Powszechny Zakład Ubezpieczeń (PZU) Net Worth, Marketcap, Revenue, Competitors 2026

Powszechny Zakład Ubezpieczeń S.A. (PZU) stands as Poland’s largest insurance company and the biggest insurer in Central and Eastern Europe. The company offers nearly 200 insurance products across life, property, health, and casualty segments.

PZU Group has expanded beyond insurance into banking and asset management. The group holds significant stakes in Bank Pekao and Alior Bank, two of Poland’s largest commercial banks.

Headquartered in Warsaw, PZU serves over 22 million customers through its extensive network. The company trades on the Warsaw Stock Exchange as a component of the WIG30 index.

PZU History

PZU Co-founders

PZU’s current corporate form emerged from state restructuring rather than traditional founding. The company traces its roots to various Polish insurance institutions established over two centuries.

PZU Acquisitions

PZU has pursued an aggressive expansion strategy over the past decade. The company transformed from a pure insurance provider into a diversified financial services group through strategic acquisitions.

In 2014 and 2015, PZU expanded its Baltic presence by acquiring insurance companies in Latvia, Lithuania, and Estonia. The EUR 360 million deal with RSA Insurance Group gave PZU control of Lietuvos Draudimas (Lithuania’s largest insurer), AAS Balta in Latvia, and Codan Forsikring’s Estonian unit. PZU also acquired LINK4, a direct insurer operating in Poland.

The company’s banking sector entry began in 2015 with the acquisition of a 25.19% stake in Alior Bank SA. Alior Bank subsequently acquired the core business of Bank BPH, strengthening PZU’s banking portfolio. Today, PZU holds 31.94% of Alior Bank shares.

The landmark Bank Pekao acquisition in December 2016 represented one of Europe’s largest banking transactions that year. PZU and the Polish Development Fund (PFR) purchased 32.8% of Bank Pekao from UniCredit for PLN 10.6 billion. This deal gave PZU a stake in Poland’s second-largest bank by assets.

Earlier international moves included entering Lithuania in 2002 through UAB DK Lindra and Ukraine in 2005 via OJSC Skide-West. These acquisitions established PZU’s footprint across Central and Eastern Europe. The company now operates 88 entities within the PZU Group.

PZU Revenue

PZU Group generated PLN 60.88 billion in revenue during 2024, representing a 3.83% increase from the previous year. The company earns income from insurance premiums, banking operations, and investment activities.

PZU Market Cap

PZU’s market capitalization stands at approximately $14.3 billion USD as of late 2025. This positions the company as the 1,419th most valuable publicly traded firm globally and the largest insurer by market value in Central and Eastern Europe.

PZU Competitors

PZU dominates the Polish insurance market with approximately 44% share in life insurance and 27% in non-life segments. The company faces competition from both domestic and international insurers operating in Poland.

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