PZU and PZU Życie are regularly rated by Standard & Poor's Ratings Services (S&P). The rating assigned to PZU and PZU Życie results from an analysis of the financial information, competitive position, management and corporate strategy as well as country financial situation. It also includes outlook, which is an assessment of the future position of the Company in the event of specific circumstances.

As at the date of the report, both companies had financial strength rating and the credit rating (awarded by S&P on 16 July 2009) on the A level with a stable outlook. This is the top S&P rating available for a Polish company.

As at the date of this Report, long-term credit rating in the local currency as at the date of the report was A with a stable outlook, while the credit rating for a foreign currency was A- with a stable outlook.

On 26 November 2013 S&P put PZU on its CreditWatch Neg. This was related to a change in the rating methodology linking the company’s rating with the long-term country rating for debts in foreign currencies to the risk of which the company is particularly exposed.

In the release of 25 March 2014, the S&P confirmed PZU's rating position at the level "A" with a stable outlook. This means that PZU has successfully undergone the rating process based on the new criteria and its current financial strength rating is greater than Poland's rating for foreign currency debt.

The table below presents ratings assigned to PZU and PZU Życie and to the Republic of Poland by Standard&Poor’s, together with those of the previous year.