Plus   Neg

Zurich Insurance 9M P&C Gross Written Premiums Up; Sees To Exceed All Targets

Zurich Insurance Group AG (ZURVY) reported Thursday that its nine-month property & casualty or P&C gross written premiums increased 2 percent to $26.44 billion from last year's $25.87 billion. Premiums grew 7 percent on a like-for-like basis, with further rate acceleration in the third quarter.

Life new business annual premium equivalent or APE fell 11 percent from last year to $3.17 billion. APE decreased 6 percent on a like-for-like basis, adjusting for currency movements, acquisitions and disposals.

The Farmers Exchanges, which are owned by their policyholders, recorded gross written premiums growth of 1 percent to $15.73 billion, with growth across all books of business.

Group Chief Financial Officer George Quinn stated that the company expects to exceed all of the targets that were set in 2016.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Walmart Canada has apologized after a Christmas sweater featuring Santa Claus and apparently cocaine was posted for sale on the company's Canadian website. The retail giant pulled the controversial sweater from its website following a backlash on social media. However, the sweater was not available on Walmart's U.S. website. Ford Motor Co. is recalling around 262 thousand F-Series heavy-duty pickups in the U.S. and Canada citing problem with the electric tailgates that may open unintentionally. The recall involves F-250, F-350 and F-450 Super Duty trucks from the 2017 through 2019 model years. Of these, 231,664 vehicles are in the U.S., while 29,953 are in Canada. Sony's 'MLB The Show' video game series will be available on additional console platforms beyond PlayStation as early as 2021. Currently, the game series is exclusive to PlayStation. 'MLB The Show' is the MLB's officially licensed simulation baseball video game series. San Diego Studio has been creating the officially licensed baseball video games enjoyed by fans for more than 20 years.
Follow RTT