PZU Życie posts profit despite premiums falling short

However, the revenues from premiums rose by only 0.6%, falling short of the expected 4-5% increase, thus indicating lower sales dynamism. Therefore, the high profit may be accounted for by the company releasing some of its technical and insurance reserves and the fact the gross profit on the company's deposits rose by nearly 200% to zł.307.9 million. Also witnessing improved Q1 rewards, ING Nationale Nederlanden has announced it collected zł.226.15 million in premiums, up by 1.5% and, thanks to a lower CIT rate, increased its gross profit by 36.3% to zł.26 million. (Parkiet, p. 7) K.J.