Zurich: remains on track to reach 2019 targets
(CercleFinance.com) - Zurich Insurance Group expects to achieve all of its 2017-2019 financial targets, thanks to restored management discipline and efficiency, the Swiss-based insurer said on Wednesday.
At its investor day in Zurich, the company said that it will make net savings of 1.1 billion dollars by the end of 2018, well in line with its end-2019 target of 1.5 billion dollars.
Also, cash remittances continued to be strong in the first half of 2018, Zurich said, putting the group on track to achieve the target of over 9.5 billion dollars over the three years, it added.
All these financial targets were first set back in 2016.
Zurich shares were down 1.5% at 308.9 Swiss francs on the SIX Swiss Exchange after these comments were made.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
At its investor day in Zurich, the company said that it will make net savings of 1.1 billion dollars by the end of 2018, well in line with its end-2019 target of 1.5 billion dollars.
Also, cash remittances continued to be strong in the first half of 2018, Zurich said, putting the group on track to achieve the target of over 9.5 billion dollars over the three years, it added.
All these financial targets were first set back in 2016.
Zurich shares were down 1.5% at 308.9 Swiss francs on the SIX Swiss Exchange after these comments were made.
Copyright (c) 2018 CercleFinance.com. All rights reserved.