Zurich records a 79% profit rise
UK general insurance MD Steve Lewis warns of complacency.
Zurich has posted a 79% business operating profit leap for the first three quarters of the year at £113m, up on the £63m recorded for the same period last year.
The insurer saw its combined operating ratio (COR) improve by 5.3% to 95.3%, a marked upgrade on the 100.6% COR chalked up for the first three quarters of 2012.
Gross written premium (GWP) slipped by £20m for the period, coming in at £1.25bn [9M 2012: £1.27bn].
And Zurich's expense ratio improved by 1.4% from 30.2% to 28.9%, which the
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