Zurich Insurance Group's First-Half Results Below Our Expectations
Zurich Insurance reported business operating profit of USD 2.4 billion for the first half of 2018. This is a bit below our estimates. We maintain our CHF 310 per share fair value estimate and narrow moat rating.The property and casualty combined ratio improved around 200 basis points, and this has been the main problem area for the business. Some of this has come out of administrative costs, and the current year accident loss ratio has improved, which is good in light of the fact that Zurich no...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.