• 07-AUG-2014

  • SOURCE: Zurich

Zurich reports business operating profit of USD 2.6 billion for the first half of 2014

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• H1 BOP of USD 2.6 billion, up 15% compared with prior year; Q2 BOP of USD 1.2 billion, up 32% compared with prior year
• H1 NIAS of USD 2.1 billion, up 14% compared with prior year; Q2 NIAS of USD 837 million, up 6% compared with prior year
• BOPAT ROE 12.5%, up from 12.1%, or 0.4 pts compared with prior year
• H1 combined ratio1 of 96.1%, an improvement of 2.0 pts compared with prior year; Q2 combined ratio of 95.7%, an improvement of 3.4 pts compared with prior year
• Improving accident year combined ratio; good progress with turnaround and exit businesses in General Insurance
• Global Life in-force management initiatives under way, priority markets growth strategy progressing
• Positive trends continue at Farmers Exchanges
• Cash remittances for full year expected to be above USD 3.5 billion