WARSAW--Poland insurer Powszechny Zaklad Ubezpieczen S.A.
(PZU.WA) reported on Wednesday a 1.9% rise in first-quarter net
profit.
Net profit was 838 million zlotys ($261 million) topping analyst
expectations of a PLN779 million profit.
Trading activities resulted in a PLN429 million gain. Trading
profits in the year-ago period were PLN873 million. The company has
a large bond and stock portfolio.
Gross written premiums were PLN4.43 billion--up 2.5% and beating
market expectations of PLN4.36 billion. Net claims fell to PLN2.73
billion. Analysts expected net claims to drop to PLN2.74
billion.
Write to Patryk Wasilewski at patryk.wasilewski@dowjones.com
Order free Annual Report for Powszechny Zaklad Ubezpieczen
SA
Visit http://djnweurope.ar.wilink.com/?ticker=PLPZU0000011 or
call +44 (0)208 391 6028
Order free Annual Report for Powszechny Zaklad Ubezpieczen
SA
Visit http://djnweurope.ar.wilink.com/?ticker=US7393791055 or
call +44 (0)208 391 6028
Subscribe to WSJ: http://online.wsj.com?mod=djnwires