PZU's results

PZU, Poland's largest insurer, last week reported a 13.8% jump in Q1 premium revenues, to zł.4.7 billion. Revenues from its non-life business increased by 6% to zł.2.45 billion, but sales growth was especially impressive at PZU Życie, the life-insurance unit, where premium revenues soared by 24% to zł.2.24 billion.

However, the Q1 performance was marred by a steep fall in net profit, which plunged by more than 37% to zł.732.1 million due to poor returns on the company's investment holdings.