|Bid||305.50 x 77100|
|Ask||310.00 x 150300|
|Day's Range||305.60 - 309.40|
|52 Week Range||275.10 - 321.80|
|PE Ratio (TTM)||15.37|
|Earnings Date||Aug 9, 2018|
|Forward Dividend & Yield||16.60 (5.31%)|
|1y Target Est||325.62|
Measuring Zurich Insurance Group AG’s (SWX:ZURN) track record of past performance is a valuable exercise for investors. It allows us to understand whether or not the company has met orRead More...
Zurich Insurance has agreed a longevity swap deal to cover more than two billion pounds ($2.71 billion) of pensioner liabilities for National Grid, it said on Tuesday. The Swiss insurer has reinsured a "significant proportion" of the swap with Canada Life, it said in a statement. "The policy will provide increased certainty on the cost of providing current benefits, which will therefore reduce the funding risks faced by the Group Trustee and National Grid in the future," said Jon Carlton, chairman of the trustees of the Electricity Supply Pension Scheme.
ZURICH/LONDON (Reuters) - Zurich Insurance (ZURN.S) has no plans for a big merger, it said on Wednesday, despite speculation of a pick-up in dealmaking in the industry and that the Swiss company could get involved. The insurer's comments came as it beat analysts' forecasts with a 5 percent rise in property and casualty (P&C) premiums for the first quarter. Zurich's share price has fluctuated in recent weeks on speculation of a takeover bid by rival Allianz (ALVG.DE).
Zurich Insurance generated $9.33 billion in property and casualty premiums in the first quarter, up 5 percent in dollar terms but down 1 percent like for like as Europe's fifth-biggest insurer focused on profitability, it said on Wednesday. Gross written premiums for the property and casualty business (P&C) had been expected at around $9.1 billion, according to a Reuters survey of three analysts. "The group continues to make good progress toward our 2017 to 2019 targets and remains strongly capitalised after returning around $3.8 billion to shareholders year-to-date through the increased dividend and the previously announced anti-dilution measures," Chief Financial Officer George Quinn said.
Zurich Insurance generated $9.33 billion in property and casualty premiums in the first quarter, up 5 percent in dollar terms but down 1 percent like for like as Europe's fifth-biggest insurer focused ...
Pricing ZURN, a financial stock, can be difficult since these insurance businesses have cash flows that are affected by regulations that are not imposed upon other sectors. Industry-specific factors, suchRead More...
Zurich Insurance Middle East CEO Walter Jopp weighs in on the region's insurance industry, and talks about regulation. He speaks on "Bloomberg Daybreak: Middle East." (Source: Bloomberg)
(Reuters) - A consortium led by Citigroup Inc, Zurich Insurance Group AG and Depository Trust & Clearing Corp (DTCC) will develop a set of cyber security standards that fintech companies can sign up to, ...
The group was formed as a result of a meeting held by the World Economic Forum last year to promote cooperation between the public and private sectors, the FT said. Founding members of the grouping, which include Hewlett Packard Enterprise Co (HPE.N) and U.S.-based online lender Kabbage, and participants say they aim to produce a set of standards within the next six to 12 months, according to FT. Citi, Zurich Insurance and DTCC were not immediately available for comment outside regular business hours.
Zurich Insurance (ZURN.S) said it was buying QBE Insurance Group's (QBE.AX) Latin American business for $409 million (£292.4 million), becoming the leading insurer in Argentina and No.3 in Ecuador. The acquired business had gross premiums of $790 million last year, with Argentina representing about half and the rest divided among Ecuador, Mexico, Brazil and Colombia, Zurich said in a statement on Sunday. "This transaction positions us as the leading insurer in Argentina, a market that is demonstrating strong growth, a stable economy and a positive environment for insurance," Claudia Dill, Zurich's Chief Executive Officer for Latin America, said in the statement.
Zurich Insurance's chief executive has a positive outlook for both the company and insurance industry as a whole, after the insurer reported better-than-expected earnings for 2017.
Zurich Insurance Group AG plans to more than double its allocation to impact investments, earmarking $5 billion for a broader range of assets after devoting $2 billion to green bonds in recent years.
Feb.08 -- Zurich Insurance Group CEO Mario Greco discusses the company's performance. He speaks on "Bloomberg Daybreak: Europe."