In the first half of 2025, insurers collected PLN 44.39 billion in gross written premiums, up 3.6% year-on-year. Growth was seen across both life insurance, which rose 2.6% to PLN 12.09 billion, and non-life insurance, which expanded by 4% to PLN 32.3 billion.
Despite higher payouts — nearly PLN 26.34 billion, about 10% more than a year earlier — the sector’s net profit surged to PLN 8.31 billion, marking a 22% increase. KNF Deputy Chairman Krystian Wiercioch attributed this to stronger technical results, particularly in life insurance groups 1 and 3, and non-life groups 10, 3 and 8.
Motor third-party liability insurance (group 10), long under pressure, finally returned to profitability, with a modest technical profit of PLN 52.96 million. A year earlier, the segment reported a loss of PLN 164.17 million. Improved risk premiums and a slight drop in the combined ratio contributed to the turnaround, though Wiercioch cautioned that some insurers still face losses in this line.
Casco insurance also performed well, with its technical result rising nearly 30% to PLN 478.6 million. Overall, communication insurance showed a combined technical profit of over PLN 530 million.
Importantly, KNF underlined that the sector’s solvency remains robust. At mid-2025, the solvency ratio stood at a strong 229.9%, with all insurers meeting regulatory requirements — most comfortably above the 150% level.
“The analysis of the sector’s situation after the first half of 2025 confirms that solvency remains safe and stable,” Wiercioch stressed.
XPRIMM will soon publish the detailed statistical information for the first half of the year, denominated both in Polish Zloty and Euro and a y-o-y comparison.
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