Categories: Market

Zurich Group started the year with growth

class=”sc-29f61514-0 kHgAwW”>

Zurich Insurance grows in the first quarter (archive image)

Zurich presented key figures for volume development in a new accounting order.

As part of IFRS 17 regulations, Zurich now also reports insurance income. The claims division, called insurance revenue or insurance sales, increased 7 percent in January-March to $9.41 billion, according to Wednesday’s statement.

Non-life insurance sales, calculated in local currencies, increased by up to 11 percent. Growth is driven by wage increases.

In life insurance, the quarterly update continues to focus on new business. Zurich estimates that the present value of bonuses from new business is $4.16 billion. This corresponds to an annual increase of 17 percent, or plus 23 percent, in local currencies.

Reporting on capital adequacy has not changed. Since Zurich estimated the Swiss Solvency Test (SST) rate at 258 percent after 267 percent at the beginning of the year.

(SDA)

advert

Source :Blick

Share
Published by
Tim

Recent Posts

Terror suspect Chechen ‘hanged himself’ in Russian custody Egyptian President al-Sisi has been sworn in for a third term

On the same day of the terrorist attack on the Krokus City Hall in Moscow,…

1 year ago

Locals demand tourist tax for Tenerife: “Like a cancer consuming the island”

class="sc-cffd1e67-0 iQNQmc">1/4Residents of Tenerife have had enough of noisy and dirty tourists.It's too loud, the…

1 year ago

Agreement reached: this is how much Tuchel will receive for his departure from Bayern

class="sc-cffd1e67-0 iQNQmc">1/7Packing his things in Munich in the summer: Thomas Tuchel.After just over a year,…

1 year ago

Worst earthquake in 25 years in Taiwan +++ Number of deaths increased Is Russia running out of tanks? Now ‘Chinese coffins’ are used

At least seven people have been killed and 57 injured in severe earthquakes in the…

1 year ago

Now the moon should also have its own time (and its own clocks). These 11 photos and videos show just how intense the Taiwan earthquake was

The American space agency NASA would establish a uniform lunar time on behalf of the…

1 year ago

This is how the Swiss experienced the earthquake in Taiwan: “I saw a crack in the wall”

class="sc-cffd1e67-0 iQNQmc">1/8Bode Obwegeser was surprised by the earthquake while he was sleeping. “It was a…

1 year ago