Zurich insurance posts record profits, but shares dip on catastrophe worries [Yahoo! Finance]
Eastern Company (The) (EML)
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Source: Yahoo! Finance
Despite this, concerns about increased natural catastrophe losses have put a damper on the company's share performance. At 5:51 am (0951 GMT), Zurich Insurance was trading 2.9% lower at CHF 451.60. Natural catastrophe losses totaled 2.4% compared to 1.8% in the first half of 2023. Zurich's group business operating profit (BOP) reached $4.0 billion, a 7% increase from the previous year and the highest ever recorded. The return on equity (BOPAT ROE) hit a record 25.0%, while net income attributable to shareholders surged 21% to USD 3.0 billion. This performance was driven by results across all key segments: Property&Casualty (P&C), Life, and Farmers. Zurich's P&C segment reported a BOP of USD 2.2 billion, up 3% on a like-for-like basis, with a combined ratio of 93.6%. The commercial P&C sector maintained its high profitability, boasting a combined ratio of 91.4%, while retail P&C improved from the latter half of 2023 despite significant weather-related impacts. The Life bu
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- The Eastern Company (NASDAQ: EML) was upgraded by analysts at StockNews.com from a "buy" rating to a "strong-buy" rating.MarketBeat
EML
Sec Filings
- 9/20/24 - Form SC
- 9/17/24 - Form 4
- 9/17/24 - Form 4
- EML's page on the SEC website