The insurer’s internet earnings after tax attributable to shareholders amounted to US$5.2 billion, a 36% improve from the corresponding determine in 2020. Business working revenue (BOP), in the meantime, grew 35% to US$5.7 billion.

Zurich attributed the development in BOP to an underlying enchancment throughout all companies, in addition to to decreased COVID-19 claims which countered the blow dealt by claims from pure disaster and weather-related occasions.

Segment-wise, BOP for property and casualty (P&C) rose 50% in 2021; life, 27%; and Farmers, 8%.

Greco famous: “The P&C business achieved the best combined ratio in 15 years and double-digit top-line growth. Higher risk-adjusted prices and continued measured progress towards our growth ambitions took P&C gross written premiums to more than US$40 billion for the first time.

“The extreme weather events of 2021 again highlight the pressing need to take collective action to address climate change. The insurance industry has a natural alignment with the sustainability agenda, and I am particularly proud of our work in this area throughout the past year as we continue to reinforce Zurich’s leadership position.”

The CEO added that the corporate continues to learn from what he described as a wonderful stability sheet and monetary flexibility. “This, together with our strong operating results, has allowed us to propose a 10% increase in the dividend per share to CHF 22,” he stated.

Celebrating its a hundred and fiftieth anniversary this yr, Zurich is “in outstanding health,” in response to Greco.

“I am optimistic about Zurich’s momentum, the skills and enthusiasm of our people, and the opportunities that lie ahead of us,” said the group boss. “I have every confidence we will meet or exceed our 2022 targets.”

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