Magazine date:
Mar 2015 The profit of Zurich Insurance shrank in 2014. At 3.9 billion USD, this figure is still above the expectations of analysts who had forecast a profit of 3.82 billion USD.
The Swiss leader’s turnover yet increased by 6% at 74.43 billion USD. The operating result slowed down by 1% at 4.664 billion USD.
The combined ratio for non life insurance amounted to 97.3% compared to 98% in 2013.
Martin Senn, Group CEO, welcomed the improvement of the non life insurance ratio and of the dynamics recorded in the main life insurance segments.
He admits, however, be disappointed by the group's financial results.
For 2015, the group counts on investing in target markets, creating value in other activity sectors and an increase in the operating profit.