Insurers' net profit down by 7% y/y

in H1 '20 Insurers' net profit in the first half of 2020 amounted to PLN 3.8 billion and was 7 percent lower than a year earlier, the Polish Insurance Association (PIU) announced. The net profit of life insurers amounted to PLN 1.5 billion and was by 13.7 percent higher than the year before. Non-life insurers ended this period with a profit of PLN 2.3 billion, which means a decrease of 16.7 percent.

The technical result of life insurance amounted to PLN 1.85 billion and was higher than the…