Powszechny Zaklad Ubezpieczen S.A. (PZAKY) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

PZU Group results for the third quarter 2025 presentation. It will be led by our CEO, PZU CEO Bogdan Benczak and Tomasz Kulik, CFO of PZU Group and management board member of other PZU companies. Good afternoon. I'm extremely pleased to welcome you at the presentation of the PZU group results after nine months. That's my lifetime and first time opportunity for me to manage this presentation. So please understand my unwanted mistakes Let me start with the key achievements and plans as you have already seen in our press release. and in our stock exchange communication after nine months we've reached 23.1 billion sales with the consolidated profit of PLM 5.2 billion capital position 234% of solvability and 246% of standalone solvability The dividend yield for the dividend paid in October is at around 8%. AROE is at the level above 20%. That's a very good position, sort of a head start for me as the acting CEO of the EZU group. Let me stress that the growth that you've seen in insurance refers mainly to non-life insurance and in particular non-motor insurance. I'm extremely happy with this result because this is close to my heart. We've had a major growth in foreign markets where we are present in Lithuania, Latvia, Estonia, and Ukraine. We've had a growth in life insurance segment, especially in individual life insurance segment, and we've managed to substantially improve the results after three quarters. our capital position is very strong, it's robust and the figures are really, really good. The results after three quarters and parameters, profitability and capital adequacy parameters, will allow us to pay an attractive dividend in the next year. And about the level of a dividend, well, the details of the dividend, if the trajectory is kept, could be discussed the nex...