Glossary beginning with P
Polish Accounting Standards
- Payout ratio
Dividend payout ratio, in other words the quotient of the dividend paid and the company’s net result stated as a percentage.
Polish Financial Supervision Authority, www.knf.gov.pl
- Profit margin in group and continued insurance in PZU Życie
an indicator calculated as the ratio of the result to gross written premium in the group and individually-continued insurance segment, net of one-off effects such as, for instance, the conversion effect, namely the conversion of longterm contracts into short-term contracts (according to Polish Accounting Standards) and changes to technical rates, namely the rate used to discount technical provisions.