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 increased 2%.
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.
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.