Powszechny Zaklad Ubezpieczen Third Quarter 2023 Earnings: EPS: zł1.71 (vs zł0.84 in 3Q 2022)

Powszechny Zaklad Ubezpieczen (WSE:PZU) Third Quarter 2023 Results

Key Financial Results

• Revenue: zł14.9b (up 47% from 3Q 2022).
• Net income: zł1.48b (up 104% from 3Q 2022).
• Profit margin: 9.9% (up from 7.1% in 3Q 2022). The increase in margin was driven by higher revenue.
• EPS: zł1.71 (up from zł0.84 in 3Q 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Powszechny Zaklad Ubezpieczen Earnings Insights

Looking ahead, revenue is expected to decline by 12% p.a. on average during the next 4 years, while revenues in the Insurance industry in Europe are expected to grow by 5.1%.

Performance of the market in Poland.

The company's shares are up 5.9% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for Powszechny Zaklad Ubezpieczen that you should be aware of.

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