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%.