PZU's net profit down by 84.5% in Q1/20

In the first quarter of 2020, the insurance giant PZU Group’s net profit decreased by 84.5 percent to PLN 116 million. The result is 80 percent lower than expectations of analysts surveyed by PAP.

The gross insurance premiums written were higher than a year ago and amounted to PLN 6.1 billion (+ 3.3 percent). Net earned premiums increased by 3 percent up to PLN 5.76 billion.