Posted on 10 Feb 2011
Zurich Financial Services Group today reported a business operating profit of $4.9 billion and net income1 of $3.4 billion for the year ended December 31, 2010 reflecting its strong focus on profitability and operating performance.
Global Life and Farmers contributed to the Group’s profitability through steady top-line growth coupled with strong profit margins.
General Insurance’s underlying performance underscored the continued success of the Group’s targeted pricing strategy. Results in General Insurance were affected by an above-average frequency of significant loss events, exceeding last year’s total incurred losses from such events by over USD 600 million.
Underscoring the Group’s continued strong capital and regulatory solvency positions as well as confidence in the success of its business strategy, the Zurich Board of Directors will propose to the shareholders a dividend of CHF 17.00, an increase of 6%.