PZU with PLN 700 mln Q3 net profit

WSE-listed, state-owned insurer PZU recorded a PLN 700 million net profit in Q3, up by 7.9 percent y/y. Gross written premium reached PLN 5.32 billion, up by 10 percent y/y, while EBIT amounted to PLN 1.69 billion compared to PLN 910 million last year. “The group has PLN 300 billion in assets, which generated over PLN 3 billion in net profit at end-Q3, almost twice as much as in the corresponding period of 2016. Such high dynamics is due to both the greater presence of the group in the banking sector and improvement of the profitability in the core insurance business,”- said PZU CEO  Paweł Surówka.