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2.2 PZU Group companies and associates

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No.
Name of the entity
Registered office
Date of obtaining control / significant influence
% of the share capital and
% of votes held directly or indirectly by PZU
Line of business and website
31 December 2020 31 December 2019
Consolidated insurance undertakings
1 Powszechny Zakład Ubezpieczeń SA Warsaw n/a n/a n/a Non-life insurance.
https://www.pzu.pl/grupa-pzu/spolki/pzu-sa
2 Powszechny Zakład Ubezpieczeń na Życie SA Warsaw 18.12.1991 100,00% 100,00% Life insurance.
https://www.pzu.pl/pl/grupa-pzu/spolki/pzu-zycie
3 Link4 Towarzystwo Ubezpieczeń SA Warsaw 15.09.2014 100,00% 100,00% Non-life insurance.
https://www.link4.pl/
4 Towarzystwo Ubezpieczeń Wzajemnych Polski Zakład Ubezpieczeń Wzajemnych Warsaw 20.11.2015 100,00% 100,00% Non-life insurance.
https://www.tuwpzuw.pl/
5 Lietuvos Draudimas AB Vilnius (Lithuania) 31.10.2014 100,00% 100,00% Non-life insurance.
http://www.ld.lt/
6 Apdrošināšanas Akciju Sabiedrība Balta Riga, Latvia 30.06.2014 99,99% 99,99% Property insurance.
http://www.balta.lv/
7 PrJSC IC PZU Ukraine Kiev (Ukraine) 01.07.2005 100,00% 100,00% Property insurance.
http://www.pzu.com.ua/
8 PrJSC IC PZU Ukraine Life Insurance Kiev (Ukraine) 01.07.2005 100,00% 100,00% Life insurance.
http://www.pzu.com.ua/
9 UAB PZU Lietuva Gyvybes Draudimas Vilnius (Lithuania) 26.04.2002 99,34% 99,34% Life insurance.
https://pzugd.lt/
Consolidated companies – Pekao Group
10 Bank Pekao SA Warsaw 07.06.2017 20,02% 20,02% Banking services.
https://www.pekao.com.pl/
11 Pekao Bank Hipoteczny SA Warsaw 07.06.2017 20,02% 20,02% Banking services.
http://www.pekaobh.pl/
12 Pekao Leasing sp. z o.o. Warsaw 07.06.2017 20,02% 20,02% Lease services.
http://www.pekaoleasing.com.pl/
13 Pekao Investment Banking SA Warsaw 07.06.2017 20,02% 20,02% Brokerage services.
http://pekaoib.pl/
14 Pekao Faktoring sp. z o.o. Lublin 07.06.2017 20,02% 20,02% Factoring services.
https://www.pekaofaktoring.pl/
15 Pekao Towarzystwo Funduszy Inwestycyjnych SA Warsaw 11.12.2017 20,02% 20,02% Establishing, representing and managing mutual funds.
https://www.pekaotfi.pl
16 Centrum Kart SA Warsaw 07.06.2017 20,02% 20,02% Auxiliary financial services.
http://www.centrumkart.pl/
17 Pekao Financial Services sp. z o.o. Warsaw 07.06.2017 46,81%1 46,81%1 Transfer agent.
http://www.pekao-fs.com.pl/pl/
18 Pekao Direct sp. z o. o. Krakow 07.06.2017 20,02% 20,02% Call Center services.
https://www.pekaodirect.pl/
19 Pekao Property SA in liquidation2 Warsaw 07.06.2017 20,02% 20,02% Development activity.
20 FPB – Media sp. z o.o. in bankruptcy Warsaw 07.06.2017 20,02% 20,02% Development activity.
21 Pekao Fundusz Kapitałowy sp. z o.o. in liquidation Warsaw 07.06.2017 20,02% 20,02% Business consulting.
22 Pekao Investment Management SA Warsaw 11.12.2017 20,02% 20,02% Asset management.
https://www.pekaotfi.pl/tfi/welcome
23 Dom Inwestycyjny Xelion sp. z o.o.3 Warsaw 11.12.2017 20,02% 20,02% Financial intermediation.
https://www.xelion.pl/
Consolidated companies – Alior Bank Group
24 Alior Bank SA Warsaw 18.12.2015 31,93% 31,93% Banking services.
https://www.aliorbank.pl/
25 Alior Services sp. z o.o. Warsaw 18.12.2015 31,93% 31,93% Other activity supporting financial services, excluding insurance and pension funds.
