The shareholders of Poland’s major insurer PZU agreed to pay dividends of PLN 1.94bn, or PLN 22.43 per share, from its 2011 profit. The decision is in line with Poland’s Treasury recommendation, which proposed a level of PLN 20.3 per share. This year’s level is a drop from 2011’s generosity, as the company distributed at a rate of PLN 26. per share. In 2011, PZU posted a net profit of PLN 2.35bn, a result it hopes to improve upon in 2012.
