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    Financial Services

  3. •

    Insurance - Property & Casualty
Powszechny Zaklad Ubezpieczen S.A.

Powszechny Zaklad Ubezpieczen S.A.

PZU.WA
Powszechny Zaklad Ubezpieczen S.A.PL flagWarsaw Stock Exchange
67.70
PLN
-0.66
- -
58.45BMarket Cap
Powszechny Zaklad Ubezpieczen S.A.
PZU.WA
(Warsaw Stock Exchange)

Recent

price

67.70

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
20.11
19.95
23.39
22.5
22.89
23.39
27.57
39.83
45.47
48.57
46.6
47.3
48.32
63.1
72.39
74.94
76.36
Revenue per Share
2.82
2.72
3.77
3.81
3.44
2.71
2.24
3.35
3.72
3.82
2.21
3.86
4.38
6.69
6.19
7.76
7.3
Basic EPS, GAAP
0.36
1.64
-0.17
-0.26
-0.3
1.1
4.1
17.19
-0.49
0.17
31.64
7.13
23.93
31.22
31.22
10.44
6.4
Free Cash Flow per Basic Share
1.07
2.51
2.17
4.82
1.7
4.7
2.08
1.4
2.5
2.8
- -
3.5
1.94
2.4
4.34
4.47
- -
Dividend per Share
7.12
5.6
5.89
4.69
3.8
3.22
2.46
16.11
2.73
3.63
19.63
9.8
27.41
31.13
31
32.38
13.23
Book Value per Share
14.69
14.7
16.3
14.84
13.35
14.12
16.23
35.07
35.16
37.18
43.34
44.95
49.03
62.95
68.01
76.46
78.89
Tangible Book Value per Share
864
864
864
864
864
864
864
864
863
863
863
863
863
863
863
863
863
Basic Weighted Avg Shares
17,368
17,231
20,202
19,428
19,767
20,200
23,803
34,391
39,257
41,928
40,235
40,840
41,716
54,482
62,499
64,701
65,927
Sales/Revenue/Turnover
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
- -
123
121
104
210
359
412
884
1,103
1,293
1,319
1,348
1,328
1,386
1,499
1,517
389
Depreciation Expense
2,439
2,345
3,255
3,293
2,968
2,343
1,935
2,895
3,213
3,295
1,912
3,336
3,781
5,780
5,342
6,699
6,301
Net Income, GAAP
19.48
19.38
19.43
20.04
19.61
20.41
20.55
23.55
24.24
26.77
37.65
27.1
30.37
22.46
22.18
21.61
23.15
Effective Tax Rate (%)
14.04
13.61
16.11
16.95
15.01
11.6
8.13
8.42
8.18
7.86
4.75
8.17
9.06
10.61
8.55
10.35
9.56
Profit Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Working Capital
- -
759
1,006
227
2,626
7,487
8,898
20,356
24,114
22,577
22,163
19,684
24,059
25,508
30,469
36,939
36,344
LT Debt
12,800
12,870
14,269
13,128
13,168
15,118
17,057
37,560
37,407
39,288
43,403
44,986
48,425
60,552
65,257
72,653
74,695
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
45.28
41.85
56.7
64.52
60.51
26.52
14.88
7.37
5.01
5.98
3.36
2.58
8.62
7.76
5.63
5.43
5.96
Return on Capital (%)
42
42.7
65.63
72.11
80.98
77.3
78.93
36.11
39.49
119.99
19.04
26.26
23.54
22.87
19.92
24.48
54.57
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
- -
- -
LT Borrowings
31,160
35,118
34,476
LT Finance Leases
1,637
1,821
1,868
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
864
864
864
Market Capitalization
46,931
57,619
55,305

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
75,900
75,701
73,933
Accounts Receivable, Net
4,399
4,686
5,259
Inventories
67
54
50
Total Current Liabilities
- -
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
20.36%
11.09%
11.33%
Free Cash Flow
1,921.43%
24.4%
-66.57%
Net Income, GAAP
16.23%
31.7%
25.4%
Sales/Revenue/Turnover
13.17%
10.49%
3.52%
Total Cash Common Dividend
- -
17.59%
2.96%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
13,291
13,148
14,093
14,596
62,499
2025
15,741
14,196
14,623
22,041
64,701
2026
15,067
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.45
1.38
1.41
- -
6.19
2025
2.04
1.7
2.31
- -
7.76
2026
1.58
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
4.34
2025
- -
- -
- -
- -
4.47
2026
- -
- -
- -
- -
- -
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Business
Powszechny Zakład Ubezpieczeń S.A. is a prominent financial conglomerate offering a broad spectrum of insurance and financial products across Poland, the Baltic states, and Ukraine. Dating back to 1803, the company stands as Poland's largest and oldest insurer, serving a diverse clientele that includes individuals, small and medium-sized enterprises, and large corporate entities. The group’s extensive portfolio encompasses both life and non-life insurance coverage, featuring options such as motor, property, casualty, agricultural, and third-party liability policies, alongside comprehensive accident and various life insurance plans. Beyond its core insurance offerings, PZU extends its services into a robust financial ecosystem. This includes managing pension and investment funds, providing a wide array of banking services through its subsidiaries like Alior Bank and Bank Pekao, and delivering comprehensive healthcare solutions under the PZU Zdrowie brand, which offers medical consultations, hospital care, physical therapy, and other assistance and wellness programs. PZU is actively pursuing its "Future with Certainty" strategy for 2025-2027, which involves streamlining its corporate structure, enhancing its digital client platform "mojePZU" to reach 8 million users, and committing significant investments to its healthcare sector. The company is also intensifying its focus on core insurance activities, particularly in corporate property insurance, aligning with green transformation projects, and developing its role in Poland's energy transition. Headquartered in Warsaw, Poland, PZU remains a leader in Central and Eastern Europe, continuously evolving its integrated service model to deliver financial security and innovative solutions to its millions of customers.