PZU Q2 profit soars

WSE-listed, state-owned insurer PZU recorded a PLN 506 million consolidated net profit in Q2, up by 201.2 percent y/y, and down by 46.2 percent q/q. Gross written premium reached PLN 5.83 billion in Q2, up by 15.4 percent y/y. For H1, the gross written premium amounted to PLN 11.6 billion, which is the highest result in company’s history. “We are growing, trusting our customers, consistently realizing our strategy of not only increasing sales but also cost discipline, which allows us to constantly improve the profitability of our group,” company’s CEO Paweł Surówka said. The number of customer in H1, increased by 500k y/y, and 70k q/q.