Net income attributable to shareholders decreased by 12% to $739m for Q2 16 compared to Q2 15. Gross written premiums were up by 10% to $13.0bn for Q2 16 compared to the same period last year. The net investment result on group investments rose by 2% to $1.9bn for Q2 16, a RoI of 1.0% (not annualised) after 0.9% for Q2 15. Insurance claims were up by 47% to $8.1bn in Q2 16. Pre-tax profit rose by 16% to $1.27bn for Q2 16 compared to the same period last year. The tax ratio was up from 17% for
11 Aug 2016
Recovered Q2 net profit beats expectations
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Recovered Q2 net profit beats expectations
Zurich Insurance Group Ltd (0QP2:LON) | 0 0 0.1% | Mkt Cap: 46,293m
- Published:
11 Aug 2016 -
Author:
Dieter Hein -
Pages:
2
Net income attributable to shareholders decreased by 12% to $739m for Q2 16 compared to Q2 15. Gross written premiums were up by 10% to $13.0bn for Q2 16 compared to the same period last year. The net investment result on group investments rose by 2% to $1.9bn for Q2 16, a RoI of 1.0% (not annualised) after 0.9% for Q2 15. Insurance claims were up by 47% to $8.1bn in Q2 16. Pre-tax profit rose by 16% to $1.27bn for Q2 16 compared to the same period last year. The tax ratio was up from 17% for