Zurich delivers highest profits since 2007

Written by Adam Cadle

09/02/2023

Zurich’s business operating profit (BOP) has risen by 12% to US$6.5bn, the highest since 2007, according to its latest financial update.

Life BOP has grown 8% to US$2bn and P&C BOP has risen 14% to US$3.6bn. Property and Casualty BOP has risen 14% to US$3.6bn.

The insurer has also recorded a very strong capital position with the Swiss Solvency Test (SST) ratio at 265%.

Group CEO Mario Greco said: “We have exceeded our financial targets for the second consecutive three-year period. These were tough years with unexpected challenges during which we had to stay very agile and focused on our goals. We continued to execute our strategy with strong discipline and successfully drove our results to deliver the targets.”

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