KNF: insurers with PLN 5.69 bln profit in 2017

Net profit of insurers operating on the Polish market increased to PLN 5.69 billion in 2017 compared to PLN 4.09 billion a year earlier. Gross written premiums amounted to PLN 62.35 billion compared to PLN 55.88 billion a year earlier, the Financial Supervision Authority (KNF) reported.

Insurance costs dropped to PLN 13.75 billion up from PLN 13.36 billion a year earlier.

The gross value of claims and benefits paid out stood at PLN 38.23 billion compared to PLN 33.84 billion in 2016.

Insurers assets at end-2017 grew to PLN 196.61 billion from PLN 185.05 billion the year before.

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