Q1 2021 Powszechny Zaklad Ubezpieczen SA Earnings Call Transcript

May 27, 2021 / 10:00AM GMT
Tomasz Pawel Kulik - Powszechny Zaklad Ubezpieczen SA - Management Board Member

[Interpreted] Good afternoon, ladies and gentlemen. I'm very pleased to be able to welcome you to the summary of the results of the PZU Group for Q1 '21. As in the previous quarter, this meeting is being held solely with the utilization of remote means of communication. And as was the case in previous quarters, we'll walk through the main accomplishments of the group in the first quarter of this year. We'll say a few words about what's happened in various lines of business, then we'll sum up everything by looking at the financial results and we'll look at the operating segments results.

So we'll begin with the first quarter from the helicopter view, we've got -- we have a very strong start of the year, good beginning period. We've been able to keep our promises, not only with respect to delivering a high level of profitability, but also in terms of our dividend-related promises. What we would like to emphasize here is that we have a very high profit of PLN 897 million, much higher than in the previous -- corresponding

Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot