Report
Benoit Valleaux

Zurich Insurance : Good performance in P&C insurance in H1

>Strong growth in business operating profit - Zurich Insurance published its H1 2019 results yesterday morning, which beat forecasts. Business operating profit (BOP) was $ 2,815m in H1 2019 (+16.2% reported, +20% like1efor1elike), around 11% higher than forecast (consensus $ 2,537m, our estimate $ 2,530m), with the gap mainly due to P&C insurance, where BOP grew very strongly to $ 1,656m (+45.6%) thanks to a better-than-expected combined ratio and a higher-than-anticipa...
Underlying
Zurich Insurance Group Ltd

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Benoit Valleaux

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