Zurich Insurance : Solid momentum in commercial but Life and Farmers more challenging
>Q1 23 key figures reveal a mixed picture - Zurich reported key figures for Q1 2023 applying IFRS 17 accounting standards for the first time. The data released point to ongoing strength in P/C insurance supported by rate increases and volume growth. Life insurance, which is navigating a more challenging macroeconomic environment, reported a decline in the new business contractual service margin (NB CSM) y-o-y. Farmers reported an underwriting loss in the quarter and ...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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