By Patryk Wasilewski
WARSAW--Poland's top insurer, state-controlled Powszechny Zaklad
Ubezpieczen S.A. (PZU.WA), may pay out close to 2.6 billion zlotys
($666 million) in dividends from its 2014 net profit, Chief
Executive Andrzej Klesyk said Tuesday.
"I think the dividend payout will be close to the maximum
allowed level," Mr. Klesyk said.
The PZU's dividend policy caps the payout at annual standalone
earnings, which last year totaled PLN2.63 billion.
The insurer's chief financial officer, Przemyslaw Dabrowski,
said gross written premiums are likely to rise over 5% in 2015
following the takeover of a smaller rival in Poland and insurers in
the Baltic states in 2014.
PZU's gross written premiums amounted to PLN16.9 billion in
2014.
Write to Patryk Wasilewski at patryk.wasilewski@wsj.com
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