Zurich Insurance Group’s on Thursday joined other big European insurers in reporting a strong rebound in earnings as the impact from COVID-19 on their businesses eased. Buoyant markets along with higher policy sales helped the insurers’ profits to roar back after a tough 2020. In the Netherlands, NN Group reported a doubling in its first-half… Continue reading Zurich Insurance H1 Operating Profit Leaps 60%
Tag: Zurich Insurance profits
Zurich Insurance Q1 P&C Premiums Up; Sees $750M COVID-19 Claims In FY20
Zurich Insurance Group AG on Thursday reported that its first-quarter gross written premiums in Property & Casualty or P&C increased 5 percent to $9.68 billion from last year’s $9.18 billion, with growth tempered by adverse currency developments in Latin America. On a like-for-like basis, P&C gross written premiums grew 7 percent driven by growth from… Continue reading Zurich Insurance Q1 P&C Premiums Up; Sees $750M COVID-19 Claims In FY20
Zurich Insurance Set to Beat Profit Targets After Strong First-Half
Zurich Insurance Group is set to beat its financial targets as it reached cost-cutting goals ahead of schedule, Europe’s fifth-biggest insurer said on Thursday. Its first-half business operating profit (BOP) rose 16% to $2.8 billion (2.3 billion pounds), while its property & casualty (P&C) business operating profit rose 46% and its P&C combined ratio of… Continue reading Zurich Insurance Set to Beat Profit Targets After Strong First-Half