Bogdan Benczak
CEO
Replay available
Powszechny Zaklad Ubezpieczen S.A. (PZAKY) Q2 2026 Earnings Call
Powszechny Zaklad Ubezpieczen S.A. (OTC: PZAKY) Q2 2026 earnings conference call, held 2026-08-21. Replay captured from the company's public earnings webcast.
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Maciej Fedyna
CFO
Investor webinar replay
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Replay transcript excerpt
WEBVTT 00:00:00.211 -- 00:00:05.555 Good morning ladies and gentlemen, welcome to this conference 00:00:05.555 -- 00:00:07.657 where we'll discuss 00:00:07.657 -- 00:00:12.681 the results of PZU group of the second quarter 2026 and the first half of 00:00:12.681 -- 00:00:16.004 2026. The presentation will be delivered by Mr. 00:00:16.004 -- 00:00:19.887 Benczak, CEO as well as Maciej Fedyna 00:00:19.887 -- 00:00:25.051 who's responsible for risk and finance area. 00:00:25.051 -- 00:00:27.613 CEO, Mr. Benczak, 00:00:27.613 -- 00:00:31.517 without further ado, I pass the floor to you. 00:00:31.517 -- 00:00:34.299 Welcome to this press conference 00:00:34.299 -- 00:00:38.842 after the first six months of 2026. 00:00:40.925 -- 00:00:46.170 Ladies and gentlemen, we have looked into the results of the PZN group following 00:00:46.170 -- 00:00:51.514 the first six months of our operations this year, and I must tell you, we have been proud 00:00:51.514 -- 00:00:53.450 of them. 00:00:53.450 -- 00:00:58.535 And I rush to tell you why the sad six months have proven really 00:00:58.535 -- 00:01:00.535 demanding. 00:01:00.737 -- 00:01:06.661 And this demanding character was very much due to geopolitical environment, 00:01:07.404 -- 00:01:12.589 which had a lot to say as regards the situation on the financial markets, but 00:01:12.589 -- 00:01:17.665 also it was due to what happened on the Polish market. 00:01:17.665 -- 00:01:22.768 We had new tax regulations, we had new regulations of 00:01:22.768 -- 00:01:24.768 ECJ 00:01:26.111 -- 00:01:27.632 and 00:01:27.632 -- 00:01:32.535 regulations concerning the tax rates, plus 00:01:32.535 -- 00:01:38.914 the very character of the transportation system settlement in Poland. 00:01:38.914 -- 00:01:42.276 This notwithstanding, we have prov...