Zurich Insurance 2021 Business Operating Profit Rose
February 10 2022 - 1:47AM
Dow Jones News
By Olivia Bugault
Zurich Insurance Group AG said Thursday that its operating
profit jumped in 2021, with growth in all its divisions.
Full-year business operating profit at the Swiss insurer came to
$5.74 billion, up from $4.24 billion in 2020.
"Growth was achieved in all segments, with commercial insurance
in particular benefiting from disciplined underwriting, higher
prices and an increase in new business," it said.
Net income after tax attributable to shareholders rose 36% to
$5.2 billion, the company said.
Its property and casualty gross written premiums rose 13% at
$40.12 billion in 2021, it said.
Zurich Insurance declared a dividend of 22 Swiss francs ($23.79)
per share, up 10% from the previous year it said.
It said it expects to reach or exceed its 2022 targets.
Write to Olivia Bugault at olivia.bugault@wsj.com
(END) Dow Jones Newswires
February 10, 2022 01:32 ET (06:32 GMT)
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