Poland’s largest insurer PZU is to decide on the level of dividends it is to pay out from its 2011 profits. Andrzej Klesyk, head of the company’s management board, is recommending a payout of of PLN 1.752bn, or PLN 20.3 per share from the PLN 2.58bn in profits the insurer produced during 2011. A decision on the matter is expected to be taken at the company’s general shareholder meeting, scheduled for later this month. If approves it, shareholders would get 75 percent of total net profits for 2011.
