Financial results of insurance companies in 2022
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The overall net financial result of insurance companies in 2022 was more favorable than a year ago and amounted to PLN 6.1 billion. This was due to a better result obtained by life insurance companies (division I) and despite the worse result of non-life insurance companies (division II).
Earned premium was the dominant item in the total income structure. In 2022, the total gross written premium amounted to PLN 72 359.0 million (increase by 4.5% compared to 2021), of which PLN 21 543.5 million was the premium of life insurance companies, and PLN 50 815.5 million of non-life insurance. Claims incurred constituted the dominant position in the total cost structure. Total gross claims paid in 2022 amounted to PLN 44 385.7 million and increased by 7.5% compared to 2021; they increased to PLN 18 870.0 million in life insurance, and to PLN 25 515.7 million in non-life insurance.
