Zurich Insurance: P&C Q1 Gross Written Premiums Up 8% On LFL Basis

Zurich Insurance Group reported Q1 P&C gross written premiums of $15.56 billion, up 8% on a like-for-like basis and 17% reported. Commercial Insurance grew 9%, led by Global Specialty and Middle Market. The update points to solid underlying premium growth and is modestly positive for company fundamentals.

Analysis

Zurich Insurance Group reported Q1 P&C gross written premiums of $15.56 billion, up 8% on a like-for-like basis and 17% reported. Commercial Insurance grew 9%, led by Global Specialty and Middle Market. The update points to solid underlying premium growth and is modestly positive for company fundamentals.