(Finance) – Zurichan important Swiss insurance company, announced that in the first nine months of 2024 i revenues from the Non-Life business they grew by 6%. THE gross premiums rose by 4%, supported by fare increases of 5%.
The branch Life continued to record strong growth in funding and new business, driven by unit-linked and particularly strong protection sales in Japan, the United Kingdom and Latin America. Farmers Management Services (FMS) reported 6% growth in underlying fee revenue.
Very solid capital position, with a ratio Swiss Solvency Test (SST) equal to 224% as of September 30, 2024.
“The nine-month results confirm the continued strong momentum of all Zurich business lines – commented the CFO Claudia Cordioli – In the P&C segment, margins in Commercial Insurance continue to be favorable and performance in Retail is improving. We are on track to achieve all current goals and look forward to presenting the new plan for the next three years at Investor Day on November 21st.”