Zurich Insurance Group AG (ZURVY) on Thursday reported a lower profit for the first quarter, but added that it remains on track to deliver its 2013 targets.
Net income attributable to shareholders dropped to $1.062 billion from $1.140 billion. Earnings per share dropped to 6.69 Swiss francs from 7.14 francs. The prior-year results have been restated.
Business operating profit was down 1 percent at $1.351 billion compared to $1.370 billion last year.
General Insurance gross written premiums and policy fees rose 2 percent to $10.686 billion, amid disciplined underwriting and expense management.
Global Life gross written premiums, policy fees and insurance deposits fell 9 percent to $6.716 billion
Chief Executive Officer Martin Senn said, "All our core businesses delivered a high quality operating performance while maintaining focus on underwriting discipline and expense management. We continue to operate in a challenging economic environment with persisting low interest rates against which we have posted strong, high quality underlying profits."
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.