Zurich Insurance 2020 Operating Profit Falls 20%
February 11 2021 - 1:38AM
Dow Jones News
By Joshua Kirby
Zurich Insurance said Thursday that its operating profit fell in
2020 due to the impact of the coronavirus pandemic.
Full-year business operating profit at the Swiss insurer came to
$4.24 billion, down 20% from $5.30 billion in 2019. Net income
after tax attributable to shareholders fell 8% to $3.83
billion.
The coronavirus pandemic had a negative effect of $852 million
on the result, the company said. However, the company said there
was some recovery in the second half of the year.
Zurich said it is proposing a dividend of 20 Swiss francs
($22.46) a share for the year.
Write to Joshua Kirby at joshua.kirby@dowjones.com;
@joshualeokirby
(END) Dow Jones Newswires
February 11, 2021 01:23 ET (06:23 GMT)
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