UAB "PZU Lietuva gyvybės draudimas"

UAB "PZU Lietuva gyvybės draudimas" is (or historically was) a Lithuanian private limited liability insurance company focused on life insurance products and services. The company is associated with Poland’s PZU Group (Powszechny Zakład Ubezpieczeń), one of the largest insurance groups in Central and Eastern Europe. The entity operated in the life insurance segment in Lithuania, offering individual and corporate life insurance, as well as investment-linked and savings-oriented insurance solutions.

Company Overview

Legal name: UAB "PZU Lietuva gyvybės draudimas"
Country: Lithuania
Industry sector: Insurance (Life insurance)
Founding date: Not publicly confirmed in the open sources consulted (PZU Group has operated in Lithuania since the early 2000s; the life entity dates back to the early/mid-2000s period).
Headquarters (city): Vilnius, Lithuania

Legal Information

Įmonės kodas (company code): Not publicly available in the open sources consulted (verify in Registrų centras / Juridinių asmenų registras).
PVM kodas (VAT code): Not publicly available in the open sources consulted (verify in VMI / VAT register).
Official website: Historically operated under PZU’s Lithuania web presence (see pzu.pl and historical Lithuanian PZU pages); the current, active Lithuanian life insurance presence should be verified via the PZU Group site and the Bank of Lithuania register.
Official email: Not publicly listed in the open sources consulted; customer service channels were typically provided via web contact forms and call center lines.
Registered office address: Vilnius, Lithuania (exact street address not confirmed in the open sources consulted).
Main phone number: Not publicly confirmed in the open sources consulted.

Note: Because the Lithuanian insurance market underwent significant consolidation and brand changes in the mid-2010s, certain web and contact details for this entity may have changed, been merged, or been retired. For authoritative, current data, consult the Bank of Lithuania’s register of insurance undertakings and the Lithuanian Register of Legal Entities.

Business Operations

Main products and services
- Term life insurance and whole life risk coverages
- Investment-linked (unit-linked) life insurance with a range of funds and risk profiles
- Savings and endowment-type life insurance solutions
- Riders and supplementary cover (critical illness, accident, disability)
- Group life insurance solutions for employers

Business model
The company operated as a licensed life insurer in Lithuania, distributing products through a mix of direct channels, tied agents, brokers, and partnerships with financial intermediaries. Product design typically combined protection and long-term savings/investment features, with unit-linked life policies aligned to the risk-return preferences of retail clients.

Market position
In the Lithuanian life insurance market, UAB "PZU Lietuva gyvybės draudimas" positioned itself as part of the PZU Group’s regional life insurance offering. While not the market leader, it competed in a field with several well-capitalized regional and Nordic groups, emphasizing PZU’s brand recognition in the region, a broad product portfolio, and integration with PZU Group’s risk management and asset management capabilities.

History

- Early 2000s: PZU Group builds presence in Lithuania, including life insurance activities under the “PZU Lietuva” brand family.
- Mid-2010s: The Lithuanian insurance market experiences consolidations and brand realignments. PZU Group’s non-life operations underwent changes following regional transactions and competition regulations. The life insurance arm continued serving Lithuanian customers under the PZU brand, with portfolio and distribution aligning to group standards.
- Late 2010s–2020s: The life offering focused on protection and unit-linked products, with an increasing emphasis on digital servicing, improved disclosure, and alignment with Solvency II regulatory frameworks under the oversight of the Bank of Lithuania.

Note: Following regional divestments and mergers affecting non-life insurance brands in Lithuania in 2015–2016, various web domains and brand presences changed. Historical sources should be cross-checked to determine the continuity of this specific legal entity and any successor arrangements.

Financial Information

Revenue and key financials: Not publicly available in the open sources consulted. Financial statements for licensed insurers in Lithuania are typically available via the Bank of Lithuania’s public disclosures and the Register of Legal Entities (Juridinių asmenų registras).
Funding rounds: Not applicable; as an operating insurance company, capitalization is typically provided by the parent group and retained earnings rather than venture-style rounds.
Ownership structure: The entity has been associated with PZU Group’s life insurance arm. The ultimate parent is PZU SA (Poland). In many markets, life subsidiaries are held through PZU Życie SA (PZU Life), the Polish life insurer within the group. The precise direct shareholding chain for the Lithuanian life entity should be confirmed in the Lithuanian Register of Legal Entities or in PZU Group’s consolidated reports.

