Due to the nature of operations undertaken by the companies of PZU Group, there are no accounts that would provide 10% or more of total revenues of PZU Group (defined as gross written premium). The note 49.3 presents revenues from biggest business partners of PZU Groups which are the entities controlled by the State Treasury.
- 4 Pillars
-
PZU Group in 2016
- CEO letter to shareholders
- Chairman of the supervisory board statement
- PZU in brief
- Summary of 2016
-
External environment
- Main trends in the Polish economy
- Financial market situation
- Insurance sector in Poland and in the Baltic states compared with Europe
- Regulations on the insurance and financial markets in Poland
- External environment in the Baltic states and Ukraine
- Macroeconomic factors which can affect the operations of the Polish insurance sector and PZU Group’s activities in 2017
-
Activity Of PZU Group
- Strategy 2020
- CSR
- Stock and investors
-
Corporate governance
- Corporate governance principles applied by PZU
- Application of good practices of companies quoted on WSE
- Application of corporate governance principles to supervised institutions
- Control system applied during preparation of the financial statements
- Entity authorized to audit financial statements
- Share capital and shareholders of PZU, stock held by members of its authorities
- By-laws of PZU
- General Shareholders’ Meeting, Supervisory Board and Management Board
- Remuneration of the members of the group’s bodies
- Representations of the Management Board
- Risk
-
Financial results
- Consolidated financial results
- Consolidated statement of profit or loss
- Consolidated statement of comprehensive income
- Consolidated statement of financial position
- Statement of changes in consolidated equity
- Consolidated cash flows statement
-
Additional information and notes
- 1. Introduction
- 2. Structure of PZU Group
- 3. The shareholding structure
- 4. Composition of the Management Board, Supervisory Board and Directors in the Group
-
5. Summary of significant accounting policies
- 5.1 Changes in accounting policies, accounting estimates and errors
- 5.2 Consolidation principles
- 5.3 Recognition of foreign currency transactions and balances and applied exchange rates
- 5.4 Acquisition method
- 5.5 Goodwill
- 5.6 Intangible assets
- 5.7 Property, plant and equipment
- 5.8 Impairment of tangible fixed assets and intangible assets
- 5.9 Costs of acquisition and deferred acquisition costs
- 5.10 Investment property
- 5.11 Associates and joint ventures
- 5.12 Financial instruments
- 5.13 Cash and cash equivalents
- 5.14 Assets and liabilities held for sale and disposal groups
- 5.15 Leasing
- 5.16 Equity
- 5.17 Insurance contracts
- 5.18 Provisions for employee benefits
- 5.19 Other provisions
- 5.20 Revenue recognition
- 5.21 Taxes
- 5.22 Earnings per share
- 6. Key estimates and judgments
- 7. Segment reporting
- 8. Risk management
- 9. Capital management
-
10. Fair value
- 10.1 Description of valuation techniques
- 10.2 Fair value hierarchy
- 10.3 Reclassifications between levels of fair value hierarchy
- 10.4 Reconciliation of the balance of recurring fair value measurement categorized within Level III of the fair value hierarchy
- 10.5 Changes in fair value measurement of financial instruments measured at fair value
- 11. Gross written premiums
- 12. Revenue from commissions and fees
- 13. Net investment income
- 14. Net result on realization and impairment losses on investments
- 15. Net change in the fair value of assets and liabilities measured at fair value
- 16. Other operating income
- 17. Insurance claims, benefits, and change in technical provisions
- 18. Costs of commissions and fees
- 19. Interest expense
- 20. Acquisition costs
- 21. Administrative expenses
- 22. Employee expenses
- 23. Other operating expenses
- 24. Income tax
- 25. Earnings per share
- 26. Income tax presented in other comprehensive income
- 27. Goodwill
- 28. Intangible assets
- 29. Other assets
- 30. Deferred acquisition costs
- 31. Tangible fixed assets
- 32. Investment property
- 33. Entities measured using the equity method
- 34. Financial assets
- 35. Receivables
- 36. Cash and cash equivalents
- 37. Assets held for sale
- 38. Issued share capital and other equity attributable to the owners of the parent entity
- 39. Technical provisions
- 40. Provisions for employee benefits
- 41. Other provisions
- 42. Deferred income tax
- 43. Financial liabilities
- 44. Other liabilities
- 45. Leasing
- 46. Assets recognized as collateral of receivables, liabilities and contingent liabilities
- 47. Contingent assets and liabilities
-
48. Litigation claims
- 48.1 Resolution of the General Meeting of Shareholders of PZU regarding 2006 profit distribution
- 48.2 Other demands for payment concerning the distribution of profit of PZU for 2006
- 48.3 Other legal proceedings concerning the distribution of profit of PZU for 2006
- 48.4 Proceeding conducted by the President of the Office of Competition and Consumer Protection ("OCCP") against PZU
- 48.5 Proceedings conducted by the President of the Office of Competition and Consumer Protection against PZU Życie
- 48.6 Submission of PZU claims to the insolvency estate of PBG Capital Group companies
- 49. Related party transactions
- 50. Employment
- 51. Other information