Reuters logo
Poland's PZU Q3 net profit up 8 pct y/y, above forecasts
November 15, 2017 / 6:25 AM / 7 days ago

Poland's PZU Q3 net profit up 8 pct y/y, above forecasts

WARSAW, Nov 15 (Reuters) - Poland’s biggest insurer PZU SA said on Wednesday net profit rose 8 percent year-on-year in the third quarter as the consolidation of recently-bought Pekao SA offset the financial cost of violent storms that hit Poland last summer.

Central and eastern Europe’s biggest insurer said its net profit rose to 700 million zlotys ($194.23 million). Analysts had expected a net profit of 668 million zlotys.

Gross written premiums at the state-run company rose to 5.33 billion zlotys from 4.84 billion zlotys a year earlier. Analysts had expected 5.399 billion zlotys. ($1 = 3.6040 zlotys) (Reporting by Agnieszka Barteczko; Editing by Biju Dwarakanath)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below