KNF: insurers with PLN 3.79 bln H1 profit

Net profit of insurers operating on the Polish market increased to PLN 3.79 billion in H1 compared to PLN 2.25 billion a year earlier. Gross written premiums amounted to PLN 31.57 billion compared to PLN 27.42 billion a year earlier, the Financial Supervision Authority (KNF) reported. Insurance costs increased to PLN 6.68 billion up from PLN 6.56 billion a year earlier. The gross value of claims and benefits paid out stood at PLN 19.74 billion compared to PLN 18.31 billion in H1 last year. Insurers assets at end-H1 grew to PLN 197.36 billion from PLN 185.11 billion the year before.