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MarketScreener Homepage  >  Equities  >  Swiss Exchange  >  Zurich Insurance Group    ZURN   CH0011075394

ZURICH INSURANCE GROUP

(ZURN)
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Zurich Insurance : 1st Half Net Profit Increased

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08/08/2019 | 01:21am EDT

By Antonia Di Lorenzo

Zurich Insurance Group AG (ZURN.EB) said Thursday that it is on track to beat its 2019 targets after first-half net profit rose, supported by its property-and-casualty division.

Net profit for the period was $2.04 billion, up 14% from $1.79 billion in the same period a year earlier, the Swiss insurance giant said.

Business operating profit rose to $2.82 billion compared with $2.42 billion.

The property-and-casualty business's operating profit increased 46% to $1.66 billion.

The company said that it is set to surpass all its 2017-2019 targets.

"Based on what we have achieved, we can look to the future with confidence and optimism, as we prepare to present our plans for the next three years at our investor day in London in November," Chief Executive Mario Greco said.

Write to Antonia Di Lorenzo at antonia.dilorenzo@wsj.com; @AntoniaDL89

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Financials (CHF)
Sales 2019 49 438 M
EBIT 2019 5 451 M
Net income 2019 3 992 M
Debt 2019 11 981 M
Yield 2019 5,26%
P/E ratio 2019 14,2x
P/E ratio 2020 12,8x
EV / Sales2019 1,37x
EV / Sales2020 1,22x
Capitalization 55 503 M
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Technical analysis trends ZURICH INSURANCE GROUP
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
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Mean consensus OUTPERFORM
Number of Analysts 25
Average target price 372,97  CHF
Last Close Price 381,40  CHF
Spread / Highest target 24,3%
Spread / Average Target -2,21%
Spread / Lowest Target -18,7%
EPS Revisions
Managers
NameTitle
Mario Greco Group Chief Executive Officer
Michel M. Liès Chairman
Kristof Terryn Group Chief Operating Officer
George Quinn Group Chief Financial Officer
Alison Jane Carnwath Independent Non-Executive Director
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