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Link4

PZU groupPolandlink4.pl ↗#17 of 45 in Poland, FY 2025
Updated 11 Nov 2026
Sources and updates
Source
KNF annual bulletin; lines, solvency and claims from each insurer's SFCR
Latest figures
FY 2025, H1 2026
Next update
Jan–Sep 2026, around December 2026

Sources for PolandWhat changed

Compare with nearest rivals →Compare →
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Premium
€236m
1.1% of Poland
Growth
−14.2%
FY 2025 vs 2024, in PLN · market +5.7%
Life share
0%
of own premium
Capital cover
134%
SCR ratio · €44m held vs €33m required
Claims and costs
115%
combined ratio after reinsurance, 60% of the premium reinsured · gross 86% · market 92%
In shortNumber 17 of 45 in Poland with 1.1% of premium; its premium fell 14.2% while the market grew 5.7%. Its non-life business lost money on underwriting, with a combined ratio of 115% after reinsurance against 92% for the market; before reinsurance it was 86%, with 60% of its non-life premium passed to reinsurers. It paid €185m in claims, €79 for every €100 of its premium. It holds 1.3 times the capital it must hold.

In the news28 May 2026: KNF opens penalty case against Link4 over motor TPL premiums All news for Poland

Latest resultsH1 2026, year to date: €117m of premium, −5.9% on H1 2025 (market +6.6%); share 1.1% (−0.1 pp), #17 of 46. More

Latest event28 Aug 2026: KNF unanimously raised no objection to PZU absorbing its subsidiary LINK4. More

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Link4's line mix, and where it stands among the 45 insurers in Poland on each measure, FY 2025.

Line mix
Motor TPL67%
Casco19%
Property6%
Other non-life6%
Accident2%
Size#17 of 45 by premium
€236m
larger than 64%median €120m
GrowthFY 2025 against 2024, in PLN
−14.2%
ahead of 11%median +6.1%
Claims and costsnon-life combined ratio, after reinsurance
115%
better than 4%median 94%
Capital coverSCR ratio: own funds ÷ SCR
134%
ahead of 5%median 210%
Return on equitynet profit ÷ average equity
−27.4%
ahead of 0%median 15.5%

Each bar runs from the weakest to the strongest of the insurers in Poland with that figure in FY 2025; the dot is this insurer, the tick in the middle the median. Combined ratios as shown across the site: after reinsurance where published, else gross. The rose: each petal's area is the line's share of written premium; the dashed ring is a quarter.

Premium and market share

Market share against the nearest rivals

By year

Insurer20212022202320242025
InterRisk2.1%2.2%2.2%2.1%2.1%
TUW PZUW1.2%1.5%1.5%1.7%1.7%
Link41.6%1.7%1.6%1.4%1.1%
TUW TUW0.9%1.0%0.9%0.9%0.8%
PKO Ubezpieczenia1.2%0.8%0.9%0.8%0.7%

Lines and claims

Written premium by line with ratios after reinsurance for the year selected (gross, marked, where the insurer gives no net figures for a line); the market figure on the same basis sits under each ratio.

All figures

Solvency

DetailsCapital in detailOwn funds against the capital requirement, and the risks it covers

Capital at year end

Capital cover

    Also in the PZU group

    8 companies in 4 markets · €8.11bn premium, latest year

    All 8 on the PZU page →
    Polandthis market3 companies€7.16bn
    PZU€4.27bnPZU Życie€2.53bnTUW PZUW€367m
    Lithuania2 companies€434m
    Lietuvos draudimas€405mPZU Lietuva gyvybės draudimas€28m
    Latvia1 company€198m
    Balta€198m
    Estonia1 company€86m
    Lietuvos draudimas (branch)€86m

    Company details

    Legal name
    LINK4 TOWARZYSTWO UBEZPIECZEŃ SPÓŁKA AKCYJNA
    Registered seat
    Warsaw, Poland
    Website
    link4.pl
    LEI
    2594001JSECH6MFMMV96

    Legal name, seat and LEI from the Global LEI Index (GLEIF); website from the company's own reports or the supervisor's register, checked 20 Oct 2026.

    Questions about Link4

    Short answers from the figures on this page.

    What is Link4's market share in Poland?

    Link4 wrote €236m of premium in FY 2025, 1.1% of all premium in Poland, ranking #17 of 45 insurers; its premium fell 14.2% on FY 2024 in PLN.

    Who owns Link4?

    Link4 is part of the PZU group, which has 8 companies in 4 of the 18 markets on Polisa (FY 2025).

    What does Link4 sell?

    Link4 is a non-life insurer; its largest lines in FY 2025 are motor TPL (66.8% of its premium), casco (18.7%) and property (5.9%).

    Is Link4 well capitalised?

    Link4's SCR ratio was 134% at 31 December 2025: it held 1.3 times the capital Solvency II requires, against a median of 210% for the insurers in Poland.

    Is Link4 profitable?

    Link4 made a net loss of €11.5m in FY 2025, a return on equity of −27.4%; its non-life combined ratio was 115% after reinsurance.

    Is Link4 growing?

    Link4's premium fell 14.2% in PLN in FY 2025 while the market in Poland grew 5.7%.

    Sources for this page

    Premium: KNF (Polish Financial Supervision Authority), annual bulletin Rynek ubezpieczeń, tables II.3 and II.15; motor lines from table II.18. Other lines, claims, expenses and solvency: the insurer's SFCR for FY 2025, templates S.05.01 and S.23.01; claims, expenses and solvency for FY 2021–2024 from the SFCRs of those years. How these numbers are built.

    Spotted a wrong figure? Tell us and include the source.

    CiteCite this pageThe reference in APA style and as BibTeX, each with a copy button, and the terms of reuse

    Polisa compiles the figures; the original sources are named on this page and on the method page.

    APA

    Polisa. (2026). Link4 (Poland): premium, market share, lines, solvency and claims [Data version 2026-11-11.13378f]. Retrieved November 11, 2026, from https://polisapro.com/insurers/pl-link4

    BibTeXShow entry
    Entry for a .bib file
    @misc{polisa_insurers_pl_link4_2026,
  author       = {{Polisa}},
  title        = {Link4 (Poland): premium, market share, lines, solvency and claims},
  year         = {2026},
  version      = {2026-11-11.13378f},
  howpublished = {\url{https://polisapro.com/insurers/pl-link4}},
  note         = {Accessed 11 November 2026}
}

    Reuse: Polisa's compilation CC BY 4.0 · source data: KNF (open data, credit KNF), insurers' SFCRs (public disclosures, linked).