Navigation Map Download our best practices
Interactive navigation is a tool that goes beyond the standard navigation of the integrated content (available in the report drop-down bar). New approach allowed to navigate in the two additional business dimensions of the PZU Group, i.e .:
- strategy (insurance, health, investments, finances);
- sustainable development (sales, employees, social responsibility, natural environment and ethics).
The above-mentioned areas were additionally supplemented with related GRI indicators, within each selected issue.
- strategy (insurance, health, investments, finances);
- sustainable development (sales, employees, social responsibility, natural environment and ethics).
The above-mentioned areas were additionally supplemented with related GRI indicators, within each selected issue.
In the CHAPTER
GRI
- 102-7 Scale of the reporting organization
- 103-2 Approach to management and its elements
- 103-3 Evaluation of the approach to management
- 201-1 Direct economic value generated and distributed
- 102-13 Membership in associations and organizations
- 102-40 List of stakeholder groups engaged by the reporting organization
- 102-42 Basis for identification and selection of stakeholders engaged by the organization
- 102-43 Approach do engaging stakeholders, including the frequency of engagement by stakeholder type and group
- 102-44 Key issues and concerns raised by stakeholders and the organization’s response, also by reporting them
In the CHAPTER
GRI
- 102-8 Data pertaining to employees and other persons working for the organization
- 103-2 Approach to management and its elements
- 103-3 Evaluation of the approach to management
- 404-1 Average number of hours of training per year per employee
- 404-2 Managerial skill development and continuing education programs supporting continuity of employment of employees and facilitating the retirement process
- 404-3 Percentage of employees subject to regular assessments of work quality and professional development reviews, by gender and employment category
- G4-FS16 Initiatives to enhance financial literacy by type of beneficiary
In the CHAPTER
In the CHAPTER
GRI
- 103-3 Evaluation of the approach to management
- 307-1 Cash value of penalties and total number of non-financial sanctions for non-compliance with the law and/or regulations on environmental protection
- 301-1 Raw materials/materials used by weight and volume
- 302-1 Energy consumption by the organization, taking into account the types of raw materials
- 302-4 Reduction of consumption of energy
In the CHAPTER
GRI
- 102-9 Description of the supply chain
- 102-11 Explanation of whether and how the precautionary principle is addressed by the organization
- 102-15 Description of key impacts, opportunities and risks
- 102-16 Organization’s values, code of ethics, principles and norms of behavior
- 102-17 Internal and external mechanisms making it possible to obtain advice regarding the behaviors in ethical and legal issues and issues associated with the organization’s integrity
- 103-2 Approach to management and its elements
- 103-3 Evaluation of the approach to management
- 102-5 Organization’s form of ownership and legal form
- 102-18 Organization’s supervisory structure along with the commissions that report to the highest supervisory body
- 205-1 Actions assessed in terms of threats associated with corruption
- 205-2 Communication and training on anti-corruption policies and procedures in the organization
- 206-1 Legal steps taken against the organization for cases of violating the principles of free competition and monopolistic practices
- 405-1 Composition of supervisory bodies and employees broken down into employee groups by gender, age and other diversity factors
- 406-1 Total number of discrimination cases and corrective measures taken in this regard
- 419-1 Non-compliance with the law and socio- economic regulations
In the CHAPTER
GRI
- 103-2 Approach to management and its elements
- G4-FS13 Access points to sparsely populated areas that are less economically developed
- G4-FS14 Initiatives undertaken to improve access to financial services for disfavored persons
- G4-FS15 Policies for the fair design and sale of financial products and services
