Zurich Insurance Company increased its net profit by 24%.

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      Zurich Insurance adheres to its financial target, reporting a 24% increase in net income to $3.72 billion (2.9 billion) in 2018 and recommending an increase in its dividend to 19 Swiss francs per share.
On average, analysts surveyed by Yingfang data expect net profit to grow by 16% to $3.48 billion in 2018 and dividends to rise to 18.9 Swiss francs per share.
"We continue to enhance profitability, reduce costs, while expanding our business, expanding our global business scope, broadening the scope of our innovative solutions to meet the changing needs of customers. "This performance gives us confidence that we will enter the next stage of development in the coming year," said CEO Mario Greco.
The group's operating profit grew by 20% to $4.6 billion.
According to the insurance company, the target of 2017-2019 has been well developed, with a cumulative net cost savings of $1.1 billion. The estimated ratio of 12.1% after-tax operating profit to Zurich's economic capital model is 125%.


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