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Zurich reports robust operating performance for the first six months of 2010

Zurich, August 5, 2010 – Zurich Financial Services Group (Zurich) reported a robust operating performance from its core businesses for the six months ended June 30, 2010, with continued strong growth at Global Life and Farmers supporting the Group’s profitability.

In General Insurance, the solid performance was impacted by a high occurrence of catastrophe- and weather-driven events during the first half of the year. Zurich’s total financial results take into account the impact of the previously reported charge from increased banking loan loss provisions of USD 330 million, before tax. The Group’s capital and solvency positions remain very strong, underpinning a well-diversified portfolio of businesses and its continued focus on sustained profitability, operating efficiency and effective risk management.

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www.zurich.com/media/newsreleases/2010/2010_0508_01_article.htm

 
 

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/register or by contacting them on 0845 606 1234.