At the end of the first half of 2019, the Zurich Group recorded a technical result of 2.8 billion USD, up by 16% compared to the same period of 2018. The net result after tax amounted to 2.04 billion USD, increasing by 14% compared to the first half of 2018.
The property and casualty (P & C) insurance reported the best performance with record written premiums worth 18.6 billion USD and a technical result of 1.7 billion USD, an increase of 46% compared to the same period of 2018.
The combined ratio fell from 97.5% during the first half of 2018 to 95.1% during the same period of 2019. It is the best-combined ratio ever recorded in the last ten years. P&C premiums grew by 7% and reached 18.1 billion USD.
In contrast to the P&C segment, which generated a substantial profit, the life insurance's technical result fell by 8% at 701 million USD.
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