The underlying business operating profit
after tax return on equity for the year was 12.1%, in line with the target of in excess of 12% and growing over the three-year period.
Business operating profit
has reached USD1.3bn, up 25 percent compared with prior year, while operating profit of USD2.1bn was down 7 percent compared with the prior year.
The business operating profit
, Zurich's own gauge of its underlying business, rose by 24 per cent to $2.85 billion.
On a like-for-like basis - before the impact of currency movements, acquisitions and disposals - business operating profit
Zurich Insurance Group (Zurich) today reported a business operating profit
(BOP) for the nine months ended September 30, 2016 of USD 3.4 billion, up 36% from the prior year period.
Zurich's first-half business operating profit
(BOP), its own measure of underlying pre-tax earnings before capital gains or losses and extraordinary items, rose by 56 per cent to pounds 818 million, slightly ahead of market expectations.
These charges will be recorded outside of fourth quarter Business Operating Profit
a business operating profit
after tax return on equity of between 12% and 14%, solvency as measured by the Group s internal capital model, the Z-ECM ratio, of between 100% and 120%, and net cash remittances to the Group after all central costs in excess of USD 9 billion over the three years.
The non-core businesses recorded a business operating profit
of USD 37 million compared with a business operating profit
of USD 81 million in the same period of 2012, which had benefited from one-off gains.
Best does not believe that the financial impact of this reserve strengthening is significant as it represents less than 10% of forecast business operating profit
for 2012 and approximately 1% of capital and surplus of USD 32,421 million as of 30 June 2012.
At the transport and infrastructure business operating profits
in the six months to June slid from [pounds sterling]7.6m to [pounds sterling]5.8m.
In its mainland European business operating profits
fell 5pc to pounds 30 million in market conditions which Sage said remained challenging.