|Bid||396.10 x 0|
|Ask||0.00 x 0|
|Day's Range||394.50 - 398.00|
|52 Week Range||297.80 - 411.30|
|Beta (5Y Monthly)||0.66|
|PE Ratio (TTM)||16.93|
|Forward Dividend & Yield||20.00 (5.15%)|
|Ex-Dividend Date||Apr 09, 2021|
|1y Target Est||N/A|
To help protect homes against wildfires, insurers are teaming up with specialists and offering free prevention and loss-minimization services.
Zurich Insurance Group AG is expecting a "strong rebound" in profits in 2021 and may sell books of life business closed to new customers, the head of Europe's fifth-largest insurer said on Wednesday. Insurers across the globe were hit by claims from COVID-19 last year, but the impact of the pandemic on earnings was waning, Mario Greco, chief executive of Zurich, said in an interview at the Reuters Future of Insurance USA conference. Greco said the insurer was "constantly looking" to sell books of European life insurance business closed to new customers, after several such transactions in recent years.
Zurich Insurance Group will drop out of Russia's Nord Stream 2 project in the face of looming U.S. sanctions against European companies that support construction of the $11 billion gas pipeline, two sources familiar with the situation said. The U.S. State Department this month told companies which it suspects are helping to build the pipeline that they face a risk of sanctions as the outgoing Trump administration prepares a final round of punitive measures against the project, Reuters reported this week. The Swiss insurer declined to comment on Saturday on specific customers, but said: "Zurich has a comprehensive compliance framework in place and is committed to fully comply with any applicable sanctions regulations."