Insurance Post

PZU plans to pay 100% of profits as dividend

Dollar dividends

State-owned Polish insurer PZU SA intends to pay 100% of its unconsolidated net profit in dividends if the country's regulator approves, chief executive Andrzej Klesyk said at a press conference Wednesday, according to news agency Dow Jones.

The insurer, in which the Polish treasury has a 35.2% stake, has a policy of paying out between 50% and 100% of net profit in dividends.

Klesyk said in September that the company would like a dividend

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