Operating profit shoots up 44% for Zurich

arrow-shutterstock-96752269

GWP falls as the insurer notes focus on pricing and underwriting discipline.

Business operating profit (BOP) is up 44.5% for Zurich UKGI according to results for the first nine months of 2016.

The BOP hit £134m from £96.6m in 2015 and the insurer said this reflects a drop in volume and severity of large losses seen in 2015.

Conor Brennan, Zurich's head of UK General Insurance said: "These are a solid set of numbers to report, particularly against the position we were in this time last year. I'm pleased with our progress and that we've managed our cost base to generate

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.

You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

Register

Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

Most read articles loading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: