Zurich Insurance 1Q P&C Gross Written Premiums Rose
May 09 2018 - 1:35AM
Dow Jones News
By Pietro Lombardi
Zurich Insurance Group AG (ZURN.EB) said Wednesday that property
and casualty gross written premiums rose in the first quarter from
a year earlier.
These premiums rose 4.6% compared with a year earlier to $9.33
billion. On a like-for-like basis, gross written premiums declined
1%, the company said.
Life annual premium equivalent, known as APE, rose 7%--or 13%
like-for-like--to $1.25 billion in the period. APE measures new
business growth for life insurance.
"In P&C we remain focused on profitability, while our Life
business continues to perform strongly," Chief Financial Officer
George Quinn said.
Write to Pietro Lombardi at pietro.lombardi@dowjones.com
(END) Dow Jones Newswires
May 09, 2018 01:20 ET (05:20 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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