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.
Click the link to read the full article and to view the results
www.zurich.com/media/newsreleases/2010/2010_0508_01_article.htm