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| Gross technical provisions by classes specified in section II of the appendix to the Act on Insurance Activity | 31 December 2015 | 31 December 2014 |
| Accident and sickness insurance (group 1 and 2) | 408,534 | 406,557 |
| Motor third-party liability insurance (group 10) | 11,769,457 | 11,620,451 |
| Other motor insurance (group 3) | 2,021,902 | 1,865,335 |
| Sea, aircraft and transport insurance (groups 4, 5, 6, 7) | 99,768 | 113,307 |
| Insurance against fire and other damage to property (groups 8, 9) | 1,810,367 | 1,681,882 |
| Third-party liability insurance (groups 11, 12, 13) | 2,225,334 | 2,252,799 |
| Credit insurance and suretyship (groups 14, 15) | 188,681 | 162,080 |
| Assistance (group 18) | 184,289 | 151,905 |
| Legal protection (group 17) | 5,393 | 2,782 |
| Other (group 16) | 564,875 | 153,549 |
| Total technical provisions | 19,278,600 | 18,410,647 |
| Technical provisions, net of reinsurance, by classes specified in section II of the appendix to the Act on Insurance Activity | 31 December 2015 | 31 December 2014 |
| Accident and sickness insurance (group 1 and 2) | 407,917 | 405,573 |
| Motor third-party liability insurance (group 10) | 11,505,928 | 11,366,417 |
| Other motor insurance (group 3) | 1,989,171 | 1,829,788 |
| Sea, aircraft and transport insurance (groups 4, 5, 6, 7) | 64,873 | 87,795 |
| Insurance against fire and other damage to property (groups 8, 9) | 1,523,481 | 1,501,794 |
| Third-party liability insurance (groups 11, 12, 13) | 2,142,140 | 2,172,237 |
| Credit insurance and suretyship (groups 14, 15) | 112,373 | 94,747 |
| Assistance (group 18) | 179,650 | 147,603 |
| Legal protection (group 17) | 5,392 | 2,781 |
| Other (group 16) | 250,981 | 48,852 |
| Total technical provisions | 18,181,906 | 17,657,587 |
| Technical provisions – non-life insurance | 31 December 2015 | 31 December 2014 |
| Short-term | 5,326,890 | 4,411,180 |
| Long-term | 13,951,710 | 13,999,467 |
| Total technical provisions | 19,278,600 | 18,410,647 |
Provisions are classified as long-term if the related cash flows are expected to occur after more than 12 months of the end of the reporting period, from 31 December 2015.
Change in provisions
| Change in unearned premiums reserve in non-life insurance | 1 January - 31 December 2015 | 1 January - 31 December 2014 | ||||
| gross | reinsurers' share | own share | gross | reinsurers' share | own share | |
| Opening balance | 5,133,390 | (302,118) | 4,831,272 | 4,428,845 | (209,940) | 4,218,905 |
| Increase (decrease) in provisions for policies concluded in the current year | 5,212,891 | (248,995) | 4,963,896 | 4,335,362 | (258,368) | 4,076,994 |
| Increase (decrease) in provisions for policies concluded in previous years | (4,689,324) | 207,871 | (4,481,453) | (4,157,746) | 174,566 | (3,983,180) |
| Exchange differences during the period | (13,960) | 4,085 | (9,875) | (18,556) | 5,948 | (12,608) |
| Change in group composition | - | - | - | 642,510 | (19,282) | 623,228 |
| Transfers to assets held for sale in accordance with IFRS 5 1) | - | - | - | (97,025) | 4,958 | (92,067) |
| Closing balance | 5,642,997 | (339,157) | 5,303,840 | 5,133,390 | (302,118) | 4,831,272 |
1) Transfer of PZU Lithuania’s assets to liabilities held for sale due to the transaction described in Note 2.4.1. The decrease of provisions was translated at average rate described in Note 5.3.
| Change in unexpired risk reserve in non-life insurance | 1 January - 31 December 2015 | 1 January - 31 December 2014 | ||||
| gross | reinsurers' share | own share | gross | reinsurers' share | own share | |
| Opening balance | 19,257 | - | 19,257 | 8,770 | (16) | 8,754 |
| Increase (decrease) in provisions for policies concluded in the current year | 115,696 | - | 115,696 | 17,077 | 12 | 17,089 |
| Increase (decrease) in provisions for policies concluded in previous years | (15,378) | - | (15,378) | (5,316) | - | (5,316) |
| Exchange differences during the period | (392) | - | (392) | (561) | 4 | (557) |
| Change in group composition | - | - | - | 12,739 | - | 12,739 |
| Transfers to assets held for sale in accordance with IFRS 5 1) | - | - | - | (13,452) | - | (13,452) |
| Closing balance | 119,183 | - | 119,183 | 19,257 | - | 19,257 |
1) Transfer of PZU Lithuania’s assets to liabilities held for sale due to the transaction described in Note 2.4.1. The decrease of provisions was translated at average rate described in Note 5.3.
