The PZU Group conducts various activities in insurance and finance. In particular, the PZU Group entities offer services in life insurance, non-life insurance, health insurance and they manage client assets within in an open-end pension fund and mutual funds. As a result of its investments in Bank Pekao and Alior Bank, the PZU Group also provides banking services.
1 The following branches operate within PZU Zdrowie: CM FCM in Warsaw, CM Tarnów, CM Nasze Zdrowie in Warsaw, CM Medicus in Opole, CM Cordis in Poznań, CM in Warsaw, CM in Krakow, CM in Poznań, CM in Wrocław, CM Gdańsk Abrahama, CM Artimed in Kielce, CM Warsaw Chmielna
2 The Centrum Medyczne Medica Group consists of the following companies: Centrum Medyczne Medica Sp. z o.o., Sanatorium Uzdrowiskowe “Krystynka” Sp. z o.o. with its registered office in Ciechocinek
3 The Elvita Group consists of the following companies: Przedsiębiorstwo Świadczeń Zdrowotnych i Promocji Zdrowia ELVITA – Jaworzno III Sp. z o.o., Przedsiębiorstwo Usług Medycznych PROELMED Sp. z o.o. in Łaziska Górne
4 The Alior Bank Group is composed of: Alior Bank SA, Alior Services Sp. z o.o., Alior Leasing Sp. z o.o., Meritum Services. ICB SA, Alior TFI SA, New Commerce Services Sp. z o.o., Absource Sp.z o.o., Serwis Ubezpieczeniowy Sp. z.o.o, CORSHAM Sp. z o.o. (which holds 20% in Pay Po Sp. z o.o.;), RBL_VC Sp. z o.o., RBL_VC sp. z o.o. ASI S.K.A., Harberton sp. z o.o
5 The Bank Pekao Group is composed of, among others: Bank Pekao SA, Pekao Bank Hipoteczny SA, Pekao Leasing Sp. z o.o., Pekao Investment Banking SA, Pekao Faktoring Sp. z o.o., Centrum Kart SA, Pekao Financial Services Sp. z o.o., Pekao Direct Sp. z o.o. (until 16 January 2020: Centrum Bankowości Bezpośredniej Sp. z o.o.), Dom Inwestycyjny Xelion Sp. z o.o., Pekao Investment Management SA (holding a 100% stake in Pekao TFI SA)
6 The Armatura Group is composed of the following companies: Armatura Kraków SA, Aquaform SA, Aquaform Ukraine TOW, Aquaform Romania SRL
7 The Tomma Group is composed of the following companies: Tomma Diagnostyka Obrazowa S.A., Bonus Diagnosta Sp. z o.o.
The structure chart does not include mutual funds or companies in liquidation or under bankruptcy.
PZU as the parent company, through its representatives in supervisory bodies of subsidiaries and voting at their shareholder meetings, exerts an impact on the selection of strategic directions regarding both the scope of business and the finances of the Group members. As selected companies focus on their specialization, they provide services to each other at an arm’s length basis, using the internal cost allocation model within the tax group.
The following changes transpired in the structure of the PZU Group in 2020 up to the date of publication of these financial statements: