Navigation Map Download our best practices
Interactive navigation is a tool that goes beyond the standard navigation of the integrated content (available in the report drop-down bar). New approach allowed to navigate in the two additional business dimensions of the PZU Group, i.e .:
- strategy (insurance, health, investments, finances);
- sustainable development (sales, employees, social responsibility, natural environment and ethics).
The above-mentioned areas were additionally supplemented with related GRI indicators, within each selected issue.
- strategy (insurance, health, investments, finances);
- sustainable development (sales, employees, social responsibility, natural environment and ethics).
The above-mentioned areas were additionally supplemented with related GRI indicators, within each selected issue.
In the CHAPTER
GRI
- 102-7 Scale of the reporting organization
- 103-2 Approach to management and its elements
- 103-3 Evaluation of the approach to management
- 201-1 Direct economic value generated and distributed
- 102-13 Membership in associations and organizations
- 102-40 List of stakeholder groups engaged by the reporting organization
- 102-42 Basis for identification and selection of stakeholders engaged by the organization
- 102-43 Approach do engaging stakeholders, including the frequency of engagement by stakeholder type and group
- 102-44 Key issues and concerns raised by stakeholders and the organization’s response, also by reporting them
In the CHAPTER
GRI
- 102-8 Data pertaining to employees and other persons working for the organization
- 103-2 Approach to management and its elements
- 103-3 Evaluation of the approach to management
- 404-1 Average number of hours of training per year per employee
- 404-2 Managerial skill development and continuing education programs supporting continuity of employment of employees and facilitating the retirement process
- 404-3 Percentage of employees subject to regular assessments of work quality and professional development reviews, by gender and employment category
- G4-FS16 Initiatives to enhance financial literacy by type of beneficiary
In the CHAPTER
In the CHAPTER
GRI
- 103-3 Evaluation of the approach to management
- 307-1 Cash value of penalties and total number of non-financial sanctions for non-compliance with the law and/or regulations on environmental protection
- 301-1 Raw materials/materials used by weight and volume
- 302-1 Energy consumption by the organization, taking into account the types of raw materials
- 302-4 Reduction of consumption of energy
In the CHAPTER
GRI
- 102-9 Description of the supply chain
- 102-11 Explanation of whether and how the precautionary principle is addressed by the organization
- 102-15 Description of key impacts, opportunities and risks
- 102-16 Organization’s values, code of ethics, principles and norms of behavior
- 102-17 Internal and external mechanisms making it possible to obtain advice regarding the behaviors in ethical and legal issues and issues associated with the organization’s integrity
- 103-2 Approach to management and its elements
- 103-3 Evaluation of the approach to management
- 102-5 Organization’s form of ownership and legal form
- 102-18 Organization’s supervisory structure along with the commissions that report to the highest supervisory body
- 205-1 Actions assessed in terms of threats associated with corruption
- 205-2 Communication and training on anti-corruption policies and procedures in the organization
- 206-1 Legal steps taken against the organization for cases of violating the principles of free competition and monopolistic practices
- 405-1 Composition of supervisory bodies and employees broken down into employee groups by gender, age and other diversity factors
- 406-1 Total number of discrimination cases and corrective measures taken in this regard
- 419-1 Non-compliance with the law and socio- economic regulations
In the CHAPTER
GRI
- 103-2 Approach to management and its elements
- G4-FS13 Access points to sparsely populated areas that are less economically developed
- G4-FS14 Initiatives undertaken to improve access to financial services for disfavored persons
- G4-FS15 Policies for the fair design and sale of financial products and services
- 417-1 Internal requirements concerning the labeling of products and services and information regarding them
