Zurich: UK earnings up 59%

Zurich 2019 results have revealed that overall UK earnings grew 59% - from £260m to £413m - last year. Its life and savings protection annual premium equivalent (APE) increased 25% to £114.9m and its general insurance gross written premium grew 4% (to £2,480m). According to the insurer, its life & savings business operation profit reached £142m - 15% ahead of the £123 million reported for 2018 - and retail protection annual premium increased by 17%. Its new life & savings protection new business also increased - to £42.2m - 46% up on the previous year. 'Solid' Zurich's UK CEO...