Reported 1 day ago
Zurich Insurance reported an annual operating profit of $7.8 billion for 2024, slightly surpassing analyst projections, despite facing the impact of climate-related disasters like the California wildfires, estimated to cost the company $200 million pre-tax. The CEO noted that Zurich is primarily exposed to commercial businesses in the affected areas, while the company anticipates sustained growth in earnings through 2027. Additionally, Zurich plans to propose the election of Thomas Jordan to its board and has increased its dividend payout.
Source: YAHOO