PZU agrees to buy MetLife Ukraine in full takeover

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MetLife, Inc.

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  • PZU Group entered conditional agreement to acquire 100% of MetLife Ukraine, expanding its life insurance footprint in Central and Eastern Europe.
  • MetLife Ukraine leads Ukrainian life insurance market with about 50% share, serving around 900,000 customers.
  • Deal materially scales PZU’s life segment in Ukraine, adding a diversified distribution network spanning brokers, bank partnerships, agency channels.
  • MetLife Ukraine profitability cited at roughly 20% ROE, supported by strong capital and liquidity that could enable dividend payouts.
  • Investment risk coverage includes insurance from KUKE against potential deterioration in military or political conditions.


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