Massive increase in insurance companies' H1 profits

This is 133.2% more than in H1 2004, according to the Central Statistical Office (GUS). The revenues from insurance policies increased by 10.8%, to reach a level of zł.15.3 billion. The most rapidly developing sector companies were those selling life insurance. In H1 they managed to increase the gross value of premiums by 19.8%, to zł.7.13 billion and it was mainly thanks to life insurance policies which allowed the firms to increase their combined revenues by zł.712 million. Customers' interest in investment fund policies was also at a high level, as here insurance companies recorded an increase of zł.362 million. The gradually growing revenues resulted in an improvement in the firms' basic activity, so called technical income, which increased by as much as 65% to hit the level of zł.1.09 billion. (Parkiet, p. 9) A.F.