PZU publishes Q2 2014 results

The consolidated net profit of Poland's largest insurer PZU in the second quarter of 2014 increased to PLN 959,9 million from PLN 837,2 a year before, the company reports. PZU's profit was slightly higher than market expectations, which assumed it to be PLN 904,7 million. The predictions of 10 stock brokers on the net results of Q2 differed from PLN 774 million to PLN 969 million. Gross written premiums of the group in Q2 were PLN 4083,9 million. The figure confirmed the predictions of the experts, who suggested it will be PLN 4062,8 million. Net compensations in Q2 amassed to PLN 2753,9 million. The market expected compensations on PLN 2749 million level.