Zurich Insurance Upbeat after 2021 Profits Beat Expectations

Zurich Insurance is likely to see continued revenue and profit growth in the next two years, its CFO said, after the insurer reported its biggest annual profit since the financial crisis.

Zurich Insurance, Europe’s fifth-largest insurer, reported a 35% increase in 2021 operating income to $5.7 billion, its highest level since 2007, helped by a strong showing from its commercial business and reduced claims from COVID-19. It said it expected to meet or exceed its 2022 financial targets.