Zurich Insurance H1 Profit Climbs; Expects To Exceed 2025 Targets

(RTTNews) - Zurich Insurance Group AG (ZURVY) reported Thursday that its first-half net income attributable to shareholders climbed 21 percent to $3.03 billion from last year's $2.49 billion.

Earnings per share were 18.50 Swiss Francs, up 20 percent from 15.47 francs last year.

Group business operating profit or BOP grew 7 percent to $4.0 billion from $3.72 billion a year ago.

Property & Casualty or P&C BOP was $2.22 billion, down 1 percent on a reported basis, but up 3 percent on a like-for-like basis.

P&C gross written premiums and policy fees increased 3 percent to $25.34 billion from last year's $24.56 billion.

The company said the results are driven by an ongoing robust performance in P&C, a record BOP in the Life business, and excellent growth at Farmers.

Zurich Insurance added that it recorded strong progress toward exceeding all 2025 targets.

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