- 417-2 Incidents of non-compliance with regulations and voluntary codes concerning the labeling of products and services and information regarding them
- 417-3 Incidents of non-compliance with regulations and voluntary codes concerning marketing communications
Read more:
- Client at the center of attention
- Innovations
- Responsible sales
- Insurance
- Banking and strategic partnerships
- Working conditions
- Employee development
- Knowledge sharing
- Enhancing safety
- Health
- Improvement of living conditions in local communities
- Our impact on the natural environment
- Practical challenges in managing direct impact
- Products and adaptation to climate change
Business model
Employee
CSR
Environment
- Ethical foundations of business operations
- Preventing corruption and conflict of interests
- Diversity and respecting human rights
- Whistleblowing system
- Transaction security
- Risk management, taking into account non-financial risk
- Risk appetite
- PZU Group’s risk profile
- Reinsurance operations
- Polish and Baltic States insurance sector compared to Europe
- Regulations pertaining to the insurance market and the financial markets in Poland
- Non-life insurance (PZU, LINK4 and TUW PZUW)
- Life insurance (PZU Życie)
- International operations
- Contribution made by the market segments to the consolidated result
Risk and ethics
Market
Business
Financial results
Read more:
- Client at the center of attention
- Employee development
- Health
- Cultural patronage
- Practical challenges in managing direct impact
- Ethical foundations of business operations
- Diversity and respecting human rights
- Whistleblowing system
- Transaction security
- Risk appetite
- PZU Group’s risk profile
- Risk vulnerability
- Capital management
Business model
Employee
CSR
Environment
Risk and ethics
Read more:
- New approach to sales
- Working conditions
- Employee development
- Diversity and respecting human rights
Business model
Employee
Risk and ethics
Read more:
- Client at the center of attention
- Medical services (Health)
- Working conditions
- Enhancing safety
- Health
Business model
Employee
CSR
- Our impact on the natural environment
- Practical challenges in managing direct impact
- Diversity and respecting human rights
- Medical services (Health)
Environment
Risk and ethics
Business
34.3 Quantitative data
| Derivatives as at 31 December 2018 | Base amount by maturities | Assets | Liabilities | ||||
| Up to 3 months | Over 3 months up to 1 year | Over 1 year to 5 years | Over 5 years | Total | |||
| Related to interest rates | 21,889 | 70,485 | 111,548 | 32,426 | 236,348 | 1,971 | 2,933 |
| Instruments designated as fair value hedges – unquoted instruments, including: | 262 | 128 | 1,408 | 1,535 | 3,333 | 21 | 144 |
| - SWAP transactions | 262 | 128 | 1,408 | 1,535 | 3,333 | 21 | 144 |
| Instruments designated as cash flow hedges – unquoted instruments, including: | 3,150 | 4,234 | 10,336 | 6,323 | 24,043 | 374 | 770 |
| - SWAP transactions | 3,150 | 4,234 | 10,336 | 6,323 | 24,043 | 374 | 770 |
| Instruments carried as held for trading, including: | 18,477 | 66,123 | 99,804 | 24,568 | 208,972 | 1,576 | 2,019 |
| Unquoted instruments, including: | 18,477 | 66,123 | 99,804 | 24,568 | 208,972 | 1,576 | 2,019 |
| - FRA transactions | 7,609 | 7,100 | 300 | - | 15,009 | 2 | 2 |
| - SWAP transactions | 10,208 | 56,405 | 94,891 | 24,486 | 185,990 | 1,564 | 2,012 |
| - call options (purchase) | 330 | 1,719 | 2,883 | 54 | 4,986 | 6 | 2 |
| - put options (sale) | 330 | 899 | 1,730 | 28 | 2,987 | 4 | 3 |
| Related to exchange rates | 40,041 | 17,290 | 4,803 | 43 | 62,177 | 302 | 250 |
| Instruments designated as cash flow hedges – unquoted instruments, including: | 2,438 | 688 | - | - | 3,126 | 31 | 1 |
| - SWAP transactions | 2,438 | 688 | - | - | 3,126 | 31 | 1 |
| Instruments carried as held for trading, including: | 37,603 | 16,602 | 4,803 | 43 | 59,051 | 271 | 249 |
| Instruments quoted on a regulated market, including: | 570 | 4,397 | - | - | 4,967 | 4 | 3 |
| - forward contracts | 570 | 4,397 | - | - | 4,967 | 4 | 3 |
| Unquoted instruments, including: | 37,033 | 12,205 | 4,803 | 43 | 54,084 | 267 | 246 |
| - forward contracts | 9,689 | 5,140 | 1,661 | - | 16,490 | 88 | 128 |
| - SWAP transactions | 24,792 | 2,351 | 952 | 43 | 28,138 | 115 | 54 |
