Zurich Insurance: results 2019 beyond expectations

Zurich Insurance GroupZurich Insurance ended the 2019 year with a net result of 4.15 billion USD, up 12% compared to 2018. The business operating profit (BOP) grew by 16% to 5.3 billion USD, a performance exceeding experts' estimates.

In non-life insurance, the turnover amounted to 34.18 billion USD, improving by 2% while the operating profit sharply increased by 38% to 2.88 billion USD. The combined ratio gained 1.4 points and stood at 96.4% in 2019.

In life insurance, the turnover remained stable at 33.48 billion USD whereas the operating profit fell by 4% to 1.49 billion USD. As Zurich Insurance's targets now being met, the insurer is confident that he can achieve its ambitious objectives for the next three years.

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