PZU Życie on verge of overtaking PZU

PZU Życie is a relatively new company, as it has been in existence for just 15 years. In 1991 both companies posted results of zł.200 million and zł.870 million respectively in revenues from insurance premium, which shows that from the start PZU revenue were four times bigger. The financial advantage of PZU was gradually eroded and stood at zł.600.2 million after Q1 2006. According to Krzysztof Rosiński, PZU Życie's deputy president, high dynamics were observed in all businesses sector. "We are happy about the 40% growth in individual insurances sold by agents," said Rosiński. In April the company's revenues amounted to zł.1.07 billion, which is almost double the average sales in Q2 of 2005. If 2006 projections are fulfilled, PZU Życie will post zł.4 billion from insurance premium after H1 and almost zł.8 billion for the whole year. This will mean that the company will soon overtake PZU. (Puls Biznesu, pp. 1, 8). M.K.