Net income attributable to shareholders decreased by 31% to $607m for Q1 17 compared to Q1 16. Gross written premiums were unchanged at $12.8bn for Q1 17 compared to the same period last year. The net investment result on group investments declined by 4% to $1.45bn for Q1 17, a RoI of 0.8% (not annualised) after 0.9% for Q1 16. Insurance claims were down by 4% to $7.25bn in Q1 17. The non-life combined ratio rose from 97.7% for Q1 16 to 100.7% for Q1 17 due to the change in the Ogden rate in
11 May 2017
Significant UK one-off burdened the good start to 2017
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Significant UK one-off burdened the good start to 2017
Zurich Insurance Group Ltd (0QP2:LON) | 0 0 0.1% | Mkt Cap: 46,293m
- Published:
11 May 2017 -
Author:
Dieter Hein -
Pages:
2
Net income attributable to shareholders decreased by 31% to $607m for Q1 17 compared to Q1 16. Gross written premiums were unchanged at $12.8bn for Q1 17 compared to the same period last year. The net investment result on group investments declined by 4% to $1.45bn for Q1 17, a RoI of 0.8% (not annualised) after 0.9% for Q1 16. Insurance claims were down by 4% to $7.25bn in Q1 17. The non-life combined ratio rose from 97.7% for Q1 16 to 100.7% for Q1 17 due to the change in the Ogden rate in