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Poland's largest insurer, state-influenced, offering life, non-life insurance, pensions and banking stakes.
Poland's largest insurer, state-influenced, offering life, non-life insurance, pensions and banking stakes.
Collects premiums on motor, property, life and health policies and invests them, so income depends on claims against premiums and on investment returns. Poland is the main market, with Baltic subsidiaries. The Polish State Treasury is the largest shareholder, and its minority stakes in Pekao and Alior banks add dividends and earnings.
In one line: A Polish state-linked Allstate/MetLife hybrid.
Moat: narrow (scale, brand, distribution). Dominant Polish insurance market share and distribution network built over decades as the former state insurer.
Headquarters: Warsaw, Poland · Founded: 1803 · Employees: 38,655
Size Powszechny Zaklad Ubezpieczen Spolka Akcyjna (PZU.WA) is a Poland Financials company (Multi-Line Insurance) with a market value of $16.1B, the 6th largest of 83 Poland companies the cockpit tracks. Shares closed at PLN 73.00 on 6 Nov 2026.
Performance Over six months the shares gained 14.6%, against +8.4% for the median peer and +14.3% for the Poland market (cap-weighted) — 7th highest of 21 in its peer set.
Growth Revenue grew 0.6% over the last twelve months (peer median +7.9%); the operating margin is 36.7% (peer median 11.3%).
Valuation It trades at 1.83× book value against a peer median of 1.75× (9th most expensive of 21).
Price implies The share price implies a return on equity of about 19.5%; Powszechny Zaklad Ubezpieczen Spolka Akcyjna delivers 19.5%, so the price asks less than the business earns today.
Next results Next results expected around 19 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | PLN 66.6B | PLN 66.7B | PLN 64.5B | PLN 61.4B | PLN 49.2B |
| Revenue growth | — | +3% | +5% | +25% | — |
| Net income | PLN 6.48B | PLN 6.70B | PLN 5.34B | PLN 5.78B | PLN 3.78B |
| Free cash flow | PLN 24.6B | PLN 18.4B | PLN 30.5B | PLN 29.3B | PLN 22.8B |
| Capital expenditure | PLN 1.67B | PLN 1.51B | PLN 1.39B | PLN 1.30B | PLN 1.03B |
| Total debt | PLN 47.6B | PLN 40.8B | PLN 34.5B | PLN 29.2B | PLN 28.1B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Powszechny Zaklad Ubezpieczen Spolka Akcyjna PZU.WA | $16.1B | +15% | +1% | 20% | 1.83× | 19.5% |
| Talanx TLX.DE | $37.6B | +24% | +2% | 20% | 2.33× | 10.2% |
| NN Group N.V. NN.AS | $22.4B | +4% | +39% | 9% | 1.08× | 6.9% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | PZU.WA | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +1.1% | +5.6% | 7th lowest of 21 |
| 6-month return | +14.6% | +8.4% | 7th highest of 21 |
| Return on equity | 19.5% | 15.0% | 7th highest of 21 |
| Price / book | 1.83× | 1.75× | 9th most expensive of 21 |
| Trailing P/E | 9.7× | 14.6× | 4th cheapest of 20 |
| ROE the price implies | 19.5% | 10.9% | 5th most demanding of 21 |
| ROE delivered | 19.5% | 13.1% | 6th highest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Powszechny Zaklad Ubezpieczen Spolka Akcyjna PZU.WA | Poland | $16.1B | +15% | +1% | 20% | 1.83× | 19.5% | 19.5% |
| Brookfield Wealth Solutions BNT.TO | Canada | $14.9B | -8% | -18% | 1% | 0.70× | 9.4% | 0.7% |
| ASR Nederland ASRNL.AS | Netherlands | $17.3B | +14% | +6% | 13% | 1.74× | 8.3% | 13.1% |
| Suncorp SUN.AX | Australia | $14.9B | +21% | -3% | 10% | 2.08× | 11.7% | 9.8% |
| Gjensidige Forsikring GJF.OL | Norway | $14.7B | +9% | +7% | 30% | 5.73× | 19.1% | 29.9% |
| Mapfre MAP.MC | Spain | $14.1B | -2% | +5% | 12% | 1.26× | 8.4% | 12.4% |
| CNA Financial CNA | United States | $12.8B | +9% | +2% | 10% | 1.25× | 7.2% | 9.6% |
| Aegon AGN.AS | Netherlands | $12.7B | +4% | +16% | 10% | 1.25× | 8.2% | 10.5% |
| Unum UNM | United States | $12.2B | -5% | -5% | 3% | 1.52× | 8.1% | 2.6% |
| Globe Life GL | United States | $12.1B | +4% | +6% | 21% | 2.08× | 11.7% | n/a |
| New China Life Insurance 1336.HK | Hong Kong | $21.5B | -24% | +44% | 42% | 0.87× | 10.3% | 42.3% |
| Legal & General LGEN.L | United Kingdom | $21.9B | +24% | +137% | 26% | 7.73× | 70.7% | 26.2% |
| Aditya Birla Capital ABCAPITAL.NS | India | $11.5B | +8% | +24% | 12% | 2.56× | 41.9% | 12.1% |
| Unipol Assicurazioni UNI.MI | Italy | $23.8B | +13% | +7% | 17% | 1.62× | 14.9% | 16.9% |
| Helvetia Baloise HBAN.SW | Switzerland | $27.0B | +5% | +54% | 4% | 1.80× | 4.8% | 4.0% |
| W. R. Berkley WRB | United States | $27.9B | +16% | +1% | 19% | 2.91× | 12.8% | 19.2% |
| Cincinnati Financial CINF | United States | $28.5B | +15% | +10% | 17% | 1.76× | 10.6% | 16.9% |
| Aviva AV..L | United Kingdom | $29.5B | +18% | +86% | 7% | 2.46× | 23.8% | 6.8% |
| Kinsale Capital KNSL | United States | $8.64B | +26% | +8% | 28% | 4.70× | 30.6% | 27.8% |
| Prudential 2378.HK | Hong Kong | $30.8B | -24% | +30% | 19% | 1.54× | 11.3% | 19.3% |
| China Taiping Insurance 0966.HK | Hong Kong | $8.28B | -24% | +19% | 36% | 0.63× | 8.1% | 36.2% |