Zurich Financial Services has reported a first half net profit of $1.95bn, up from $1.79bn a year ago.

The insurance group also said it is well on track to achieve its target for a $500m operational improvement from its "Zurich Way" cost-cutting initiative this year.

The group's business operating profit improved to $2.84bn, from $2.305bn.

Gross written premiums in the first half dropped to $24.6bn, from $25.9bn.

However, the combined ratio improved to 94.8%, from 96.9% last year.

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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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