Brief: Zurich Insurance Group Q1 P&C GWP up 8% to $15.6 bln
13/05/2026 05:58
May 13 (Reuters) - ZURICH INSURANCE GROUP AG ZURN.S: PC REVENUES ACCELERATE AS AI DRIVES DATA CENTER CONSTRUCTION DEMAND AND MIDDLE MARKET GROWTH BROADENS PROPERTY CASUALTY (PC) GROSS WRITTEN PREMIUMS ROSE 8% ON A LIKE-FOR-LIKE1 BASIS. COMMERCIAL INSURANCE GREW 9% DRIVEN BY GLOBAL SPECIALTY AND MIDDLE MARKET. RETAIL IS UP 7% Q1 PROPERTY CASUALTY (PC) GROSS WRITTEN PREMIUMS ROSE 8% ON A LIKE-FOR-LIKE1 BASIS. COMMERCIAL INSURANCE GREW 9% DRIVEN BY GLOBAL SPECIALTY AND MIDDLE MARKET. RETAIL IS UP 7% Q1 LIFE DELIVERED PROFITABLE GROWTH AS GROSS PREMIUMS2 INCREASED 5% AT EXCELLENT MARGINS, WITH PROTECTION PREMIUMS2 UP 9% ON A LIKE-FOR-LIKE1 BASIS Q1 FARMERS UNDERLYING FEE INCOME3 UP 4%. FARMERS EXCHANGES4 GWP UP 4%, SUPPORTED BY POLICY COUNT INCREASE, WITH FURTHER ACCELERATION IN APRIL SWISS SOLVENCY TEST (SST) RATIO ESTIMATED AT 265% AS OF MARCH 31, 2026 GROUP'S EXPOSURE TO GEOPOLITICAL CONFLICTS AND TENSIONS IN MIDDLE EAST REMAINS LIMITED, WITH NO MATERIAL IMPACT ON PERFORMANCE EXPECTED Further company coverage: ZURN.S (Gdansk Newsroom) ((Gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))