- 417-1 Internal requirements concerning the labeling of products and services and information regarding them
- 417-2 Incidents of non-compliance with regulations and voluntary codes concerning the labeling of products and services and information regarding them
- 417-3 Incidents of non-compliance with regulations and voluntary codes concerning marketing communications
Read more:
- Client at the center of attention
- Innovations
- Responsible sales
- Insurance
- Banking and strategic partnerships
- Working conditions
- Employee development
- Knowledge sharing
- Enhancing safety
- Health
- Improvement of living conditions in local communities
- Our impact on the natural environment
- Practical challenges in managing direct impact
- Products and adaptation to climate change
Business model
Employee
CSR
Environment
- Ethical foundations of business operations
- Preventing corruption and conflict of interests
- Diversity and respecting human rights
- Whistleblowing system
- Transaction security
- Risk management, taking into account non-financial risk
- Risk appetite
- PZU Group’s risk profile
- Reinsurance operations
- Polish and Baltic States insurance sector compared to Europe
- Regulations pertaining to the insurance market and the financial markets in Poland
- Non-life insurance (PZU, LINK4 and TUW PZUW)
- Life insurance (PZU Życie)
- International operations
- Contribution made by the market segments to the consolidated result
Risk and ethics
Market
Business
Financial results
Read more:
- Client at the center of attention
- Employee development
- Health
- Cultural patronage
- Practical challenges in managing direct impact
- Ethical foundations of business operations
- Diversity and respecting human rights
- Whistleblowing system
- Transaction security
- Risk appetite
- PZU Group’s risk profile
- Risk vulnerability
- Capital management
Business model
Employee
CSR
Environment
Risk and ethics
Read more:
- New approach to sales
- Working conditions
- Employee development
- Diversity and respecting human rights
Business model
Employee
Risk and ethics
Read more:
- Client at the center of attention
- Medical services (Health)
- Working conditions
- Enhancing safety
- Health
Business model
Employee
CSR
- Our impact on the natural environment
- Practical challenges in managing direct impact
- Diversity and respecting human rights
- Medical services (Health)
Environment
Risk and ethics
Business
Consolidated profit and loss account statement (2014-2018)
| Basic amounts of the consolidatedprofit and loss account (PLN million) | 2018 | 2017 | 2016 | 2015 | 2014 |
| Gross written premiums | 23.470 | 22.847 | 20.219 | 18.359 | 16.885 |
| Net earned premiums | 22.350 | 21.354 | 18.625 | 17.385 | 16.429 |
| Revenue from commissions and fees | 2.620 | 1.762 | 544 | 243 | 351 |
| Net investment income | 10.630 | 8.471 | 3.511 | 1.739 | 2.647 |
| Net claims and benefits | (14.563) | (14.941) | (12.732) | (11.857) | (11.542) |
| Acquisition costs | (3.130) | (2.901) | (2.613) | (2.376) | (2.147) |
| Administrative expenses | (6.609) | (5.357) | (2.923) | (1.658) | (1.528) |
| Interest expenses | (2.046) | (1.350) | (697) | (117) | (147) |
| Other operational revenues and expenses | (2.165) | (1.580) | (724) | (419) | (370) |
| Operating profit (loss) | 7.087 | 5.458 | 2.991 | 2.940 | 3.693 |
| Share in net profit (loss) of entities measured using the equity method | (1) | 16 | (3) | 4 | (2) |
| Gross profit (loss) | 7.086 | 5.474 | 2.988 | 2.944 | 3.692 |
| Net profit (loss), including: | 5.368 | 4.185 | 2.374 | 2.343 | 2.968 |
| Shareholders’ profit (loss) | 3.213 | 2.895 | 1.935 | 2.343 | 2.968 |
| Minority profit (loss) | 2.155 | 1.290 | 439 | - | - |
| Basic and diluted weighted average number of ordinary shares* | 863,347,220 | 863,519,608 | 863,510,930 | 863,523,000 | 863,519,490 |
| Number of shares issued | 863,523,000 | 863,523,000 | 863,523,000 | 863,523,000 | 863,523,000 |
| Basic and diluted PZU Group’s profit per ordinary Issuer’s share (in PLN) | 3.72 | 3.35 | 2.24 | 2.71 | 3.44 |
| Net profit of PZU (Issuer) | 2.712 | 2.459 | 1.573 | 2.249 | 2.637 |
| Basic and diluted Issuer’s profit per ordinary share (in PLN) | 3.14 | 2.85 | 1.82 | 2.60 | 3.05 |
*including shares in consolidated funds
Data as at 31 December 2014-2017 restated
Previous Year Content:
