Pre-tax result decreased from a profit of $1.28bn for Q4 14 to a loss of $85m for Q4 15. However the tax expense was nearly unchanged at $315m for Q4 15 compared to Q4 14. The net result attributable to shareholders declined therefore from a profit of $860m for Q4 14 to a loss of $424m for Q4 15. Net income attributable to shareholders was down by 53% to $1.84bn for FY2015 compared to FY2014. Gross written premiums declined by 7% to $48.5bn for 2015 compared to 2014. The net investment income
11 Feb 2016
Q4 net loss even worse than expected due to higher tax burden
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Q4 net loss even worse than expected due to higher tax burden
Zurich Insurance Group Ltd (0QP2:LON) | 0 0 0.1% | Mkt Cap: 46,293m
- Published:
11 Feb 2016 -
Author:
Dieter Hein -
Pages:
2
Pre-tax result decreased from a profit of $1.28bn for Q4 14 to a loss of $85m for Q4 15. However the tax expense was nearly unchanged at $315m for Q4 15 compared to Q4 14. The net result attributable to shareholders declined therefore from a profit of $860m for Q4 14 to a loss of $424m for Q4 15. Net income attributable to shareholders was down by 53% to $1.84bn for FY2015 compared to FY2014. Gross written premiums declined by 7% to $48.5bn for 2015 compared to 2014. The net investment income