Q1 2023 Powszechny Zaklad Ubezpieczen SA Earnings Call Transcript
[Interpreted] Ladies and gentlemen, I'd like to welcome everyone who's gathered here in our office. And today, we are going to sum up the results of the PZU Group for the first quarter of this year. I'd also like to welcome all those who have joined remotely.
Okay. So without further ado, let's get to our main topic. This is a very important quarter, and that's because it's the first time when we're showing our results according to the new standard that is binding for all insurance companies from this year, including a transformation for the parallel period from the period -- the previous year. So it's the first time when we are presenting the results in such a way. The preparation of the market for the implementation of the new standards took a lot of time, which means that it was not trivial.
So I can assume that this presentation may not be obvious for some of you, so I will try to build the dynamics of this presentation in a different way than I did before. So I will try to go quickly through the obvious
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