Zurich UK sees profits rise
Zurich UK has reported a 28% increase in business operating profit to $256m (£163.3m) for the year ended 31 December 2011.
The increase from $200m in 2010 came with an improvement in its combined operating ratio to 97% from 99.7% the previous year.
However gross written premiums at the insurer slipped slightly to $2.76bn for the period (2010: $2.8bn).
The news came as parent company Zurich Financial Services Group saw a 15% fall in general insurance business operating profit for the year to $2.27bn from $2.67bn in 2010.
The combined operating ratio also deteriorated to 98.8% (2010: 97.9%) while gross written
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