2018 confirmed PZU Życie’s strong position as the leader in the periodic premium segment. PZU Życie’s share of the periodic premium insurance market at the end of Q3 2018 was at its highest since 2010 and was equal to 46%. Such a superb result was possible thanks to maintaining the very high attractiveness of the product offer, including an ever higher number of riders coupled with suitable risk pricing. The margin climbed 1.5 p.p. y/y to 22.1%. At the same time, this result was above the strategic objective for 2020 stated at the level of > 20%.
In 2018 we consistently developed our health business, which is one of the PZU Group’s fastest growing segments. Among other things, we opened three medical centers and we finalized two acquisitions at the turn of 2018/2019. At the end of 2018, our own medical center network numbered more than 60 entities. We constantly did work to cultivate our partnership cooperation. At the end of 2018, PZU Zdrowie cooperated with more than 2,100 partner centers in more than 500 towns and cities in Poland. From a business point of view, we posted an upswing of 53% y/y of in force contracts that numbered 2.3 million at the end of 2018. This translated into 26% revenue growth y/y to PLN 575 million, coupled with the simultaneous growth of EBITDA by 0.6 p.p. to 8.8%.
CEO of PZU Życie