Leadership and Management

Key executives (vadovai):
- Current and historical executive names and positions for UAB "PZU Lietuva gyvybės draudimas" were not publicly available in the open sources consulted. The names of the General Manager (CEO), Chief Financial Officer, Chief Risk Officer, and Board or Supervisory Council members should be verified via the Lithuanian Register of Legal Entities and the Bank of Lithuania’s insurer disclosures.

Board / Supervisory Council:
- Not publicly available in the open sources consulted. Lithuanian insurers typically maintain a management board and a supervisory organ aligned with local corporate governance requirements.

Office Locations

Registered office / headquarters: Vilnius, Lithuania (specific street address not confirmed in the open sources consulted).
Other offices: No reliably confirmed regional branches or addresses found in the open sources consulted.

Market Position

Main competitors in Lithuania (life insurance):
- ERGO Life Insurance SE (Lithuanian branch)
- Compensa Life Vienna Insurance Group SE (Lithuanian branch)
- Swedbank gyvybės draudimas (Swedbank Life Insurance)
- SEB gyvybės draudimas (SEB Life and Pension)
- Mandatum Life Insurance Company Ltd (Lithuanian branch)
- SB draudimas (Šiaulių banko group)
- Other niche or regional life insurance providers

Competitive advantages (typical for PZU Group life operations):
- Brand recognition and scale of PZU Group in Central and Eastern Europe
- Product breadth in unit-linked and protection insurance
- Group-level risk management, solvency strength, and asset management expertise
- Established broker and partner distribution networks

Market share: Not publicly quantified for this entity in the open sources consulted; the Lithuanian life insurance market is competitive and relatively concentrated among several major regional players.

Recent Developments

- The Lithuanian insurance market has continued to digitalize, with insurers enhancing online onboarding, remote advice, and transparent fund/fee disclosures for unit-linked products.
- Regulatory oversight under Solvency II and consumer protection rules by the Bank of Lithuania has remained a key driver for product, disclosure, and capital management practices.
- Any recent mergers, rebrandings, or portfolio transfers specific to UAB "PZU Lietuva gyvybės draudimas" were not confirmed in the open sources consulted; due to prior market realignments in the mid-2010s, stakeholders should verify the current legal status and branding of the entity in official registers.

Contact Information

Company name: UAB "PZU Lietuva gyvybės draudimas"
Registered office: Vilnius, Lithuania (exact address not confirmed in the open sources consulted)
Phone: Not publicly confirmed in the open sources consulted
Email: Not publicly confirmed in the open sources consulted
Website: For general group information, see PZU Group investor relations and corporate pages (pzu.pl). For licensing/authorization details in Lithuania, consult the Bank of Lithuania register.

For the most accurate and up-to-date legal and contact details, consult:
- Bank of Lithuania (Lietuvos bankas) register of insurance undertakings
- Lithuanian Register of Legal Entities (Juridinių asmenų registras, Registrų centras)
- PZU Group’s latest annual and periodic reports

Sources and References

- Bank of Lithuania (Lietuvos bankas) – List of supervised financial market participants / insurance undertakings: https://www.lb.lt/en/sfi-financial-market-participants (filter by Insurance undertakings / Life insurance).
- Bank of Lithuania – Public reports and statistical data on the insurance market: https://www.lb.lt/en/ (search: insurance market statistics, Solvency II disclosures).
- PZU Group – Corporate website and investor relations (annual reports, ownership structure, regional operations): https://www.pzu.pl/en/investor-relations and https://www.pzu.pl/en/about-pzu.
- Lithuanian Register of Legal Entities (Juridinių asmenų registras, Registrų centras) – official company registry for legal status, codes, and governance filings: https://www.registrucentras.lt/ (search: UAB "PZU Lietuva gyvybės draudimas").
- Rekvizitai / business directories for Lithuania (secondary source; verify against official registers): https://rekvizitai.lt/ and https://rekvizitai.vz.lt/ (search the company name).
- European insurance market analyses and press coverage of Baltic insurance mergers/divestments (mid-2010s) involving PZU Group for contextual background (various sources; verify against PZU’s official communications and competition authority decisions).

Note: Where exact legal identifiers (įmonės kodas, PVM kodas), addresses, executives, and phone numbers are required for compliance or commercial purposes, always confirm via the Bank of Lithuania and Registrų centras, as branding and legal entity structures in the Lithuanian insurance market have changed over time.