WSE:PZU Balance Sheet

Financials in millions PLN. Fiscal year is January - December.

Millions PLN. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Investments in Debt Securities	202,846	196,106	165,103	-	118,180
Investments in Equity & Preferred Securities	870	678	899	52	861
Other Investments	10,183	10,780	10,039	145,738	5,501
Total Investments	240,707	226,479	202,146	156,934	154,159
Cash & Equivalents	16,223	15,118	17,681	15,933	6,967
Reinsurance Recoverable	3,990	4,042	3,469	2,336	2,693
Other Receivables	256,328	240,082	228,399	222,174	216,949
Deferred Policy Acquisition Cost	-	-	-	-	1,573
Property, Plant & Equipment	4,588	4,256	4,445	4,304	4,144
Goodwill	2,816	2,792	2,801	2,808	2,778
Other Intangible Assets	3,824	3,745	3,404	3,282	3,403
Restricted Cash	10	9	21	27	2,480
Other Current Assets	2,816	2,602	1,278	16,851	2,618
Long-Term Deferred Tax Assets	2,134	2,244	2,193	3,103	3,058
Long-Term Deferred Charges	329	282	202	-	110
Other Long-Term Assets	1,718	1,606	1,906	1,434	1,197
Total Assets	535,483	503,257	467,945	429,186	402,129
Accounts Payable	-	-	-	-	652
Accrued Expenses	2,354	2,238	1,956	-	2,190
Insurance & Annuity Liabilities	46,153	43,921	42,572	37,518	23,914
Unpaid Claims	-	-	-	-	11,715
Unearned Premiums	-	-	-	-	9,536
Reinsurance Payable	38	35	35	31	228
Current Portion of Long-Term Debt	9,597	10,253	8,670	-	8,235
Current Portion of Leases	289	274	205	-	-
Short-Term Debt	6,129	5,299	10,250	-	7,975
Current Income Taxes Payable	895	1,818	1,991	328	147
Long-Term Debt	27,870	21,479	20,549	24,994	13,587
Long-Term Leases	1,532	1,384	1,389	-	992
Long-Term Deferred Tax Liabilities	3,767	3,374	3,088	2,831	806
Separate Account Liability	-	-	-	-	5,963
Other Current Liabilities	351,223	336,164	3,267	20,989	268,013
Other Long-Term Liabilities	12,166	11,025	312,754	294,070	7,413
Total Liabilities	462,830	438,000	407,393	380,761	362,135
Common Stock	86	86	86	86	86
Additional Paid-In Capital	18,668	17,491	15,804	-	538
Retained Earnings	9,966	9,949	11,726	8,871	16,871
Treasury Stock	-6	-7	-4	-	-5
Comprehensive Income & Other	6,757	4,592	2,425	17,205	-410
Total Common Equity	35,471	32,111	30,037	26,162	17,080
Minority Interest	37,182	33,146	30,515	22,263	22,914
Shareholders' Equity	72,653	65,257	60,552	48,425	39,994
Total Liabilities & Equity	535,483	503,257	467,945	429,186	402,129
Filing Date Shares Outstanding	863.34	863.33	863.38	863.39	863.36
Total Common Shares Outstanding	863.34	863.33	863.38	863.39	863.36
Total Debt	45,417	38,689	41,063	24,994	30,789
Net Cash (Debt)	-29,194	-23,571	-23,382	-9,061	-23,822
Net Cash Per Share	-33.82	-27.30	-27.08	-10.49	-27.59
Book Value Per Share	41.09	37.19	34.79	30.30	19.78
Tangible Book Value	28,831	25,574	23,832	20,072	10,899
Tangible Book Value Per Share	33.39	29.62	27.60	23.25	12.62
Machinery	2,177	2,106	2,057	-	1,952
Construction In Progress	581	379	381	-	283

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.