Insurance company 2003 results - the leaders remain the leaders

No distinctive gainers or losers could be seen - Commercial Union remains a leader on the market of individual life insurance while PZU Życie prevails in group life insurance. They, together with Amplico Life and ING Nationale Nederlanden, posted higher profits, mainly thanks to cost-cutting policies. There was no revolution in non-life insurance either and the two leaders, PZU and Warta, reported a slight (2%) drop in collected premiums, while Ergo Hestia was up 13% and Allianz even 41%. In the sector of non-life insurance in general only PZU Życie made a larger profit as compared to 2002 but this was mainly due to organizational changes, while Warta, Hestia and Allianz, recorded a drop in profits. (Gazeta Wyborcza, p. 24) K.J.