Solid half-year performance with strong growth in commercial business
(WorldNews Switzerland)

News Release August 13, 2020 Solid half-year performance with strong growth in commercial business Strong growth in commercial insurance gross written premiums with Group well positioned to benefit further from improved commercial insurance pricing Business operating profit (BOP) of USD 1.7 billion including USD 686 million of COVID-19 impact1 among other factors, down 40% vs USD 2.8 billion in H1 2019 Net income attributable to shareholders USD 1.2 billion, down 42% vs USD 2 billion in H1 2019 Property & Casualty (P&C) estimated claims from COVID-19 at USD 750 million2 for 2020, as indicated in May, and fully booked in first half Capital position remains strong with Z-ECM ratio...