By Paolo Laudani<\/p>\n
(Reuters) -Zurich Insurance reported a 6% rise in its first-half operating profit on Thursday as individuals and businesses continued to spend on insurance policies amid concerns over severe weather-related catastrophes.<\/p>\n
Shares in Zurich Insurance have underperformed peers this year due to the Swiss group’s high exposure to the United States and the weakened U.S. dollar, analysts have said.<\/p>\n
Higher inflation in the U.S. risks leaving the company exposed to a hike in claims costs in its operations in the country while a weaker dollar pushes up the cost of its dividends, which are paid in Swiss francs.<\/p>\n
In a post-earnings call with journalists, CEO Mario Greco said that while he was “confused” by U.S. tariff announcements, he did not see an impact on the insurer’s business.<\/p>\n
Shares of Zurich Insurance were up 2% in pre-market trade as of 0606 GMT.<\/p>\n
Europe’s third-largest insurer by market capitalisation said its operating profit was $4.2 billion in the first six months of 2025, slightly above analysts’ average estimate of $4.14 billion provided by the company.<\/p>\n
At its core property and casualty (P&C) business, which accounts for roughly a half of the company’s earnings, operating profit grew 9% year-on-year, beating analysts’ expectations.<\/p>\n
North America is Zurich Insurance’s single largest market, responsible for more than half of the P&C segment’s operating earnings.<\/p>\n
Chief Financial Officer Claudia Cordioli said in the call that should inflation go up again, insurance prices would adapt.<\/p>\n
“There will be also more investments … in the U.S. as a result of (tariffs), which is beneficial for us as a construction underwriter,” she added.<\/p>\n
(Reporting by Paolo Laudani in Gdansk; Editing by Matt Scuffham and Milla Nissi-Prussak)<\/p>\n","protected":false},"excerpt":{"rendered":"By Paolo Laudani (Reuters) -Zurich Insurance reported a 6% rise in its first-half operating profit on Thursday as…\n","protected":false},"author":2,"featured_media":8959,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[128],"tags":[7137,7136,219],"class_list":{"0":"post-8958","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-zurich-insurance","8":"tag-insurance-policies","9":"tag-operating-profit","10":"tag-zurich-insurance"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/8958","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/comments?post=8958"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/8958\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media\/8959"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media?parent=8958"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/categories?post=8958"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/tags?post=8958"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}