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Poland: PZU Below Profit Expectations
Polish insurer PZU missed the profit expectations in the last quarter in 2013.
Insurance company PZU missed the targeted net profit by more than 11 percent. / Picture: © Vindobona.org
Insurance company PZU missed the targeted net profit of PLN 595.2m by more than 11 percent. In the last quarter of 2013 net profits came at PLN 528.2m which is 11.3 percent below the insurer’s target.
Gross premiums came at PLN 4.08bn in the fourth quarter last year, which is 1 percent above the target and a 4.4-percent-growth compared to the previous quarter and down 0.2…
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