Financial results of insurance companies in 2024
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The overall net financial result of insurance companies in 2024 was higher than a year earlier and amounted to PLN 10.0 billion (PLN 9.4 billion in 2023). This was mainly influenced by the improved performance of life insurance companies (Branch I), which increased by 17.1% year-on-year.
Earned premium was the dominant item in the total income structure. In 2024, the total gross written premium amounted to PLN 85 676.3 million (an increase of 8.6% compared to 2023), of which PLN 23 601.6 million were premiums of life insurance companies1, and PLN 62 074.8 million of non-life insurance.
1 Based on the subject matter covered, insurance is divided into two branches: branch I - life insurance and branch II – non life insurance. An insurance company may not carry out activities in branch I and II at the same time. Within each branch, insurances are divided into groups.
