Zurich Financial Services clawed its way out of the red in the first half of 2003 with net income of $701m (£447.1m), from a loss of $2bn (£1.2bn) in 2002.
Chief executive James J. Schiro said the group was on target for a full-year profit.
The non-life combined ratio improved by 4.5%, excluding the effects of last year's provisions, to reach 98.8% from 103.3%.
The comparison figure including the provisions for the six months to 30 June 2002 was 119.7%.
Business volumes were up by 26% as measured by gross written premiums and policy fees, to $26.1bn (£16.6bn) in the first half of this year from $20.7bn (£13.2bn) in the same period last year.
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.
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.
