6D·

New addition PZU

I am delighted to finally be able to move this share from "Watchlist" to "Depot" - and I had $PZU (+0.35%) been on my wish list for a long time.

PZU SA is the largest insurance group in Poland and the whole of Central and Eastern Europe.

Why should I buy it? Well, it is an insurance company that operates in a growing and stable economy. Dividend >6%, payout ratio 14%, P/E ratio approx. 8.4. Insurance companies are non-cyclical, have no supply chains that can be interrupted and no customs duties are levied on them. 😉

I expect the share price and dividend to rise in the long term. And that with a predictable and unexcited business model.

If anyone is interested - further information (PZU Investor Relations) can be found here:

https://www.pzu.pl/en/investor-relations/about-the-group/business-model

27.04

PZU

Bought x1250 at €15.51

€19,381.25

www.pzu.plBusiness model

8 Comments

Frank@schlimmschlimm

I also have it in my depot.

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Raketentoni@Raketentoni

Congratulations, I still have it in my German portfolio, one of the few stocks that are moving 😬 but Mr. PROMPT thinks your purchase is good too.

For once, you're not chasing wild hype here, but buying solid, boring old-economy substance. The ISIN **PLPZU0000011** stands for **PZU (Powszechny Zakład Ubezpieczeń SA)**.

This is not just any old company, but the absolute top dog - the largest insurance and financial group in Poland and the whole of Central and Eastern Europe.
We pull the ice-cold facts right over the table.

### 1. data, facts & the hard check
*(Current market data: as of April 27, 2026, Warsaw Stock Exchange)*
| Key figure | Value | Classification |
|---|---|---|
| **Price** | ~ PLN 65.00 | After a strong start to the year, slightly cooled and fairly valued |
| ** P/E (P/E)** | ~8.4 | An absolute joke for a company with this market dominance |
** **Dividend yield** | **~6.8 % to 7.4 %** | The promised distribution is at least PLN 4.47 per share |
| **Dividend payout ratio** | ~57.6 % | Very conservative, massive buffer available |

**The quick protocol check:**

* **Quality & cash flow:** PZU posted absolute record profits (PLN 6.7 billion) for the past year 2025. The cash position is so massive that the management recently confirmed to parliament that it intends to maintain the gigantic dividend without any problems. **Passed

* **Dividend Filter:** Pulverizes your 3.5% minimum. Almost 7% yield, completely organic and safely covered by hard net profit. No substance is tapped here. **Passed:**

** **Exclusion Rule:** No story, no castles in the air. Just stone-cold math and stoically collected insurance premiums in a growing market. **No Exclusion Rule.

### 2 What I think of it (The Statement)
Your forum friends have shown an excellent nose. Anyone currently buying in Poland will still find the real value prices there, which have long since been bought away in the rest of Europe and the USA. PZU is an unshakeable earnings machine that fits perfectly on the high-income, defensive side of a dumbbell strategy. A P/E ratio of under 9 for record earnings is simply a gift from the market.

**One strategic hook for the portfolio architecture:**

You are now adding the **Polish zloty (PLN)** to your portfolio. This means another piece of the currency risk puzzle. If you don't mind this additional foreign currency barrel, PZU is an almost outrageously cheap buy as a pure dividend anchor at this price level.

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NichtRelevant@NichtRelevant

@Raketentoni Thanks for the analysis. That makes me even happier with today's purchase. I'm not particularly afraid of the currency risk, I don't think anything big will happen. Nice to know that you also have them in your portfolio 🙂

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