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

Q1 2021 Powszechny Zaklad Ubezpieczen SA Earnings Call Transcript

May 27, 2021 / 10:00AM GMT
Release Date Price: $7.41
Tomasz Pawel Kulik
Powszechny Zaklad Ubezpieczen SA - Management Board Member

[Interpreted] Good afternoon, ladies and gentlemen. I'm very pleased to be able to welcome you to the summary of the results of the PZU Group for Q1 '21. As in the previous quarter, this meeting is being held solely with the utilization of remote means of communication. And as was the case in previous quarters, we'll walk through the main accomplishments of the group in the first quarter of this year. We'll say a few words about what's happened in various lines of business, then we'll sum up everything by looking at the financial results and we'll look at the operating segments results.

So we'll begin with the first quarter from the helicopter view, we've got -- we have a very strong start of the year, good beginning period. We've been able to keep our promises, not only with respect to delivering a high level of profitability, but also in terms of our dividend-related promises. What we would like to emphasize here is that we have a very high profit of PLN 897 million, much higher than in the previous -- corresponding

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