Powszechny Zakład Ubezpieczeń Spółka Akcyjna, also known as PZU SA (Polish pronunciation: [pɔfʂɛxnɨ zakwat ubɛspiɛt͡ʂɛɲ]) (WSE: PZU) is a publicly traded insurance company, a component of the WIG30 stock market index and Poland's biggest and oldest insurance company.
The activities of PZU group encompass a comprehensive range of insurance and financial services.
[11] In 1991 PZU was turned into a joint stock company controlled by the State Treasury as a consequence of the political transformation after 1989.
[19] With the acquisition in OAO “Skide West” (PZU Ukraina) in 2005, it began operations on the Ukrainian market again.
[23] In March 2014, it was revealed that PZU and Vienna Insurance Group were in the race to acquire rival Lietuvos Draudimas for around $147 million.
[14] In the same year, PZU acquired the Baltic businesses of the British RSA Insurance Group for some €360 million.
[30] In February 2022, in the wake of the Russian invasion of Ukraine, PZU initiated a special programme for Ukrainian citizens who have crossed the Polish border and did not have the mandatory automobile insurance.
The company decided to contribute the auto insurance premiums for Ukrainian citizens for a 30-day period.
PZU Zycie also provides other financial services such as investment and construction products through various distribution channels.