Zurich Insurance Nine-Month Property and Casualty Gross Written Premiums Rose 3%
November 12 2020 - 1:34AM
Dow Jones News
By Joshua Kirby
Zurich Insurance Group AG's nine-month property and casualty
gross written premiums rose 3%, it said Thursday.
The premiums rose to $27.26 billion from $26.44 billion the
previous year, the Swiss insurance company said. This growth was
supported by higher premium rates driven by commercial
insurance.
The capital position remains strong, with the Z-ECM ratio--which
reflects the ability to cover policyholders' liabilities above
their expected value--estimated at 110% and the Swiss Solvency Test
ratio at 193% as of the end of September, Zurich Insurance
said.
The company said it intends to change the reporting of its
capital position to be based only on the Swiss Solvency Test from
the last quarter of the year, in line with its Swiss and European
peers.
Write to Joshua Kirby at joshua.kirby@dowjones.com;
@joshualeokirby
(END) Dow Jones Newswires
November 12, 2020 01:19 ET (06:19 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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