12:34:51
Zurich interim results 30 June 2010
ZSA
Posted Thu, 02 Sep 2010

Gross premium income decreased by 16% to R2.4 billion (June 2009: R2.9 billion), while a loss after tax was recorded at R42.7 million (June 2009: Profit of R106.4 million). Headline loss per share was recorded at 319.9cps (June 2009: Headline earning per share 711.1cps). Dividend No dividend has been declared for the period under review. Outlook Gross premium income declined by 16% from R2.9 billion to R2.4 billion. This is in line with the company's stated strategy to focus on profitability and combined ratio improvement. Claims at R1.3 billion are down 22% on 2009 (R1.7 billion) and the initiatives currently underway to reshape the claims and underwriting environment are contributing to the positive underwriting result.