Insurance firm PZU Życie doubles its premiums y-o-y in h1
This would mean raising over zł.7 billion, while last year the figure stood at zł.3.6 billion. "PZU should thank PKO BP and Bank Millennium for this result," said Marcin Mazurek, head of advisory company Intelace Research.
Thanks to the cooperation with the two banks it was possible to improve the result, but according to the advisor this result is not likely to be repeated in the future. The property insurance arm of PZU also managed to sell more polices, but the growth stood at 6.2 percent in relation to the first three months of 2008.
However, due to higher growth of compensations than collection of premiums, as well as lower income on deposits, the net profit of PZU might have fallen to its lowest level in three years.
Source: Parkiet
Thanks to the cooperation with the two banks it was possible to improve the result, but according to the advisor this result is not likely to be repeated in the future. The property insurance arm of PZU also managed to sell more polices, but the growth stood at 6.2 percent in relation to the first three months of 2008.
However, due to higher growth of compensations than collection of premiums, as well as lower income on deposits, the net profit of PZU might have fallen to its lowest level in three years.
Source: Parkiet
