For the first quarter, Zurich is known to only a few key figures. In the property and casualty insurance (P&C) gross premiums written. They took in the first quarter of the Thursday, by 2 percent to 9,18 billion dollars. But, when comparing the Figures in local currencies and adjusted for purchases and sales, then the revenue increased by 4 percent.
In the area of life insurance, Zurich was not able to bring in new business momentum from last year. The annual premium equivalent (APE) decreased by 6 percent to 1.18 billion dollars. The characteristic size of the APE is comprised of the newly acquired, regular premiums and one tenth of single premiums. After all, a Plus of 2 percent, resulted here, too, on an adjusted Basis.
Outlook will remain stable for a
conduct the business of the US-partner Farmers to develop. The cooperative insurer, the Zurich supported with services, generated in the first quarter, gross premiums written in the amount of 5.19 billion dollars. This represents an increase of 1 percent. However, the Farmers earned Commission income from the Zurich grew clearer 6 percent to 828 million.
as before, the robust capital position of the Zurich group. The Z-ECM ratio, which is drawn to the control of the business, was by the end of March, at 125 per cent to 124 per cent by the end of 2018. By 1. January 2019 fraud, the rate of the Swiss solvency test (SST) in the group of 221%.
chief financial officer George Quinn sees the Zurich with the objectives of the course. We are confident that this year achieved all the financial goals or even exceeded. The Zurich in the core wants to reduce costs until the end of the year compared with 2015 to a total of 1.5 billion dollars.