Zurich Financial Services Group (Zurich) has reported a business operating profit (BOP) of USD 849 million and net income after tax1 (NIAT) of USD 637 million for the three months ended 31 March 31.
Zurich’s Chief Executive Officer Martin Senn said, “In a quarter marked by natural catastrophes, Zurich again delivered a solid underlying operating performance.”
Results were impacted by the significant catastrophe events in the Asia-Pacific region during the first three months of the year. Aggregate losses of USD 517 million were recorded for the five natural disasters in Australia, New Zealand and Japan.
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