Zurich Insurance: P&C Q1 Gross Written Premiums Up 8% On LFL Basis
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Zurich Insurance Group (ZURN.SW) reported a 8% increase in Property & Casualty (P&C) gross written premiums for Q1, totaling $15.56 billion on a like-for-like basis, with a reported growth of 17%. Commercial Insurance rose by 9%, while Retail increased by 7%. Life insurance premiums grew by 5%, with protection premiums up 9%. CFO Claudia Cordioli emphasized the company's strong capital position to navigate uncertainties and meet 2027 targets.
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