Zurich's H1 P&C profit drops by 5.5% to $2.25bn
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Zurich's H1 P&C profit drops by 5.5% to $2.25bn

Abbie Day
10 August 2023
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Sign of Zurich Financial Services Group on buildings facade

P&C business operating profit at Zurich fell by 5.5% to $2.25bn over the first half as the carrier's combined ratio in P&C operations rose by 1.3 percentage points (pp) to 92.9%.

According to Zurich, in local currency, H1 P&C business operating profit was 2% lower than in the previous year, driven by a higher combined ratio and the absence of a non-recurring gain from a real estate transaction in the...

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