Q3 2022 Powszechny Zaklad Ubezpieczen SA Earnings Call Transcript

Nov 24, 2022 / 11:00AM GMT
Tomasz Pawel Kulik - Powszechny Zaklad Ubezpieczen SA - Management Board Member

[Interpreted] I would like to welcome you cordially to the presentation summing up the PZU Group's results in Q3 2022.

During today's meeting, I'll walk you through the key events, the key highlights that took place in this period. We'll also talk about the market context in order to say a few words about how the changes transpiring in the market, have affected PZU and what we look like in the framework of these changes, and I'll say how this is translated into Q3 results, where we are with the execution of the PZU Group strategy basically at the midpoint. And in a very classic fashion, will end up with a Q&A session.

So I would like to invite all of you very cordially, and we can go ahead and kick off.

So if we look at Q3, we can say the following: Q3 is a wave of totally new challenges. So we had to deal with them. Our colleagues in the banking segment had to deal with them. There is additional volatility, uncertainty linked to development, economic growth, rising costs especially in terms of

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