Zurich Announces USD 5.2 Billion Business Operating Profit

Zurich headquarters, employees working (Source: Zurich)
Helicopter view city of Zurich Limmatquai, several employees working in the Leonardo...
Zurich Announces USD 5.2 Billion Business Operating Profit and USD 3.0 Billion Net Income for 2008 Zurich Financial Services Group (Zurich) announced a net income of USD 3 billion for 2008 as well as a CHF 11.00 gross dividend proposal. While the heightened financial pressures of the latter half of the year led to annual and quarterly reductions in net income and business operating profit, the Group's disciplined approach to operational and risk management issues generated resilient operating results across its core business segments as well as a positive investment return. Furthermore, the Group's business operating profit post-tax return on equity continued to remain above its mid-term target of 16%. Available video includes B-roll of Headquarter shots as well as still images of CEO James J. Schiro, CFO Dieter Wemmer, CEO of General Insurance John Amore, CEO of Global Life Mario Greco and Farmers Chairman Paul Hopkins.

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