(CercleFinance.com) – Zurich reported on Thursday an 8% increase in property insurance premiums over the first nine months of the year, which totaled $34.6 billion over the period.
In organic data, growth stands at 9%.
Its second business, life insurance, generated premium income of nearly $12.2 billion, up 21%, including 23% in organic data.
Its so-called ‘Swiss Solvency Test’ (SST) verification ratio stood at 266%, a capital level deemed ‘very solid’ which will allow Zurich to add a new share buyback program to the payment of its dividend.
Following this publication, the stock gained 0.2% on the Swiss market.
Copyright © 2023 CercleFinance.com. All rights reserved.
Did you like this article ? Share it with your friends using the buttons below.
