At its Annual General Meeting held on June 25 at the company’s Warsaw headquarters, PZU SA approved a dividend payout of PLN 3.86 billion for the 2024 financial year, in line with the management board’s recommendation. This equates to PLN 4.47 per share and represents a 99.6% payout ratio.

Addressing shareholders, Andrzej Klesyk, acting CEO of PZU SA, reaffirmed the group’s commitment to long-term value creation. “You can expect us—and hold us accountable—for creating value for you,” he said. “We are determined to ensure PZU’s stock market valuation reflects its true potential, even if that means increasing it by several dozen percent.” Klesyk also outlined plans to transform PZU into a holding structure, with a future merger with Pekao SA aimed at unlocking up to PLN 15–20 billion in capital for shareholders.

The AGM, attended by shareholders representing 71.3% of the company’s capital, also approved the 2024 financial and consolidated statements of PZU and its group, along with the management and supervisory board reports.

In terms of corporate governance, shareholders adopted amendments to the company’s articles of association and introduced a gender balance policy for the management and supervisory boards - adjustments made primarily to comply with existing or forthcoming legal requirements.

The meeting also saw personnel changes to the supervisory board. Michał Bernaczyk was dismissed, while Beata Stelmach - nominated by the State Treasury - and Michał Szwarc - nominated by Generali OFE - were appointed.

The dividend record date was set for September 25, with payments scheduled for October 16.

[s|daniela.ghetu]