In the first half of 2026, the PZU Group's gross insurance revenue increased by PLN 426 million year-on-year to nearly PLN 15.7 billion. Net profit exceeded PLN 3 billion, the Group said in its press release.

The Group consistently implemented its strategy by strengthening its position in Ukraine and consolidating its assets in Poland, including preparations for the merger of PZU and LINK4. Shareholders also approved a record dividend of PLN 4.80 per share.

In the second quarter alone, the PZU Group's gross insurance revenues reached nearly PLN 7.9 billion, growing 2.4% year-on-year. Net profit reached nearly PLN 1.65 billion. Adjusted return on equity (aROE) reached 17.8% after the first half of the year. The Group maintained a high level of security even during a period of heightened volatility on global markets. The Solvency Adequacy Ratio II as of March 31, 2026, reached 230% for the PZU Group and 233% for PZU SA.

The PZU Group's growth in 1H2026 was primarily driven by the development of life insurance, non-motor property and health insurance, and the growth of external client assets in TFI PZU, Pekao TFI and Alior TFI.

In property insurance, the PZU Group focused on expanding its offerings in ​​mass non-motor insurance (up 6.4% year-on-year), particularly housing products and solutions for small and medium-sized enterprises. At the same time, the motor insurance market remained under the influence of persistent pricing pressure.

In life insurance, growth was recorded across all business lines. Individual protection insurance achieved a particularly strong result, with revenues increasing by 27% year-on-year, from PLN 407 million to PLN 517 million in the first half of 2026.

"We have a strong first half of the year behind us, confirming the resilience and strength of the PZU Group's diversified business model. We generated over PLN 3 billion in net profit and increased insurance revenue to nearly PLN 15.7 billion, despite a challenging market environment, persistent cost pressures, and a lower contribution from the banking sector. Strong results in property and life insurance, as well as a significant improvement in investment results in the second quarter, demonstrate that the PZU Group is effectively developing all key areas of its operations. At the same time, we are implementing important strategic initiatives, strengthening our position in the Ukrainian market, and preparing the merger of PZU and LINK4", commented Bogdan Benczak, CEO of PZU.

The full report can be found here.