Zurich - Group Net Income of USD 1.1 Billion for Nine Months 2018

Zurich - Group Net Income of USD 1.1 Billion for Nine Months 2018

Zurich - Group Net Income of USD 1.1 Billion for Nine Months 2018

The FINANCIAL -- Group net income of USD 1.1 billion for the nine months 2018, impacted by expected USD 1.6 billion claims burden from natural catastrophes and large man-made disasters.

Property & Casualty Reinsurance (P&C Re) reported net income of USD 634 million, impacted by large loss events;

Life & Health Reinsurance (L&H Re) delivered strong net income of USD 644 million and continued gross premium growth;

Corporate Solutions delivered continued gross premium growth; large loss events led to a net loss of USD 5 million;

Life Capital reported exceptional gross cash generation of USD 1.0 billion; net income of USD 4 million;

The Group’s annualised return on equity (ROE) was 4.7%; annualised return on investments (ROI) was 2.8%; running yield at 2.9%;

Group Swiss Solvency Test (SST) ratio remains very strong at 285% (1 July 2018 estimate), up from 269% earlier this year.