| Corporate insurance (non-life insurance) | 1 January – 31 December 2022 |
1 January – 31 December 2021 |
|---|---|---|
| Gross written premium – external | 3,954 | 3,199 |
| Gross written premium – cross-segment | 77 | 84 |
| Gross written premiums | 4,031 | 3,283 |
| Movement in provision for unearned premiums and gross provision for unexpired risks | (521) | (41) |
| Gross earned premium | 3,510 | 3,242 |
| Reinsurers’ share in gross written premium | (1,415) | (904) |
| Reinsurer’s share in the movement in provision for unearned premiums and the gross provision for unexpired risk | 408 | 27 |
| Net earned premiums | 2,503 | 2,365 |
| Investment income, including: | 124 | 73 |
| external operations | 124 | 73 |
| intersegment operations | – | – |
| Other net technical income | 53 | 51 |
| Income | 2,680 | 2,489 |
| Net insurance claims and benefits | (1,684) | (1,510) |
| Movement in other net technical provisions | (5) | (16) |
| Acquisition expenses | (545) | (522) |
| Administrative expenses | (161) | (142) |
| Reinsurance commissions and profit participation | 68 | 56 |
| Other | (71) | (61) |
| Insurance result | 282 | 294 |
| Mass insurance (non-life insurance) | 1 January – 31 December 2022 |
1 January – 31 December 2021 |
|---|---|---|
| Gross written premium – external | 11,549 | 10,895 |
| Gross written premium – cross-segment | 34 | 15 |
| Gross written premiums | 11,583 | 10,910 |
| Movement in provision for unearned premiums and gross provision for unexpired risks | (470) | (663) |
| Gross earned premium | 11,113 | 10,247 |
| Reinsurers’ share in gross written premium | (245) | (307) |
| Reinsurer’s share in the movement in provision for unearned premiums and the gross provision for unexpired risk | 55 | 181 |
| Net earned premiums | 10,923 | 10,121 |
| Investment income, including: | 593 | 385 |
| external operations | 593 | 385 |
| intersegment operations | – | – |
| Other net technical income | 84 | 112 |
| Income | 11,600 | 10,618 |
| Net insurance claims and benefits | (6,596) | (6,198) |
| Movement in other net technical provisions | (39) | (29) |
| Acquisition expenses | (2,470) | (2,166) |
| Administrative expenses | (706) | (678) |
| Reinsurance commissions and profit participation | 41 | 33 |
| Other | (333) | (329) |
| Insurance result | 1,497 | 1,251 |
| Group and individually continued insurance (life insurance) | 1 January – 31 December 2022 |
1 January – 31 December 2021 |
|---|---|---|
| Gross written premium – external | 7,166 | 7,030 |
| Gross written premium – cross-segment | – | – |
| Gross written premiums | 7,166 | 7,030 |
| Movement in the provision for unearned premiums | 26 | 26 |
| Gross earned premium | 7,192 | 7,056 |
| Reinsurers’ share in gross written premium | (2) | (1) |
| Reinsurer’s share in the movement in provision for unearned premiums and the gross provision for unexpired risk | – | – |
| Net earned premiums | 7,190 | 7,055 |
| Investment income, including: | 617 | 520 |
| external operations | 617 | 520 |
| intersegment operations | – | – |
| Other net technical income | 2 | 2 |
| Income | 7,809 | 7,577 |
| Net insurance claims and benefits and movement in other net technical provisions | (5,333) | (5,597) |
| Acquisition expenses | (429) | (394) |
| Administrative expenses | (752) | (669) |
| Other | (46) | (47) |
| Insurance result | 1,249 | 870 |
| Individual insurance (life insurance) | 1 January – 31 December 2022 |
1 January – 31 December 2021 |
|---|---|---|
| Gross written premium – external | 1,451 | 1,750 |
| Gross written premium – cross-segment | – | – |
| Gross written premiums | 1,451 | 1,750 |
| Movement in the provision for unearned premiums | (3) | (2) |
| Gross earned premium | 1,448 | 1,748 |
| Reinsurers’ share in gross written premium | (1) | (1) |
