Net income attributable to shareholders decreased by 28% to $875m for Q1 16 compared to Q1 15. Gross written premiums were down by 7% to $12.8bn for Q1 16 compared to the same period last year. The net investment result on group investments declined by 20% to $1.5bn for Q1 16, a RoI of 0.9% (not annualised) after 1.0% for Q1 15. Insurance claims were down by 4% to $7.6bn in Q1 16. The non-life combined ratio rose from 96.7% for Q1 15 to 97.7% for Q1 16 but declined compared to 103.6% for FY20
12 May 2016
Good start to 2016 despite weaker yoy results
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Good start to 2016 despite weaker yoy results
Zurich Insurance Group Ltd (0QP2:LON) | 0 0 0.1% | Mkt Cap: 46,293m
- Published:
12 May 2016 -
Author:
Dieter Hein -
Pages:
2
Net income attributable to shareholders decreased by 28% to $875m for Q1 16 compared to Q1 15. Gross written premiums were down by 7% to $12.8bn for Q1 16 compared to the same period last year. The net investment result on group investments declined by 20% to $1.5bn for Q1 16, a RoI of 0.9% (not annualised) after 1.0% for Q1 15. Insurance claims were down by 4% to $7.6bn in Q1 16. The non-life combined ratio rose from 96.7% for Q1 15 to 97.7% for Q1 16 but declined compared to 103.6% for FY20