FX.co ★ Zurich Insurance H1 Profit Climbs; Expects To Exceed 2025 Targets

Zurich Insurance Group AG (ZURVY) announced on Thursday that its net income attributable to shareholders for the first half of the year rose by 21% to $3.03 billion, compared to $2.49 billion in the previous year.

Earnings per share reached 18.50 Swiss Francs, reflecting a 20% increase from 15.47 francs the prior year.

The Group business operating profit (BOP) saw a 7% increase, amounting to $4.0 billion, up from $3.72 billion a year ago.

The Property & Casualty (P&C) segment reported a BOP of $2.22 billion, a 1% decline on a reported basis but a 3% rise on a like-for-like basis.

P&C gross written premiums and policy fees grew by 3% to $25.34 billion, up from $24.56 billion the previous year.

The company attributed these results to continued robust performance in P&C, record BOP in the Life business, and significant growth at Farmers.

Zurich Insurance also highlighted that it has made strong progress in surpassing all its 2025 targets.