• 16-AUG-2012

  • SOURCE: Zurich

Zurich Delivers Strong Results through Discipline and Strategic Focus

Zurich headquarters in Zurich, Switzerland
• H1 BOP of USD 2.5 billion, up 17% compared with prior year, Q2 BOP of USD 1.1 billion, down 12% compared with prior year
• H1 NIAS of USD 2.2 billion, up 13% compared with prior year, Q2 NIAS of USD 1.1 billion, down 19% compared with prior year
• H1 combined ratio of 94.9%, down 4.4 pts compared with prior year; Q2 combined ratio of 95.2%, equal to the prior year
• H1 BOPAT ROE 12.1%, up from 10.6% at H1 2011 and 10.2% at year-end 2011
•Strong profitability with excellent underwriting performance, focus on pricing discipline and portfolio management
•Successful top-line growth in target markets with resilient performance in mature markets
•Strong capital position driven by risk management discipline