PZU S.A. has signed a conditional agreement to acquire 100% of the shares in MetLife Ukraine, the leader of the Ukrainian life insurance market. The transaction is subject to customary regulatory approvals.
The acquisition is in line with the PZU Group’s strategy of expanding in Central and Eastern Europe, particularly in markets where the Group is already present. For PZU Ukraine, the acquisition means a substantial increase in scale, access to a sales network complementary to that of PZU Ukraine, advanced product expertise, and an experienced team with a broad customer base.
“Acquiring MetLife Ukraine is one of the key steps in executing 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 a proven, resilient business model and workforce that strengthens our presence in Ukraine and significantly increases the scale of our life insurance operations. This decision combines strategic ambition with solid business fundamentals,” said Bogdan Benczak, President of PZU.
The transaction represents the first acquisition by an international insurance company in Ukraine in almost a decade and underscores renewed cross-border interest in the sector despite the ongoing war.
The transaction further reinforces FinPoint’s position as a leading M&A adviser in Ukraine, particularly in complex and cross-border transactions, and continues the firm’s track record of advising international investors on Ukrainian assets.
FinPoint and Rothschild & Co (Warsaw office) acted as exclusive financial advisers to PZU S.A. FinPoint was represented by Sergiy Budkin, Roman Menshov, Yurii Filipovych, and Mykyta Zalozetskyi.
About MetLife Ukraine
MetLife Ukraine is the largest life insurer in Ukraine, with a market share of approximately 50%. The company serves approximately 900 000 of customers and offers a broad portfolio of products, ranging from individual and group life insurance to health and accident insurance, as well as employee benefits programs.
About PZU S.A.
PZU Group is one of the largest financial institutions in Poland and in Central and Eastern Europe. The Group is led by Powszechny Zakład Ubezpieczeń S.A. – a company quoted on the Warsaw Stock Exchange.
About MetLife
MetLife, Inc. is one of the world’s leading financial services companies, providing insurance, annuities, employee benefits and asset management solutions to individual and institutional clients. Founded in 1868 and headquartered in New York, the company operates in more than 40 markets globally and holds leading positions across the United States, Asia, Latin America, Europe and the Middle East.