| - call options (purchase) | 1,201 | 2,230 | 1,107 | - | 4,538 | 46 | 22 |
| - put options (sale) | 1,351 | 2,484 | 1,083 | - | 4,918 | 18 | 42 |
| Related to prices of securities | 2,108 | 1,186 | 2,149 | - | 5,443 | 78 | 49 |
| Instruments quoted on a regulated market, including: | 326 | 219 | 243 | - | 788 | 11 | 13 |
| - forward contracts | 326 | 211 | 243 | - | 780 | 10 | 13 |
| - put options (sale) | - | 8 | - | - | 8 | 1 | - |
| Unquoted instruments, including: | 1,782 | 967 | 1,906 | - | 4,655 | 67 | 36 |
| - call options (purchase) | 353 | 590 | 1,906 | - | 2,849 | 66 | 2 |
| - put options (sale) | 1,429 | 377 | - | - | 1,806 | 1 | 34 |
| Related to commodity prices | 1,752 | 2,295 | 620 | - | 4,667 | 136 | 133 |
| Instruments quoted on a regulated market, including: | 460 | 9 | - | - | 469 | 19 | 17 |
| - forward contracts | 460 | 9 | - | - | 469 | 19 | 17 |
| Unquoted instruments, including: | 1,292 | 2,286 | 620 | - | 4,198 | 117 | 116 |
| - forward contracts | 435 | 9 | - | - | 444 | 16 | 17 |
| - SWAP transactions | 529 | 372 | 72 | - | 973 | 46 | 45 |
| - call options (purchase) | 205 | 1,084 | 324 | - | 1,613 | 21 | 5 |
| - put options (sale) | 123 | 821 | 224 | - | 1,168 | 34 | 49 |
| Total | 65,790 | 91,256 | 119,120 | 32,469 | 308,635 | 2,487 | 3,365 |
| Derivatives as at 31 December 2017 | Base amount by maturities | Assets | Liabilities | ||||
| Up to 3 months | Over 3 months up to 1 year | Over 1 year to 5 years | Over 5 years | Total | |||
| Related to interest rates | 20,461 | 33,068 | 116,218 | 26,450 | 196,197 | 1,699 | 2,797 |
| Instruments designated as fair value hedges – unquoted instruments, including: | 115 | - | 1,744 | 1,696 | 3,555 | 16 | 186 |
| - SWAP transactions | 115 | - | 1,744 | 1,696 | 3,555 | 16 | 186 |
| Instruments designated as cash flow hedges – unquoted instruments, including: | 2,950 | 1,653 | 12,849 | 2,181 | 19,633 | 289 | 682 |
| - SWAP transactions | 2,950 | 1,653 | 12,849 | 2,181 | 19,633 | 289 | 682 |
| Instruments carried as held for trading, including: | 17,396 | 31,415 | 101,625 | 22,573 | 173,009 | 1,394 | 1,929 |
| Unquoted instruments, including: | 17,396 | 31,415 | 101,625 | 22,573 | 173,009 | 1,394 | 1,929 |
| - FRA transactions | 1,285 | 450 | - | - | 1,735 | 1 | - |
| - SWAP transactions | 14,932 | 27,813 | 96,648 | 22,468 | 161,861 | 1,381 | 1,921 |
| - call options (purchase) | 411 | 1,363 | 3,854 | 11 | 5,639 | 10 | 2 |
| - put options (sale) | 768 | 1,789 | 1,123 | 94 | 3,774 | 2 | 6 |
| Related to exchange rates | 37,435 | 11,455 | 2,060 | 42 | 50,992 | 444 | 517 |
| Instruments designated as cash flow hedges – unquoted instruments, including: | 480 | 501 | - | - | 981 | 42 | - |
| - SWAP transactions | 480 | 501 | - | - | 981 | 42 | - |
| Instruments carried as held for trading, including: | 36,955 | 10,954 | 2,060 | 42 | 50,011 | 402 | 517 |
| Instruments quoted on a regulated market, including: | 456 | - | - | - | 456 | 19 | 1 |
| - forward contracts | 456 | - | - | - | 456 | 19 | 1 |
| Unquoted instruments, including: | 36,499 | 10,954 | 2,060 | 42 | 49,555 | 383 | 516 |
| - forward contracts | 11,684 | 4,300 | 945 | - | 16,929 | 175 | 221 |
| - SWAP transactions | 22,650 | 2,851 | 462 | 42 | 26,005 | 164 | 256 |
| - call options (purchase) | 1,005 | 1,323 | 71 | - | 2,399 | 27 | 8 |
| - put options (sale) | 1,160 | 2,480 | 582 | - | 4,222 | 17 | 31 |
| Related to prices of securities | 485 | 2,430 | 2,924 | - | 5,839 | 104 | 57 |
| Unquoted instruments, including: | 485 | 2,430 | 2,924 | - | 5,839 | 104 | 57 |
| - call options (purchase) | 279 | 1,245 | 1,666 | - | 3,190 | 102 | 10 |
| - put options (sale) | 206 | 1,185 | 1,258 | - | 2,649 | 2 | 47 |
| Related to commodity prices | 827 | 718 | 983 | - | 2,528 | 104 | 103 |
| Instruments quoted on a regulated market, including: | 285 | 40 | 7 | - | 332 | 10 | 21 |
| - forward contracts | 285 | 40 | 7 | - | 332 | 10 | 21 |
| Unquoted instruments, including: | 542 | 678 | 976 | - | 2,196 | 94 | 82 |
| - forward contracts | 227 | 26 | - | - | 253 | 19 | 7 |
| - SWAP transactions | 252 | 233 | 190 | - | 675 | 59 | 59 |
| - call options (purchase) | 45 | 240 | 398 | - | 683 | 15 | 8 |
| - put options (sale) | 18 | 179 | 388 | - | 585 | 1 | 8 |
| Total | 59,208 | 47,671 | 122,185 | 26,492 | 255,556 | 2,351 | 3,474 |
