Bogdan Bento
Chief Executive Officer
Replay available
Powszechny Zaklad Ubezpieczen S.A. (PZAKY) Q1 2026 Earnings Call
Powszechny Zaklad Ubezpieczen S.A. (OTC: PZAKY) Q1 2026 earnings conference call, held 2026-05-14. Replay captured from the company's public earnings webcast.
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Maciej Fadyna
Chief Financial Officer
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Replay transcript excerpt
WEBVTT 00:00:00.031 -- 00:00:02.311 Good afternoon. 00:00:02.735 -- 00:00:06.378 Welcome to the first conference 00:00:06.601 -- 00:00:12.607 dedicated to the discussion on the financial results 00:00:12.630 -- 00:00:14.052 for 00:00:14.052 -- 00:00:19.200 Q1 2026 and we are going to have this meeting moderated by CEO 00:00:19.200 -- 00:00:23.844 Bogdan Bento as well as my Chief Editor-in-Chief 00:00:23.887 -- 00:00:26.542 Mr Bento, cover to you. 00:00:26.542 -- 00:00:32.468 Good afternoon, welcome to the financial results conference following 00:00:32.468 -- 00:00:37.852 quarter 1, 2026 of PZU Group. 00:00:39.175 -- 00:00:44.441 It is my pleasure that I'm going to co-moderate this conference for the first time 00:00:44.441 -- 00:00:49.907 together with Margie Ferdinand, responsible for finance and risk 00:00:49.907 -- 00:00:54.549 and PZU Group. Welcome. 00:00:54.972 -- 00:00:58.033 Let us begin, shall we? 00:00:58.874 -- 00:01:04.040 First quarter 2026, Visio Group, well, we consider it a very solid 00:01:04.040 -- 00:01:06.781 opening of the country. 00:01:07.443 -- 00:01:12.709 As far as the market situation goes, with respect to our organisation, 00:01:12.709 -- 00:01:18.536 well, it has been less favourable as it was a year before. 00:01:18.536 -- 00:01:24.202 What are the factors behind? Firstly, volatility on international markets. 00:01:24.202 -- 00:01:25.643 Secondly, 00:01:25.643 -- 00:01:27.595 the fact that 00:01:27.595 -- 00:01:33.683 this year's winter season was indeed very wintery, 00:01:33.683 -- 00:01:39.049 unlike what we had in the past years. However, 00:01:39.049 -- 00:01:44.316 we are proud of the fact that we have generated record sales 00:01:44.316 -- 00:01:45.898 equivalent 00:01:45.898 -- 00:01:49.843 to 7.8 billion PLN, 00:01:49.843 -- 00...