Net income attributable to shareholders increased by 21% to $896m for Q2 17 compared to Q2 16. Gross written premiums were down by 5% to $12.35bn for Q2 17 compared to the same period last year. The net investment result on group investments declined by 18% to $1.47bn for Q2 17, a RoI of 0.7% (not annualised) after 0.8% for Q2 16. Insurance claims were down by 17% to $6.7bn in Q2 17. Pre-tax profit rose by 15% to $1.46bn for Q2 17 compared to the same period last year. The tax ratio was 35.5%
10 Aug 2017
Good Q2 net profit beats expectations
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Good Q2 net profit beats expectations
Zurich Insurance Group Ltd (0QP2:LON) | 0 0 0.1% | Mkt Cap: 46,293m
- Published:
10 Aug 2017 -
Author:
Dieter Hein -
Pages:
2
Net income attributable to shareholders increased by 21% to $896m for Q2 17 compared to Q2 16. Gross written premiums were down by 5% to $12.35bn for Q2 17 compared to the same period last year. The net investment result on group investments declined by 18% to $1.47bn for Q2 17, a RoI of 0.7% (not annualised) after 0.8% for Q2 16. Insurance claims were down by 17% to $6.7bn in Q2 17. Pre-tax profit rose by 15% to $1.46bn for Q2 17 compared to the same period last year. The tax ratio was 35.5%