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Zurich Insurance reveals results for Q3 2023

November 9, 2023

Zurich Insurance Group has reported strong premium growth in its property & casualty (P&C) and life insurance segments into the third quarter of 2023.

P&C insurance revenue increased 9% on a reported, like-for-like basis, driven by growth in commercial and retail insurance, supported by rate increases of 6%. New business premiums in its life business jumped 23%.

P&C gross written premiums stood at $34.5 billion for the nine months ending September 30, 2023, an 8% increase from the prior-year period. New business premiums in its life segment netted $12.2 billion for the Swiss insurer.

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