Zurich Insurance tops profit forecast, catastrophe losses weigh on shares

Zurich Insurance (ZURN.S), opens new tab posted a record first-half operating profit on Thursday and said it was on track to beat its 2025 targets, but concerns about natural catastrophe losses sent its shares lower.

Insurers have benefited from several years of rising premiums as a result of wars, the COVID-19 pandemic and natural catastrophes, but losses from the catastrophes – such as floods and wildfires – are a worry for investors.

Source: REUTER