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Ogden rate hits Zurich's business operating profits

Written by Adam Cadle
10/08/2017

The Ogden rate change hit Zurich's business operating profits by $289m in H1 2017 according to its latest financial results.

Business operating profits fell from $2456m to $2167m in H1 2017.

Q2 business operating profit rose 13 per cent to $1.2bn and Q2 net income after tax attributable to shareholders increased 21 per cent to $896m

Life continued to perform strongly with BOP of $650m, up 16 per cent in the first half of 2017.

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