Poland's PZU Q3 net profit up 8 pct y/y, above forecasts

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WARSAW, Nov 15 (Reuters) - Poland's biggest insurer PZU SA said on Wednesday net profit rose 8 percent year-on-year in the third quarter as the consolidation of recently-bought Pekao SA offset the financial cost of violent storms that hit Poland last summer.

Central and eastern Europe's biggest insurer said its net profit rose to 700 million zlotys ($194.23 million). Analysts had expected a net profit of 668 million zlotys.

Gross written premiums at the state-run company rose to 5.33 billion zlotys from 4.84 billion zlotys a year earlier. Analysts had expected 5.399 billion zlotys.

This article appears in: Politics , Fundamental Analysis , World Markets , Stocks , Economy , Earnings
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