28 March 2014.
- "UniCredit sells Bank Pekao stake to Powszechny Zakład Ubezpieczeń and Polski Fundusz Rozwoju". 8 December 2016. Retrieved 19 December 2016.
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