The Polish group PZU has announced the acquisition of 100% of the shares of the insurance company “MetLife” — the absolute leader in Ukraine’s life insurance market with a share of over 50%, which in 2025 generated nearly one billion hryvnias in profit. This was reported on PZU’s website.
MetLife is currently owned by the American company American Income Life Insurance Company, a subsidiary of Globe Life.
The deal allows PZU to significantly strengthen its position in Ukraine. The company gains an extensive distribution network with nearly one million active clients, banking partnerships, and a product portfolio ranging from individual life insurance to corporate employee programs.
“The acquisition of MetLife Ukraine is an important step in the implementation of our long-term strategy to develop 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 resilient business model, which strengthens our presence in Ukraine and significantly increases the scale of our life insurance operations. This decision combines strategic ambitions with solid business fundamentals,” said PZU CEO Bogdan Benczak.
According to Forinsurer, in 2025 MetLife collected over 3 billion UAH in insurance premiums, while PZU Ukraine Life Insurance, the third player on the market, collected only 409 million UAH.
The Ukrainian life insurance market remains one of the least saturated in Central and Eastern Europe. According to the group, this makes it promising for long-term growth.
“This PZU transaction is another foreign investment by a Polish entity in Ukraine secured this year by KUKE. The absence of political and force majeure risks, including war-related risks, creates potential for the safe expansion of our companies,” said Janusz Władyczak, CEO of KUKE.
PZU has insured its investment risks through the Polish Export Credit Insurance Corporation (KUKE), which covers political and war risks.
