Zurich Municipal homeAbout usProducts & servicesSectorsBenefitsTools & tipsNewsContactsHelpPoint 
Introduction
Latest from Zurich
Recent Riots
Press releases
Press releases
General
Local Authorities
Community and social organisations
Tertiary education
Schools
Social Housing
Building guarantee
Press office contact
 
 
newsroom left
newsroom right

Zurich reports solid operating performance for the first nine months of 2010

Zurich Financial Services Group (Zurich) today reported a business operating profit of USD 1.2 billion and net income of USD 751 million for the third quarter as part of a solid operating performance for the nine months ended September 30, 2010.

Nine-month performance highlights include:

  • Business operating profit (BOP) of USD 3.5 billion, a decrease of 13%. Annualized BOP ROE after tax of 12.2%
  • Net income of USD 2.4 billion, a decrease of 18%. Annualized return on equity (ROE) of 10.7%
  • Total Group business volumes, comprising gross written premiums, policy fees, insurance deposits and management fees, of USD 50.2 billion, a decrease of 1% or flat on a local currency basis
  • Shareholders' equity of USD 31.0 billion, a 6% increase over year end after paying USD 2.2 billion in dividends. Solvency I ratio up 50 percentage points over year end to 245%

 

To read the rest of the press release please click here » 

 
 

Zurich Municipal is a trading name of Zurich Insurance plc, a public limited company incorporated in Ireland.  Registration No. 13460. Registered Office: Zurich House, Ballsbridge Park, Dublin 4, Ireland.  UK Branch registered in England and Wales Registration No. BR7985.  UK Branch Head Office: The Zurich Centre, 3000 Parkway, Whiteley, Fareham, Hampshire PO15 7JZ.

Authorised by the Central Bank of Ireland and subject to limited regulation by the Financial Services Authority. Details about the extent of our regulation by the Financial Services Authority are available from us on request. FSA registration number: 203093. These details can be checked on the FSA's register by visiting their website www.fsa.gov.uk/fsaregister or by contacting them on 0845 606 1234.