| Reinsurer’s share in the movement in provision for unearned premiums and the gross provision for unexpired risk | – | – |
| Net earned premiums | 1,447 | 1,747 |
| Investment income, including: | (181) | 153 |
| external operations | (181) | 153 |
| intersegment operations | – | – |
| Other net technical income | – | 1 |
| Income | 1,266 | 1,901 |
| Net insurance claims and benefits and movement in other net technical provisions | (695) | (1,329) |
| Acquisition expenses | (216) | (224) |
| Administrative expenses | (109) | (86) |
| Other | (8) | (7) |
| Insurance result | 238 | 255 |
| Investments | 1 January – 31 December 2022 |
1 January – 31 December 2021 |
|---|---|---|
| Investment income, including: | 493 | 715 |
| external operations | 420 | 662 |
| intersegment operations | 73 | 53 |
| Operating result | 493 | 715 |
| Banking activity | 1 January – 31 December 2022 |
1 January – 31 December 2021 |
|---|---|---|
| Revenue from commissions and fees | 5,027 | 4,627 |
| external operations | 4,884 | 4,472 |
| intersegment operations | 143 | 155 |
| Investment income | 13,636 | 7,319 |
| external operations | 13,636 | 7,319 |
| intersegment operations | – | – |
| Income | 18,663 | 11,946 |
| Fee and commission expenses | (1,458) | (1,201) |
| Interest expenses | (4,617) | (376) |
| Administrative expenses | (5,639) | (5,077) |
| Other | (3,035) | (1,513) |
| Operating result | 3,914 | 3,779 |
| Pension insurance | 1 January – 31 December 2022 |
1 January – 31 December 2021 |
|---|---|---|
| Investment income, including: | 12 | 4 |
| external operations | 12 | 4 |
| intersegment operations | – | – |
| Other income | 161 | 154 |
| Income | 173 | 158 |
| Administrative expenses | (49) | (57) |
| Other | (5) | (5) |
| Operating result | 119 | 96 |
| Insurance – Baltic States | 1 January – 31 December 2022 |
1 January – 31 December 2021 |
|---|---|---|
| Gross written premium – external | 2,359 | 1,867 |
| Gross written premium – cross-segment | – | – |
| Gross written premiums | 2,359 | 1,867 |
| Movement in provision for unearned premiums and gross provision for unexpired risks | (212) | (59) |
| Gross earned premium | 2,147 | 1,808 |
| Reinsurers’ share in gross written premium | (87) | (67) |
| Reinsurer’s share in the movement in provision for unearned premiums and the gross provision for unexpired risk | 4 | 1 |
| Net earned premiums | 2,064 | 1,742 |
| Investment income, including: | (13) | 42 |
| external operations | (13) | 42 |
| intersegment operations | – | – |
| Income | 2,051 | 1,784 |
| Net insurance claims and benefits | (1,238) | (1,082) |
| Acquisition expenses | (454) | (366) |
| Administrative expenses | (163) | (142) |
| Other | 7 | 6 |
| Insurance result | 203 | 200 |
| Insurance – Ukraine | 1 January – 31 December 2022 |
1 January – 31 December 2021 |
|---|---|---|
| Gross written premium – external | 231 | 339 |
| Gross written premium – cross-segment | – | – |
| Gross written premiums | 231 | 339 |
| Movement in provision for unearned premiums and gross provision for unexpired risks | 24 | (17) |
| Gross earned premium | 255 | 322 |
| Reinsurers’ share in gross written premium | (16) | (94) |
| Reinsurer’s share in the movement in provision for unearned premiums and the gross provision for unexpired risk | (32) | (1) |
| Net earned premiums | 207 | 227 |
| Investment income, including: | (42) | 16 |
| external operations | (42) | 16 |
| intersegment operations | – | – |
| Income | 165 | 243 |
| Net insurance claims and benefits | (106) | (102) |
| Acquisition expenses | (48) | (112) |
| Administrative expenses | (33) | (39) |
| Other | 17 | 24 |
| Insurance result | (5) | 14 |
| Investment contracts | 1 January – 31 December 2022 |
1 January – 31 December 2021 |
