43.1 Technical provisions – non-life insurance [1]
| Gross technical provisions by classes specified in section II of the appendix to the Act on Insurance Activity [2] | 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 [2] | 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 [6]. The decrease of provisions was translated at average rate described in Note 5.3 [7].
| 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 [6]. The decrease of provisions was translated at average rate described in Note 5.3 [7].
| 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 [6]. The decrease of provisions was translated at average rate described in Note 5.3 [7]
| 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 |