ZURICH H1 BOP up by 12% y-o-y

ZURICH Insurance Group reported H1 business operating profit (BOP) up 12% y-o-y to USD 2.42 billion and first half net income after tax attributable to shareholders up y-o-y 19% to USD 1.79 billion.

Property & Casualty (P&C) business operating profit for the first half of the year increased by 11% to USD 1.13 billion, while gross written premiums rose 3% to USD 18.54 billion. At the same time, property & casualty (P&C) combined ratio improved by two percentage points to 97.5% with improved current accident year loss ratio and lower administration expenses.

Life performed strongly over the first half of 2018 with business operating profit of usd 760 million up by 17% y-o-y, while the value of gross written premiums, policy fees and insurance deposits increased by 18% to USD 16.96 billion.

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