|---|---|---|
| Gross written premium | 30 | 33 |
| Movement in the provision for unearned premiums | – | – |
| Gross earned premium | 30 | 33 |
| Reinsurers’ share in gross written premium | – | – |
| Reinsurer’s share in the movement in the provision for unearned premiums | – | – |
| Net earned premiums | 30 | 33 |
| Investment income, including: | (29) | (3) |
| external operations | (29) | (3) |
| intersegment operations | – | – |
| Other income | – | – |
| Income | 1 | 30 |
| Net insurance claims and benefits and movement in other net technical provisions | 6 | (22) |
| Acquisition expenses | – | – |
| Administrative expenses | (2) | (2) |
| Other | – | – |
| Operating result | 5 | 6 |
| Other segments | 1 January – 31 December 2022 |
1 January – 31 December 2021 |
|---|---|---|
| Investment income, including: | 32 | 5 |
| external operations | 32 | 5 |
| intersegment operations | – | – |
| Other income | 1,781 | 1,553 |
| Income | 1,813 | 1,558 |
| Costs | (1,907) | (1,588) |
| Other | 58 | 37 |
| Operating result | (36) | 7 |
| Reconciliations 1 January – 31 December 2022 |
Net earned premiums | Investment income | Net insurance claims and benefits | Acquisition expenses | Administrative expenses | Operating result |
|---|---|---|---|---|---|---|
| Corporate insurance | 2,503 | 124 | (1,684) | (545) | (161) | 282 |
| Mass insurance | 10,923 | 593 | (6,596) | (2,470) | (706) | 1,497 |
| Group and individually continued insurance | 7,190 | 617 | (5,333) | (429) | (752) | 1,249 |
| Individual insurance | 1,447 | (181) | (695) | (216) | (109) | 238 |
| Investments | – | 493 | – | – | – | 493 |
| Banking activity | – | 13,636 | – | – | (5,639) | 3,914 |
| Pension insurance | – | 12 | – | (6) | (49) | 119 |
| Insurance – Baltic States | 2,064 | (13) | (1,238) | (454) | (163) | 203 |
| Insurance – Ukraine | 207 | (42) | (106) | (48) | (33) | (5) |
| Investment contracts | 30 | (29) | 6 | – | (2) | 5 |
| Other segments | – | 32 | – | – | – | (36) |
| Total segments | 24,364 | 15,242 | (15,646) | (4,168) | (7,614) | 7,959 |
| Presentation of investment contracts | (30) | 33 | (6) | – | – | – |
| Presentation of the movement in other net technical provisions | – | – | 2 | – | – | – |
| Estimated salvage and subrogation | – | – | (11) | – | – | (11) |
| Valuation of properties | – | (5) | – | – | (2) | (5) |
| Elimination of the equalization provision and prevention fund | – | – | – | – | – | 58 |
| Allowances to the Company Social Benefit Fund and actuarial costs | – | – | – | – | (17) | (36) |
| Consolidation adjustments | (37) | (87) | 119 | 265 | 58 | (335) 1) |
| Consolidated data | 24,297 | 15,183 2) | (15,542) | (3,903) | (7,575) | 7,630 |
1) Consolidation adjustments ensue chiefly from the dividends paid between the various segments and the various accounting standards in which the specific reporting segments are reported (PAS and IFRS) and consolidated data (IFRS).
2) The sum of the following line items in the consolidated profit and loss account: “Interest income calculated using the effective interest rate”, “Other net investment income”, “Result on derecognition of financial instruments and investments”, “Movement in allowances for expected credit losses and impairment losses on financial instruments” and “Net movement in fair value of assets and liabilities measured at fair value”.
2) The sum of the following line items in the consolidated profit and loss account: “Interest income calculated using the effective interest rate”, “Other net investment income”, “Result on derecognition of financial instruments and investments”, “Movement in allowances for expected credit losses and impairment losses on financial instruments” and “Net movement in fair value of assets and liabilities measured at fair value”.
