Jeffries predicts ZFS's Q3 profit to reach $1.4bn

Stockbroking firm Jefferies is expecting “solid” third-quarter results from Swiss insurance group Zurich Financial Services (ZFS), which it says is part of a trend of improving non-life insurance performance globally.

Jefferies expects Zurich’s business operating profit to be $1.4bn (£872.4m), at the top end of equity analysts’ consensus range. While this is down from the $1.52bn reported in the third quarter of 2009, Jefferies said the 2009 figure was inflated by one-off items. The stockbroker also anticipates that pressure on Zurich’s non-life top line should moderate and the underlying combined ratio should improve.

Jefferies said US-based insurers Travelers and Chubb both reported solid third-quarter results and “encouraging” growth in net written premium of 2% and 1%.

The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.

Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.

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