Financial results of insurance companies in 2021
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The overall net financial result of insurance companies in 2021 was less favorable than a year ago and amounted to PLN 5.7 billion. This was due to a worse result obtained by life insurance companies (division I), despite a better result of non-life insurance companies (division II).
Earned premium was the dominant item in the total income structure. In 2021, the total gross written premium amounted to PLN 69 222.4 million (increase by 9.1% than in 2020), of which PLN 22 127.5 million was the premium of life insurance companies, and PLN 47 094.9 million non-life insurance. Claims incurred constituted the dominant position in the total cost structure. Total gross claims paid in 2021 amounted to PLN 41 302.7 million and increased by 4.2% compared to 2020, they increased to PLN 18 449.7 million in life insurance, and to PLN 22 853.0 million in non-life insurance.
