• 15-NOV-2012

  • SOURCE: Zurich

Zurich reports business operating profit of USD 3.2 billion for the first nine months of 2012

Zurich headquarters in Zurich, Switzerland
• Nine months BOP of USD 3.2 billion, unchanged compared with prior year and Q3 BOP of USD 733 million, down 34% compared with prior year, after previously announced financial adjustments in Germany General Insurance

• Nine months NIAS of USD 2.7 billion, down 16% compared with prior year and Q3 NIAS of USD 477 million, down 62% compared with prior year

• Combined ratio of 97.6%, for the first nine months, an improvement of 1.2 pts compared with prior year

• BOPAT ROE 10.2% for the first nine months, down from 10.6% at corresponding prior year period

• Strong underlying profitability driven by continued pricing discipline and portfolio management

• Sustained top-line growth in target markets

• Strong capital position well within target AA range