Zurich UK reveals profit jump for 2019
UK CEO, Tulsi Naidu, says provider has seen growth in its broker business as it reports rise in GWP and an improved COR.
Zurich UK has posted a 97% rise in operating profit in its general insurance business for the full year 2019.
The provider’s operating profit came in at £271m in 2019, compared to £137m in the preceding year.
In addition, its UK combined operating ratio improved to 91% from 94.9% in 2018.
Gross written premium in the GI business saw a 4% increase to £2.48bn (2018: £2.39bn).
“Overall we’re delighted with the results and we’ve delivered an excellent performance in 2019,” said Tulsi Naidu
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