Powszechny Zaklad Ubezpieczen S.A. (PZAKY) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon. Welcome to the first conference dedicated to the discussion on the financial results for Q1 2026 and we are going to have this meeting moderated by CEO Bogdan Bento as well as my Chief Editor-in-Chief Mr Bento, cover to you. Good afternoon, welcome to the financial results conference following quarter 1, 2026 of PZU Group. It is my pleasure that I'm going to co-moderate this conference for the first time together with Margie Ferdinand, responsible for finance and risk and PZU Group. Welcome. Let us begin, shall we? First quarter 2026, Visio Group, well, we consider it a very solid opening of the country. As far as the market situation goes, with respect to our organisation, well, it has been less favourable as it was a year before. What are the factors behind? Firstly, volatility on international markets. Secondly, the fact that this year's winter season was indeed very wintery, unlike what we had in the past years. However, we are proud of the fact that we have generated record sales equivalent to 7.8 billion PLN, the highest result ever after the first quarter. Simultaneously, we managed to have 1.4 billion in terms of net profit. This comes as the aftermath of a very conscious risk management and a very diversified risk handling scheme. Margie will elaborate on various factors that had a lot to do with this result following Q1. But this Q1 has been concluded with a very stable position. Solvency to ratio 239%. Yesterday the supervisory board recommended to pay on the dividend in the height of Vosloty's 80 gr per share dividend yield equivalent to around 7.6% on May 12 there have been 16 years since our debut on the Warsaw Stock Exchange in that period of time we paid and almost 37 billion zlotys in dividend you can see the graph attached total retu...