26 Alior Leasing sp. z o.o. Wroclaw 18.12.2015 31,93% 31,93% Leasing services.
https://www.aliorbank.pl/wlasna-dzialalnosc/alior-leasing.html
27 Meritum Services ICB SA Gdańsk 18.12.2015 31,93% 31,93% IT services.
28 Alior TFI SA Warsaw 18.12.2015 31,93% 31,93% Asset management services and management of Alior SFIO subfunds.
https://www.aliortfi.com/
29 New Commerce Services sp. z o.o. Warsaw 18.12.2015 31,93% 31,93% Sales of non-banking products, provision of a procurement platform.
30 Absource sp. z o.o. Krakow 04.05.2016 31,93% 31,93% Service activity in the area of IT.
31 Serwis Ubezpieczeniowy sp. z o.o. Katowice 30.01.2017 31,93% 31,93% Brokerage activity.
32 Corsham sp. z o.o. Warsaw 04.02.2019 31,93% 31,93% Business consulting.
33 RBL_VC sp. z o.o. Warsaw 07.11.2019 31,93% 31,93% Venture capital fund management activities.
34 RBL_VC sp. z o.o. Harberton sp. z o.o. in liquidation4 Warsaw 19.02.2020 31,93% n/a Business consulting.
35 RBL_VC sp. z o.o. ASI SKA5 Warsaw 17.04.2020 31,93% n/a Activity of trusts, funds and similar financial institutions.
Consolidated companies – PZU Zdrowie Group
36 PZU Zdrowie SA Warsaw 02.09.2011 100,00% 100,00% Medical services. https://www.pzu.pl/pl/grupa-pzu/spolki/pzu-zdrowie
37 Centrum Medyczne Medica sp. z o.o. Płock 09.05.2014 100,00% 100,00% Medical services. https://www.plock.pzuzdrowie.pl
38 Sanatorium Uzdrowiskowe „Krystynka” sp. z o.o. Ciechocinek 09.05.2014 99,09% 99,09% Hospital, physical therapy and spa services.
http://www.sanatoriumkrystynka.pl/
39 Przedsiębiorstwo Świadczeń Zdrowotnych i Promocji Zdrowia ELVITA – Jaworzno III sp. z o.o. Jaworzno 01.12.2014 100,00% 100,00% Medical services. https://www.jaworzno.pzuzdrowie.pl/
40 Przedsiębiorstwo Usług Medycznych PROELMED sp. z o.o. Łaziska Górne 01.12.2014 57,00% 57,00% Medical services. http://www.proelmed.pl/
41 Centrum Medyczne Gamma sp. z o.o.6 Warsaw 08.09.2015 100,00% 60,46% Medical services. http://www.cmgamma.pl/
42 Polmedic sp. z o.o. Radom 30.11.2016 100,00% 100,00% Medical services. https://www.radom.pzuzdrowie.pl/
43 Centrum Medyczne św. Łukasza sp. z o.o. Częstochowa 09.01.2018 100,00% 100,00% Medical services. https://www.czestochowa.pzuzdrowie.pl/
44 Starówka sp. z o.o. Warsaw 03.06.2019 100,00% 100,00% Medical services. https://www.starowkanzoz.pl/
45 Tomma Diagnostyka Obrazowa SA Poznań 09.12.2019 100,00% 100,00% Medical services.
https://tomma.com.pl/
46 Bonus-Diagnosta sp. z o.o. Poznań 09.12.2019 100,00% 100,00% Medical services.
Consolidated companies – other companies
47 Powszechne Towarzystwo Emerytalne PZU SA Warsaw 08.12.1998 100,00% 100,00% Management of pension funds.
https://www.pzu.pl/pl/grupa-pzu/spolki/pte-pzu
48 PZU Centrum Operacji SA Warsaw 30.11.2001 100,00% 100,00% Auxiliary activity associated with insurance and pension funds.
