PZU SA Group has entered into a conditional agreement to acquire 100% of the shares of MetLife Ukraine, the leader of the Ukrainian life insurance market, according to a statement by PZU Ukraine.
The agreement is expected to strengthen PZU Group’s position in Central and Eastern Europe, expand its scale in the life insurance segment, and align with its strategy to build a regional leader.
"The acquisition of MetLife Ukraine is an important step in implementing our long-term strategy to build a strong international insurance and financial group in Central and Eastern Europe. We are investing in a market leader with an experienced team and a sustainable business model, which strengthens our presence in Ukraine and significantly increases the scale of operations in the life insurance segment. This decision combines strategic ambitions with solid business fundamentals," said PZU management board chairman Bogdan Benczak.
In addition, the move is consistent with the group’s strategy to expand in Central and Eastern Europe, particularly in markets where it already has an established presence. The Ukrainian life insurance market remains relatively underdeveloped compared to other countries in the region, creating significant opportunities for further growth.
