Operating profit for 2024 at Swiss insurer Zurich grew in Asia Pacific with strong contributions from its property and casualty business.
In 2024, business operating profit (BOP) at Zurich in Asia Pacific grew 6 percent year-on-year to $586 million, according to the Swiss insurer’s financial results.
Within its regional property and casualty business, BOP rose 21 percent to $343 million and gross written premiums were up 12 percent. The life business was broadly in line with its 2023 results with a 4 percent increase in life gross premiums. After its launch in mid-2023, the APAC digital business reported 100 percent top line growth.
«We continue to make steady progress in building Zurich’s franchise in Asia Pacific. 2024 saw us deliver excellent results while continuing to invest in our capabilities, ensuring a strong platform for growth as we move into our new three-year cycle,» commented Tulsi Naidu APAC CEO at Zurich Insurance Group.
