Preliminary pre-tax result increased from a loss of $85m for Q4 15 to a profit of $1.2bn for Q4 16. Tax expense was $315m for Q4 15 compared to $474m for Q4 16. The net result attributable to shareholders rose therefore from a loss of $424m for Q4 15 to a profit of $685m for Q4 16. Net income attributable to shareholders jumped by 74% to $3.2bn for FY2016 compared to FY2015. Gross written premiums declined slightly by 0.6% to $48.2bn for 2016 compared to 2015. The net investment income on gro
09 Feb 2017
Strong improved net profit as expected
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Strong improved net profit as expected
Zurich Insurance Group Ltd (0QP2:LON) | 0 0 0.1% | Mkt Cap: 46,293m
- Published:
09 Feb 2017 -
Author:
Dieter Hein -
Pages:
2
Preliminary pre-tax result increased from a loss of $85m for Q4 15 to a profit of $1.2bn for Q4 16. Tax expense was $315m for Q4 15 compared to $474m for Q4 16. The net result attributable to shareholders rose therefore from a loss of $424m for Q4 15 to a profit of $685m for Q4 16. Net income attributable to shareholders jumped by 74% to $3.2bn for FY2016 compared to FY2015. Gross written premiums declined slightly by 0.6% to $48.2bn for 2016 compared to 2015. The net investment income on gro