During its next general meeting, the board of Poland's biggest insurer, PZU, will recommend spending as much as 75 percent of the profit the company made last year on dividend payouts, reported Wyborcza.biz.

Since the group earned some z?.2.35 billion in 2011, the total dividend payout is expected to reach approximately z?.1.75 billion. This means that shareholders would get z?.20.30 per share.

These numbers certainly look promising even though they are significantly lower than what PZU offered a year ago. In 2011, z?.2.30 billion - more than 90 percent of the group's profits - was spent on dividend payouts, amounting to z?.26 per share.

Poland's Financial Supervision Authority (KNF) has recently advised insurance companies that their dividend payouts should not exceed 75 percent of their earnings.

Read the full story on www.wbj.pl

POLAND: PZU to pay out hefty dividend