KNF: insurers with PLN 1.02 bln Q1 profit

Net profit of insurers operating on the Polish market increased to PLN 1.02 billion in Q1 compared to PLN 611.59 million a year earlier. Gross written premiums amounted to PLN 15.95 billion compared to PLN 13.47 billion a year earlier, the Financial Supervision Authority (KNF) reported. Insurance costs increased to PLN 3.28 billion up from PLN 3.19 billion a year earlier. The gross value of claims and benefits paid out stood at PLN 9.69 billion compared to PLN 8.24 billion in Q1 last year.