Report
Benoit Valleaux

Zurich Insurance : Increase in the solvency margin, 2019 financial targets achieved

>Marked increase in business operating profit (BOP), driven by P&C - Yesterday morning, Zurich Insurance published its 2019 results. Gross written premium were up by 6% l-f-l. The group’s BOP was up sharply to $ 5,304m (+16.2%), in line with our forecast and a shade above the consensus ($ 5,260m). In P&C insurance, BOP fell short of expectations despite a very marked increase to $ 2,879m (+38% vs $ 2,943m for the consensus), due to a combined ratio that came in above ...
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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