Type Public Industry Insurance, Banking Products Insurance Headquarters Warsaw, Poland | Traded as WSE: PZU Key people Michał Krupiński (CEO) Revenue $4.083 Billion USD Founded 1803 | |
CEO Michał Krupiński (20 Jan 2016–) Stock price PZU (WSE) PLN 35.95 -0.36 (-0.99%)24 Mar, 5:04 PM GMT+1 - Disclaimer Subsidiaries Link4 Towarzystwo Ubezpieczeñ SA Profiles | ||
PZU Group (PZU) (WSE: PZU) is a leader publicly traded insurance company and one of the largest financial institutions in Poland. It is also one of the top insurance groups in Central and Eastern Europe. The main advantages of the Group concern the strong competitive position, high level of equity and high effectiveness of business activity.
PZU Group offers the largest selection of insurance products on the Polish market (nearly 200 insurance products) and constantly enhances the scope of provided services. The activity of PZU group encompasses the comprehensive insurance-financial service. The Group entities provide services in the area of non-life insurance, personal and life insurance, investments funds and open pension fund.
History
In the first half of 2008 PZU Group received 11,882.5 million Polish zloty in insurance premiums. This is an increase of 50.6% over the same period in 2007.
PZU was first quoted on the Warsaw Stock Exchange in May 2010.
In March 2014, it was revealed that PZU and Vienna Insurance Group were in the race to acquire rival Lietuvos Draudimas for around $147 million.
In December 2016, PZU together with Polish Development Fund acquired Bank Pekao - Poland's second largest bank previously owned by Italian bank UniCredit by buying a 32.8 per cent stake in the bank for the amount of PLN 10.6 billion (EUR 2.6 billion).