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The Warsaw Voice » Business » May 19, 2017
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PZU plans good investments
May 19, 2017   
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Pawel Surowka
Poland's insurance group PZU wants to deliver good and predictable investment results, CEO Pawel Surowka told a news conference.
"We are still expecting that returns on investments will be good and predictable," Surowka said.
In Q1 market situation helped but PZU wants its investment results "to be stable and in line with our expectations regardless of the market situation," the official said.
In Q2 the value of PZU's investment portfolio will drop in relation to Pekao takeover, he also said.
In Q1 investment earnings of PLN 1.67 billion rose notably on prior periods to beat consensus by PLN 100 million. Management gave credit to the equity rally on the WSE, including a PLN 64 million increased valuation of a major stake in chemicals group Azoty, more than offsetting slippage on the debt portfolio.
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