The PZU Group conducts various activities in insurance and finance. In particular, the PZU Group’s companies provide services in life insurance, non-life insurance, health insurance and they manage client assets within its open-ended pension fund and mutual funds, and thanks to its investment in Bank Pekao and Alior Bank they also offer banking services.
Structure of the PZU Group (as at 31 December 2018)
1 PZU Zdrowie has 6 branches: CM Nasze Zdrowie, CM Medicus, CM Cordis, CM Warszawa, CM Kraków i CM Poznań
2 The Centrum Medyczne Medica Group is composed of the following companies: Centrum Medyczne Medica Sp. z o.o. and Sanatorium Uzdrowiskowe “Krystynka” Sp. z o.o.
3 The Alior Bank Group is composed of the following companies: Alior Bank SA, Alior Services sp. z o.o., Alior Leasing sp. z o.o., Meritum Services ICB SA, Alior TFI SA, New Commerce Services sp. z o.o., Absource Sp. z o.o.
4 The Bank Pekao Group is composed of the following companies: Bank Pekao SA, Pekao Bank Hipoteczny SA, Centralny Dom Maklerski Pekao SA, Pekao Leasing sp. z o.o., Pekao Investment Banking SA, Pekao Faktoring sp. z o.o., Centrum Kart SA, Centrum Bankowości Bezpośredniej sp. z o.o., Pekao Property SA, Dom Inwestycyjny Xelion Sp. z o.o., Pekao Investment Management SA, CPF Management
5 The Armatura Group is composed of the following companies: Armatura Kraków SA, Aquaform SA, Aquaform Ukraine TOW, Aquaform Romania SRL
The structure does not include mutual funds or companies in liquidation.
PZU – as the parent company – through its representatives in supervisory bodies of subsidiaries and voting at their shareholder meetings, exerts an impact on the selection of strategic directions regarding both the scope of business and the finances of the Group members. As selected companies focus on their specialization and utilize their membership in the Tax Group, these companies render services to one another on chosen markets pursuant to an internal cost allocation model (under the Tax Group).
The following changes transpired in the structure of the PZU Group in 2018 and up to the date of publication of this report: