Zurich Insurance : The crisis pulls business operating profit down, but price increases pick up
>Business operating profit in line with expectations in H1 - Zurich Insurance released its H1 2020 earnings figures yesterday. Business operating profit (BOP) came to $ 1,702m (-40% vs H1 2019), in line with forecasts (consensus $ 1,693m, ODDO BHF € 1,697m), with an estimated COVID impact of $ 686m. This amount includes COVID claims of $ 750m in the P&C insurance business, in line with the group’s full-year claims guidance. It was partly mitigated by the decrease in a...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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