https://www.pzu.pl/grupa-pzu/spolki/pzu-centrumoperacji
49 Towarzystwo Funduszy Inwestycyjnych PZU SA Warsaw 30.04.1999 100,00% 100,00% Establishing, representing and managing mutual funds.
https://www.pzu.pl/pl/grupa-pzu/spolki/tfi-pzu
50 PZU Pomoc SA Warsaw 18.03.2009 100,00% 100,00% Provision of assistance services.
https://www.pzu.pl/grupa-pzu/spolki/pzu-pomoc
51 PZU Finance AB (publ.) Stockholm (Sweden) 02.06.2014 100,00% 100,00% Financial services.
https://www.pzu.pl/pl/grupa-pzu/spolki/pzu-finance
52 PZU Finanse sp. z o.o. Warsaw 08.11.2013 100,00% 100,00% Financial and accounting services.
53 Tower Inwestycje sp. z o.o. Warsaw 27.08.1998 100,00% 100,00% Development activity, operation and lease of properties.
https://www.pzu.pl/pl/grupa-pzu/spolki/tower-inwestycje
54 Ogrodowa-Inwestycje sp. z o.o. Warsaw 15.09.2004 100,00% 100,00% Buying, operating, renting and selling real estate.
http://www.ogrodowainwestycje.pl/
55 Arm Property sp. z o.o. Krakow 26.11.2014 100,00% 100,00% Purchase and sale of real estate.
56 Ipsilon sp. z o.o. Warsaw 02.04.2009 100,00% 100,00% Provision of assistance services and medical services.
57 PZU Corporate Member Limited London (United Kingdom) 28.09.2017 100,00% 100,00% Investment activity.
58 PZU LAB SA Warsaw 13.09.2011 100,00% 100,00% Consulting and training services, development of technology innovation to support technical and procedural security processes and risk management.
https://www.pzu.pl/pl/grupa-pzu/spolki/pzu-lab
59 Omicron BIS SA Warsaw 28.08.2014 100,00% 100,00% No business conducted.
60 LLC SOS Services Ukraine Kiev (Ukraine) 01.07.2005 100,00% 100,00% Assistance services.
61 PZU CASH SA Warsaw 15.09.2017 100,00% 100,00% Other monetary intermediation.
https://www.pzu.pl/grupa-pzu/spolki/pzu-cash-sa
62 Tulare Investments sp. z o.o. Warsaw 15.09.2017 100,00% 100,00% No business conducted.
63 PZU Projekt 01 SA Warsaw 01.09.2020 100,00% n/a No business conducted.
Consolidated companies – Armatura Group
64 Armatura Kraków SA Krakow 07.10.1999 100,00% 100,00% Production and sale of radiators and sanitary fittings and administration and management of the group.
