Zurich Insurance Reports Bland Nine-Month Indicators
Zurich Insurance reported key indicators for the first nine months of 2018. This is a very light press release and gives us very little insight into the underlying performance of the business. We maintain our CHF 312.0 fair value estimate and narrow moat and stable moat trend ratings.The property and casualty division reported gross written premiums of USD 25.87 billion. While that’s all well and good, it gives us no colour into profitability. We think this is probably a little ahead of our exp...
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