Zurich Insurance : Farmers and volume growth in P/C and Life insurance should drive net profit
>Increasing estimates following FY 2023 results reporting - We have revisited our estimates for Zurich following a mixed bag of FY 2023 results in which Zurich reported group BOP 3.5% above the consensus at $ 7,381m but also reported a net attributable profit of $ 4,351m which stood 11.7% shy of consensus estimate. Based on higher run-rate assumptions for Life and Farmers and higher more normalised estimates for mark-to- market investment income, we lift our net profi...Zurich Insurance Group is a multi-line insurance company. Co. provides a range of general insurance and life insurance products and services, serving individuals, small businesses, and mid-sized and large companies, including multinational corporations, in more than 170 countries. Co.'s business segments include: General Insurance, which provides property and casualty insurance and services, risk insights; Global Life, which provides protection, savings and investment solutions; and Farmers, which provides management services related to property and casualty insurance.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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