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| Name | Symbol | Market | Type |
|---|---|---|---|
| Zurich Insurance Group Limited (QX) | USOTC:ZURVY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.405 | -0.80% | 50.175 | 50.07 | 50.28 | 50.3175 | 50.06 | 50.29 | 27,083 | 17:25:13 |
From May 2023 to May 2024
By Adria Calatayud
Zurich Insurance Group said Wednesday that property-and-casualty insurance revenue rose in the first quarter, driven by an increase in premiums in North America.
The Swiss insurer said property-and-casualty insurance revenue rose to $9.41 billion from $8.77 billion in the same period last year. Gross written premiums at its property-and-casualty division came in at $11.97 billion, up 10% on a like-for-like basis.
Growth was supported by higher premium rates in the division, with a 6% increase in commercial insurance rates, Zurich said.
At the insurer's life division, present value of new business premiums rose to $4.16 billion from $3.56 billion a year before, it said.
"We have had a strong start to the year and our new financial cycle and we remain focused on executing our strategy," Chief Financial Officer George Quinn said.
Write to Adria Calatayud at adria.calatayud@dowjones.com
(END) Dow Jones Newswires
May 17, 2023 01:21 ET (05:21 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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