Powszechny Zaklad Ubezpieczen SA (OTCPK:PZAKY)
$ 12.14 0 (0%) Market Cap: 10.48 Bil Enterprise Value: 20.06 Bil PE Ratio: 9.10 PB Ratio: 1.23 GF Score: 78/100

Q3 2019 Powszechny Zaklad Ubezpieczen SA Earnings Call Transcript

Nov 14, 2019 / 11:00AM GMT
Release Date Price: $6.5
Pawel Surówka
Powszechny Zaklad Ubezpieczen SA - President of the Management Board & CEO

Ladies and gentlemen, I'd like to welcome you very cordially to the review of PZU Group's financial results for Q3 2019. I'd like to thank you for your attendance. So we'd like to begin with a short presentation, and then we'll go through the major accomplishments of this quarter. Then we'll say a few words about the market, business development, then we'll walk through the financial results, and then we'll wrap things up with a discussion of our strategy execution. We'll try to do this succinctly to make sure that we'll be at your disposal to respond to any questions you may have.

So we're pleased with this quarter as you anticipate as we look at the development of gross written premium. So we've got some PLN 17 billion. So this is the best result we've had to date in terms of sales, and this shows that we're well poised not only in terms of products, but the channels we have at our disposal. And this shows that we're gradually feeling the positive drivers coming from bank sales.

So we've got

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