Insurance Age

Zurich UK reveals profit jump for 2019

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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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