• 06-AUG-2015

  • SOURCE: Zurich

Zurich reports business operating profit of USD 2.2 billion for the first half of 2015

Zurich headquarters in Zurich, Switzerland

• H1 BOP of USD 2.2 billion, down 15% compared with prior year period
• H1 NIAS of USD 2.1 billion, down 3% compared with prior year period
• BOPAT ROE 11.6%, down from 12.5% in the first half of 2014
• General Insurance combined ratio of 98.3%; actions underway to deliver on 2016 targets
• Global Life delivers good growth in APE and BOP at constant currency
• Farmers continues progress in strategic execution
• Full-year cash remittances expected to be over USD 3.5 billion; expectation for three year period ending 2016 of more than USD 10 billion, well ahead of target
• GEC members take on additional responsibilities