PZU has confirmed its intention to acquire 100% of the shares of the Ukrainian MetLife, which holds approximately 50% of the Ukrainian life insurance market. 2025 marked another year of leadership for MetLife.
Following completion of the transaction, MetLife Ukraine will be owned by PZU SA, which has a regional presence and deep insurance expertise in Eastern Europe. PZU SA has confirmed its intention to invest and develop its business in Ukraine, underscoring its long-term commitment to the Ukrainian market and its clients. PZU's official position is that the acquisition of MetLife in Ukraine is an important step in implementing its long-term strategy, as noted by Bogdan Benczak, Chairman of the Management Board of PZU SA.
"We are investing in a market leader with an experienced team and a sustainable business model that strengthens our presence in Ukraine and increases the scale of our operations in the life insurance segment. This decision combines strategic ambitions with strong business fundamentals", stated Bogdan Benczak.
MetLife has been operating in the Ukrainian insurance market since 2002 and is the largest life insurer in the country. The company has a strong distribution model, an extensive customer base, a developed product portfolio, and stable financial performance.
The transaction is valued at USD 120 million, considering the company's capital, dividend potential, and market multiples. MetLife Ukraine's equity was estimated at USD 113 million at the end of 2025. This transaction could be one of the largest in the Ukrainian insurance market in recent years. It simultaneously marks the exit of the global American group MetLife from its direct presence in Ukraine and strengthens PZU's position in life insurance in Ukraine and Central and Eastern Europe, which is in line with PZU Group's strategy for 2025-2027, the source writes.
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