| Change in outstanding claims provisions in non-life insurance | 1 January - 31 December 2015 | 1 January - 31 December 2014 | ||||
| gross | reinsurers' share | own share | gross | reinsurers' share | own share | |
| Opening balance, including: | 7,258,764 | (296,900) | 6,961,864 | 6,041,030 | (170,375) | 5,870,655 |
| - for claims reported | 2,704,345 | (228,795) | 2,475,550 | 2,072,193 | (121,826) | 1,950,367 |
| - for claims incurred but not reported (IBNR) | 2,868,611 | (46,259) | 2,822,352 | 2,615,113 | (29,989) | 2,585,124 |
| - for claims handling expenses | 1,685,808 | (21,846) | 1,663,962 | 1,353,724 | (18,560) | 1,335,164 |
| Paid benefits concerning claims incurred in previous years, including: | (2,051,618) | 51,404 | (2,000,214) | (1,575,921) | 54,322 | (1,521,599) |
| - paid claims and benefits | (1,721,861) | 46,959 | (1,674,902) | (1,313,456) | 50,481 | (1,262,975) |
| - claims handling costs | (329,757) | 4,445 | (325,312) | (262,465) | 3,841 | (258,624) |
| Increase (decrease) in provisions, including: | 2,506,646 | (334,282) | 2,172,364 | 2,450,810 | (167,606) | 2,283,204 |
| - for losses incurred in the current year | 2,631,146 | (342,841) | 2,288,305 | 2,041,127 | (44,022) | 1,997,105 |
| - for losses incurred in previous years | (124,500) | 8,559 | (115,941) | 409,683 | (123,584) | 286,099 |
| Other changes | - | (2,904) | (2,904) | 2 | 8,789 | 8,791 |
| Exchange differences during the period | (7,432) | 3,569 | (3,863) | (10,665) | 6,304 | (4,361) |
| Change in group composition | - | - | - | 454,412 | (42,844) | 411,568 |
| Transfers to assets held for sale in accordance with IFRS 5 1) | - | - | - | (100,904) | 14,510 | (86,394) |
| Closing balance | 7,706,360 | (579,113) | 7,127,247 | 7,258,764 | (296,900) | 6,961,864 |
| - for claims reported | 3,146,098 | (527,713) | 2,618,385 | 2,704,345 | (228,795) | 2,475,550 |
| - for claims incurred but not reported (IBNR) | 2,825,240 | (28,973) | 2,796,267 | 2,868,611 | (46,259) | 2,822,352 |
| - for claims handling expenses | 1,735,022 | (22,427) | 1,712,595 | 1,685,808 | (21,846) | 1,663,962 |
1) Transfer of PZU Lithuania’s assets to liabilities held for sale due to the transaction described in Note 2.4.1. The decrease of provisions was translated at average rate described in Note 5.3
| Change in provisions for the capitalized value of annuities – non-life insurance | 1 January - 31 December 2015 | 1 January - 31 December 2014 | ||||
| gross | reinsurers' share | own share | gross | reinsurers' share | own share | |
| Opening balance | 5,997,595 | (154,042) | 5,843,553 | 5,761,332 | (146,180) | 5,615,152 |
| Paid claims concerning losses incurred in previous years | (215,114) | 5,853 | (209,261) | (182,358) | 15,853 | (166,505) |
| Increase (decrease) in provisions for losses incurred in the previous years | (115,827) | (26,158) | (141,985) | 76,457 | (17,444) | 59,013 |
| Changes in assumptions resulting from technical interest rate changes | (15,044) | 85 | (14,959) | (17,284) | 446 | (16,838) |
| Increase in provisions for losses incurred in the current year | 166,396 | (22) | 166,374 | 278,344 | (587) | 277,757 |
| Other changes | (10,098) | (4,146) | (14,244) | - | 3,916 | 3,916 |
| Exchange differences during the period | (16) | 6 | (10) | (8) | 40 | 32 |
| Change in group composition | - | - | - | 81,112 | (10,086) | 71,026 |
| Closing balance | 5,807,892 | (178,424) | 5,629,468 | 5,997,595 | (154,042) | 5,843,553 |