| Reconciliations 1 January – 31 December 2021 |
Net earned premiums | Investment income | Net insurance claims and benefits | Acquisition expenses | Administrative expenses | Operating result |
|---|---|---|---|---|---|---|
| Corporate insurance | 2,365 | 73 | (1,510) | (522) | (142) | 294 |
| Mass insurance | 10,121 | 385 | (6,198) | (2,166) | (678) | 1,251 |
| Group and individually continued insurance | 7,055 | 520 | (5,597) | (394) | (669) | 870 |
| Individual insurance | 1,747 | 153 | (1,329) | (224) | (86) | 255 |
| Investments | – | 715 | – | – | – | 715 |
| Banking activity | – | 7,319 | – | – | (5,077) | 3,779 |
| Pension insurance | – | 4 | – | (7) | (57) | 96 |
| Insurance – Baltic States | 1,742 | 42 | (1,082) | (366) | (142) | 200 |
| Insurance – Ukraine | 227 | 16 | (102) | (112) | (39) | 14 |
| Investment contracts | 33 | (3) | (22) | – | (2) | 6 |
| Other segments | – | 5 | – | – | – | 7 |
| Total segments | 23,290 | 9,229 | (15,840) | (3,791) | (6,892) | 7,487 |
| Presentation of investment contracts | (33) | 9 | 22 | – | – | – |
| Presentation of the movement in other net technical provisions | – | – | (4) | – | – | – |
| Estimated salvage and subrogation | – | – | 6 | – | – | 6 |
| Valuation of properties | – | (6) | – | – | (2) | (8) |
| Elimination of the equalization provision and prevention fund | – | – | – | – | – | 50 |
| Allowances to the Company Social Benefit Fund and actuarial costs | – | – | – | – | – | – |
| Consolidation adjustments | (25) | 323 | 85 | 219 | 68 | (66) 1) |
| Consolidated data | 23,232 | 9,555 2) | (15,731) | (3,572) | (6,826) | 7,469 |
1) Consolidation adjustments ensue chiefly from the dividends paid between the various segments and the various accounting standards in which the specific reporting segments are reported (PAS and IFRS) and consolidated data (IFRS).
2) The sum of the following line items in the consolidated profit and loss account: “Interest income calculated using the effective interest rate”, “Other net investment income”, “Result on derecognition of financial instruments and investments”, “Movement in allowances for expected credit losses and impairment losses on financial instruments” and “Net movement in fair value of assets and liabilities measured at fair value”.
2) The sum of the following line items in the consolidated profit and loss account: “Interest income calculated using the effective interest rate”, “Other net investment income”, “Result on derecognition of financial instruments and investments”, “Movement in allowances for expected credit losses and impairment losses on financial instruments” and “Net movement in fair value of assets and liabilities measured at fair value”.
| Geographic breakdown | 1 January – 31 December | 2022 1 January – 31 December 2021 | ||||||||
| Poland | Baltic States | Ukraine | Unallocated | Consolidated value | Poland | Baltic States | Ukraine | Unallocated | Consolidated value | |
| Gross written premium – external | 24,120 | 2,359 | 231 | – | 26,710 | 22,874 | 1,867 | 339 | – | 25,080 |
| Gross written premium – cross-segment | 73 | – | – | (73) | – | 54 | – | – | (54) | – |
| Revenue from commissions and fees | 5,134 | 2 | – | – | 5,136 | 4,737 | 1 | – | – | 4,738 |
| Investment income 1) | 15,238 | (13) | (42) | – | 15,183 | 9,497 | 42 | 16 | – | 9,555 |
1) The sum of the following line items in the consolidated profit and loss account: “Interest income calculated using the effective interest rate”, “Other net investment income”, “Result on derecognition of financial instruments and investments”, “Movement in allowances for expected credit losses and impairment losses on financial instruments” and “Net movement in fair value of assets and liabilities measured at fair value”.
| Geographic breakdown | 31 December 2022 | 31 December 2021 | ||||||||
| Poland | Baltic States | Ukraine1) | Unallocated | Consolidated value | Poland | Baltic States | Ukraine1) | Unallocated | Consolidated value | |
| Non-current assets, other than financial assets 2) | 7,264 | 319 | 3 | – | 7,586 | 7,261 | 281 | 5 | – | 7,547 |
| Deferred tax assets | 3,085 | – | – | – | 3,085 | 3,055 | – | 3 | – | 3,058 |
| Assets | 433,204 | 3,906 | 391 | (1,382) | 436,119 | 399,262 | 3,611 | 554 | (1,298) | 402,129 |
1) Assets of companies based in Ukraine, adjusted for mutual interests between them.
2) The sum of the following items of the consolidated statement of financial position: “Intangible assets” and “Property, plant and equipment”.
2) The sum of the following items of the consolidated statement of financial position: “Intangible assets” and “Property, plant and equipment”.