PZU stock: PZU announces Link4 merger vote. Investors value PZU stock at PLN 62.4 billion

Published on 10/24/2026 at 02:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Link4's assets would move into PZU without new shares. PZU stock carries PLN 62.4 billion in value on October 23, 2026.

Merger, results and valuation

PZU disclosed the Link4 merger vote on October 23, 2026, covering 100.00 percent of the subsidiary.
Insurance revenue rose 2.80 percent to PLN 15.65 billion in the first half of 2026.
PZU's third-quarter report is scheduled for November 19, 2026.

PZU, PLPZU0000011, Illustration mit AI erstellt.

PZU (PLPZU0000011) disclosed a planned Link4 merger vote for November 24, 2026, with all of Link4's assets moving into PZU without a capital increase, according to PB on October 23, 2026. The vote gives investors a defined corporate milestone before the next financial update.

Three steps toward integration

The chronology shows how the transaction developed. On May 29, 2026, PZU and Link4 agreed a merger plan covering the wholly owned insurer. On October 21, 2026, PZU received approval to acquire 100.00 percent of MetLife Ukraine, according to PZU. On October 23, 2026, the company announced the Link4 merger vote, again involving 100.00 percent of the subsidiary.

What does the H1 result mean?

The operating picture is mixed. Insurance revenue rose 2.80 percent to PLN 15.65 billion in the first half of 2026, while net profit attributable to shareholders fell 6.80 percent to PLN 3.01 billion from PLN 3.23 billion a year earlier, according to IT Boltwise on October 21, 2026. In the second quarter, the insurance result reached PLN 1.22 billion, but the mass-market combined ratio increased to 104.20 percent from 93.00 percent in the second quarter of 2025.

Next dates for shareholders

PZU's calendar lists the third-quarter financial report and analyst meeting for November 19, 2026, followed by an institutional investor conference on December 1, 2026, according to the company's Investor Relations page. The November report will test whether stronger insurance revenue can offset the weaker first-half net profit trend.

Valuation meets a corporate catalyst

PZU belongs to the WIG20 and had a market capitalization of PLN 62.4 billion as of October 23, 2026. Its 52-week range was PLN 56.86 to PLN 77.20 on that date, leaving the stock below its yearly high while the Link4 vote and the November report provide concrete valuation milestones. The last available Warsaw Stock Exchange quote was PLN 72.32 on October 23, 2026 at 5:01 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of PZU stock.