Investment financial assets 31 December 2022 31 December 2021
at amortized cost at fair value through other comprehensive income at fair value through profit or loss Total at amortized cost at fair value through other comprehensive income at fair value through profit or loss Total
Equity instruments n/a 1,648 830 2,478 n/a 768 931 1,699
Participation units and investment certificates n/a n/a 4,876 4,876 n/a n/a 5,816 5,816
Debt securities 91,605 38,077 2,417 132,099 74,052 44,128 2,418 120,598
Government securities 68,590 26,683 2,160 97,433 65,228 31,409 2,135 98,772
Domestic 62,918 23,973 2,023 88,914 64,958 28,664 1,952 95,574
Fixed rate 58,616 14,984 1,630 75,230 59,532 21,233 1,511 82,276
Floating rate 4,302 8,989 393 13,684 5,426 7,431 441 13,298
Foreign 5,672 2,710 137 8,519 270 2,745 183 3,198
Fixed rate 5,672 2,710 137 8,519 270 2,745 180 3,195
Floating rate 3 3
Other 23,015 11,394 257 34,666 8,824 12,719 283 21,826
Fixed rate 16,418 7,334 63 23,815 2,844 7,424 37 10,305
Floating rate 6,597 4,060 194 10,851 5,980 5,295 246 11,521
Other, including: 14,408 14,408 8,841 8,841
Buy-sell-back transactions 7,071 7,071 3,871 3,871
Term deposits with credit institutions 3,068 3,068 1,384 1,384
Loans 4,269 4,269 3,586 3,586
Investment financial assets, total 106,013 39,725 8,123 153,861 82,893 44,896 9,165 136,954

Assets securing liabilities 31 December 2022 31 December 2021
at amortized cost at fair value through other comprehensive income at fair value through profit or loss Total at amortized cost at fair value through other comprehensive income at fair value through profit or loss Total
Debt securities 41 879 52 972 131 911 48 1,090
Government securities 41 879 52 972 131 911 48 1,090
Domestic 41 879 52 972 131 911 48 1,090
Fixed rate 41 791 51 883 131 911 2 1,044
Floating rate 88 1 89 46 46
Buy-sell-back transactions 246 246
Assets securing liabilities, total 41 879 52 972 377 911 48 1,336

Equity instruments measured at fair value through other comprehensive income 31 December 2022 31 December 2021
Fair value Dividends recognized in the period Fair value Dividends recognized in the period
PKN Orlen 910
Grupa Azoty SA 284 243
Biuro Informacji Kredytowej SA 270 24 323 24
PSP sp. z o.o. 79 94
Polimex-Mostostal SA 49 42
Krajowa Izba Rozliczeniowa SA 15 2 16 1
Webuild SpA 10 15
Other 31 1 35 1
Equity instruments measured at fair value through other comprehensive income, total 1,648 27 768 26

 

On 29 September 2022, PZU acquired from the State Treasury 14,161,080 shares of PKN Orlen, representing 2.26% of PKN Orlen’s share capital and the total number of votes at the Shareholder Meeting of PKN Orlen, for a total of PLN 756 million and classified them as shares measured at fair value through other comprehensive income. The transaction was in line with the 2021-2023 investment strategy for PZU and PZU Life’s own risk portfolio. The purpose of the transaction was to achieve a positive result from the transaction. Depending on the market situation, PZU will consider selling all or part of its stake in PKN Orlen in subsequent quarters.