Zurich holds Investor Update

Zurich Insurance Group (Zurich) will hold an Investor Update today in London. The event will start with introductory remarks from Group CEO Mario Greco and Group CFO George Quinn, followed by three separate breakout sessions.

The sessions of Zurich Germany and Switzerland will highlight how Zurich’s customer focus and disciplined execution underpin both business units’ plans to grow business operating profit faster than the overall Group over the current strategic cycle. Farmers’ session will focus on underwriting actions, expense optimization and the distribution strategy, which together mean that the Farmers Exchanges1 expect to deliver a combined ratio of ~99% in 2024 together with a surplus ratio of 35%. A new target surplus ratio range of 34-38% has been established reflecting the planned reduction in volatility of surplus generation.

Comunicação Zurich