https://www.kfa.pl/
65 Aquaform SA Środa Wlkp. 15.01.2015 100,00% 100,00% Production and sale of bathroom accessories and fittings.
66 Aquaform Badprodukte GmbH in Liquidation Anhausen (Germany) 15.01.2015 100,00% 100,00% No business conducted.
67 Aquaform Ukraine ТОW Zhytomyr (Ukraine) 15.01.2015 100,00% 100,00% No business conducted.
68 Aquaform Romania SRL Prejmer (Romania) 15.01.2015 100,00% 100,00% No business conducted.
Consolidated companies – mutual funds
69 PZU SFIO Universum Warsaw 15.12.2009 n/a n/a Investment of funds collected from fund members.
70 PZU FIZ Dynamiczny w likwidacji Warsaw 27.01.2010 n/a n/a as above
71 PZU FIZ Sektora Nieruchomości7 Warsaw 01.07.2008 n/a n/a as above
72 PZU FIZ Sektora Nieruchomości 27 Warsaw 21.11.2011 n/a n/a as above
73 PZU FIZ Aktywów Niepublicznych BIS 1 Warsaw 12.12.2012 n/a n/a as above
74 PZU FIZ Aktywów Niepublicznych BIS 2 Warsaw 19.11.2012 n/a n/a as above
75 PZU FIO Globalny Obligacji Korporacyjnych Warsaw 30.05.2016 n/a n/a as above
76 inPZU Inwestycji Ostrożnych Warsaw 10.04.2018 n/a n/a as above
77 inPZU Obligacje Polskie Warsaw 10.04.2018 n/a n/a as above
78 inPZU Akcje Polskie Warsaw 10.05.2018 n/a n/a as above
79 inPZU Akcji Rynków Rozwiniętych Warsaw 10.05.2018 n/a n/a as above
80 inPZU Obligacji Rynków Rozwiniętych Warsaw 10.05.2018 n/a n/a as above
81 inPZU Obligacji Rynków Wschodzących Warsaw 10.05.2018 n/a n/a as above
82 inPZU Goldman Sachs ActiveBeta Akcje Rynków Wschodzących Warsaw 28.10.2019 n/a n/a as above
83 inPZU Goldman Sachs ActiveBeta Akcje Amerykańskich Dużych Spółek Warsaw 28.10.2019 n/a n/a as above
84 inPZU Akcje CEEplus Warsaw 28.10.2019 n/a n/a as above
85 inPZU Puls Życia 2025 Warsaw 22.10.2020 n/a n/a as above
86 inPZU Puls Życia 2030 Warsaw 22.10.2020 n/a n/a as above
87 inPZU Puls Życia 2040 Warsaw 22.10.2020 n/a n/a as above
88 inPZU Puls Życia 2050 Warsaw 22.10.2020 n/a n/a as above
89 inPZU Puls Życia 2060 Warsaw 22.10.2020 n/a n/a as above
Associates
90 GSU Pomoc Górniczy Klub Ubezpieczonych SA Gliwice 08.06.1999 30,00% 30,00% Insurance administration.
http://gsupomoc.pl/
91 PayPo sp. z o.o.8 Warsaw 15.11.2018 6,39% 6,39% Financial services.
https://paypo.pl/
92 Sigma BIS SA Warsaw 03.10.2019 34,00% 34,00% Advertising activity.
92 RUCH SA9 Warsaw 23.12.2020 30,92% n/a Retail sale of newspapers and stationery in specialized stores.
https://ruch.com.pl/

1 PZU directly holds a 33.5% equity stake in Pekao Financial Services sp. z o.o. while Pekao holds 66.5%.
2 On 1 March 2019 the company’s liquidation process was opened.
3 In December 2020 Pekao signed a preliminary sale agreement for 100% shares.
4 Additional information is presented in item 2.3.1.2.
5 On 17 April 2020, a new company was entered in the National Court Register, the founders of which are Alior Bank and RBL_VC sp. z o.o. The company’s share capital is PLN 50 thousand and is divided into 50,000 registered shares with a par value of PLN 1 each.
6 On 30 October 2020 PZU Zdrowie SA acquired the remaining shares in Centrum Medyczne Gamma sp. z o.o. and as of that date the PZU Group’s equity stake and share of votes at the shareholder meeting is 100%.
7 The funds PZU FIZ Sektora Nieruchomości and PZU FIZ Sektora Nieruchomości 2 conduct their investment activity through (consolidated) subsidiary companies established under commercial law as special-purpose vehicles the number of which as at 31 December 2020 was 18 and 14, respectively (as at 31 December 2019: 18 for each fund).
8 Alior Bank’s associate, in which it holds a 20.00% stake. Consequently, the PZU Management Board recognizes that the PZU Group has significant influence over this company. On 7 January 2021 the PZU Group sold all its shares in PayPo sp. z o.o. (on 10 February 2021 the sale was registered in the National Court Register) The transaction will not affect the PZU Group’s consolidated statements to any significant extent.
9 More information on RUCH is presented in section 2.3.1.1.