Zurich Insurance 2021 Business Operating Profit $5.74B – MarketWatch
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
Stock of Facebook parent Meta Platforms are higher following a historic collapse in value. But there's a debate to be had about dip-buying.
Dow Jones Newswires is a market-moving financial and business news source, used by wealth managers, institutional investors and fintech platforms around the world to identify trading and investing opportunities, strengthen advisor-client relationships and build investor experiences. Learn More.
