Zurich’s P&C profits jump 38% as hardening market helps it successfully execute three-year turnaround plan

Mario Greco, group chief executive officer of Zurich Insurance Group

Zurich’s P&C operating profit jumped 38% to $2.88bn in 2019 with its combined ratio improving 1.4 percentage points to 96.4%, as price increases rose throughout the year. This helped the insurer exceed its three-year targets put in place to turn fortunes around and saw group operating profit rise by 16% last year to $5.3bn. Zurich’s P&C business saw gross written…

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