Zurich UK reports £470m operating profit
The provider reported that the UK business grew 13% in its P&C division.
Zurich UK today (10 February) reported its full-year results for the period ended 31 December 2021.
According to the provider, it achieved an operating profit of £470m, up from £111m in 2020, which was impacted by Covid claims.
This year saw the provider pay out almost £2bn in claims.
In P&C, gross written premium was up 13% to £3.1bn from £2.7bn in 2020.
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Meanwhile, the combined operating ratio improved to 86.5% from 97.8%, reflecting, the provider said, “underwriting discipline and
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