We upgrade our rating on Zurich Insurance from Underperform to Hold, with a modest increase in forecast earnings and valuation seeing some value come back to the shares. Reserving outlook is more reassuring but is coming at the expense of premium growth in commercial lines.
04 Jul 2017
Cost savings make up for lacklustre growth
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Cost savings make up for lacklustre growth
Zurich Insurance Group Ltd (0QP2:LON) | 0 0 0.1% | Mkt Cap: 46,293m
- Published:
04 Jul 2017 -
Author:
Craig Bourke -
Pages:
5
We upgrade our rating on Zurich Insurance from Underperform to Hold, with a modest increase in forecast earnings and valuation seeing some value come back to the shares. Reserving outlook is more reassuring but is coming at the expense of premium growth in commercial lines.